Every homeowner considers the option of selling their existing home and moving to a new location from time to time. Examine these 5 signals that it’s time to sell your house in Irvine to gain a better grasp of if it’s time to move on.
Priorities Have Changed
Over time, every homeowner’s wants and needs change whether they want them to or not.
Maybe you’re getting married, starting a family, or just have a lot of empty space now that the kids have grown up and moved away. In all of these circumstances, it’s at the very least worthwhile to explore around your neighbourhood to see if there’s another home that better suits your needs. Moving to a property close to excellent schools, near a park, with improved commuter routes, or with easy access to handy shopping could all meet these requirements.
Think about what’s important to you now and what you will need in the future to best determine if a new Irvine home could be more worth your invested time and effort.
The Market Is in Your Favor
Look through your nearby listings, establish a list of previously sold homes’ final closing prices, and consider whether it would be financially beneficial to list your home now.
Every real estate market has its ups and downs, and you can be sitting on a gold mine without ever realising it. Keep in mind that the quantity of homes for sale will have a negative impact on the prices linked to offers until the inventory of homes for sale decreases.
So, either be prepared to wait until inventory has diminished or saddle up to make your Irvine home stand out compared to the competition.
You’ve Built Substantial Equity
A lot of owners don’t consider their equity as a motivating factor to begin finding a new home in order to cash in on that equity.
The difference between the market worth of your property and the amount you still owe on it is known as home equity. This implies that each payment you make on your mortgage adds to your equity over time.
If you can sell your home and come out way ahead due to your equity, you could then turn that money into a perfect investment in a new property that serves you better.
Interest Rates Are Low
We are now experiencing historically low real estate financing rates, and you should investigate whether such rates will help you right now.
Many homeowners are refinancing properties that they want to stay in for many years, but the same low-interest rates may allow you to buy a new home while cutting your monthly mortgage payments.
If they don’t lower your total payment, there’s at least a chance they would allow you to put more money toward the principal of your mortgage every month, which is still a more favorable situation for you.
You Found Your Dream Home
There is something to be said for finally having a chance to buy the Irvine home that you feel would be absolutely perfect for you.
Don’t be hesitant to examine the prospect of listing your property if the opportunity to make a serious bid on the home you’ve had your eye on or dreamed about for years occurs.
The combination of a red-hot real estate market and low-interest rates could be the exact perfect storm that helps you achieve your personal home-owning goals.
Professional Help to Sell Your House in Irvine
If you’re looking to sell your house in Irvine in the near future, contact us today at (714) 701-8210!