How do you know when it is the right time to sell your house in Indianapolis? The decision to sell shouldn’t be taken lightly. In this post, we offer 6 signs to help you feel confident in your decision.
Determining the right time to sell your house in Indianapolis can be difficult. You don’t want to rush into something you’ll regret, but at the same time, hesitating can end up costing you. If you’re not sure that it’s the right time to sell your house, there are a few signs that may help you decide. Check these out!
#1 – You’re Having Trouble Making Payments
It can happen to anyone because let’s face it: life happens. Circumstances beyond our control can quickly make it feel almost impossible to get the mortgage paid on time. Job loss, sudden and unexpected illness, or loss of a loved one, are all unforeseen problems that cause homeowners difficulty in paying the mortgage. If this is the case for you, it may be time to consider a different property. Just because you move to a less expensive or smaller house, doesn’t mean you won’t be able to make it a beautiful home.
#2 – Your House Doesn’t “Fit” Anymore
Not every house we buy will be our “forever home”. One reason for this is a changing family size. Many times younger couples buy a home that’s sized right for them only to find later that the addition of kids or even an aging parent moving in causes them to need more room. Similarly, as our families age and the kids move out, that once young couple who bought a big house to fit their family may be left with a large house that they don’t need or want, along with all of its maintenance requirements. Either way, owning a house that is the wrong size can be burdensome. You may feel cramped, without any privacy or you’re forced to maintain a larger house that you’re not even using. Both situations can make your living conditions less than ideal.
#3 – You Have Another Opportunity
Could the sale of your current house propel you into something even better? Maybe there is another property you would like to buy that is better suited for you or that would be a good investment. Maybe you have a business opportunity or want to start one of your own. Or maybe the kids are gone and you want to take this opportunity to travel the world. Don’t hold onto your house in Indianapolis because you feel like you have to. A direct sale of your house to 317 Home Buyers will quickly allow you to follow a dream you may have been putting off.
#4 – The House Needs A Lot of Work
Are you tired of sinking money into the house month after month? A house in disarray and in need of repairs can cost you a fortune in maintenance. Repairs left undone can snowball, and cause repair expenses to multiply rapidly, putting you in even greater debt. Unless you specifically signed up for a fixer-upper property, owning a home that always needs work isn’t fun for anyone (Pro-tip: it’s not always fun when you signed up for a fixer-upper either!). When it simply doesn’t make sense to continue blasting your paychecks into repairing your Indianapolis house, it may be time to consider a sale.
#5 – The Neighborhood Isn’t Improving
Maybe you bought in an area you thought was up and coming but the truth is, it hasn’t progressed in the way you had hoped. It can be easy to get lost in the hype when people insist a neighborhood is on the rise, but things don’t always turn out the way people think. While you can single-handedly improve your property, you can’t single-handedly change the location. Even if you have a great property, it’s not so great when located in a bad neighborhood.
#6 – Your Investment Isn’t Paying Off
Do you own an investment property that isn’t performing as planned? Maybe the house turned out to be a lemon, rent rates aren’t what you thought they would be, or you’re having trouble finding high quality tenants and at the end of the month you can’t cover your costs. Did you buy a house to flip and your contractor ran off with your money? Maybe there were unforeseen problems that your budget won’t allow you to fix. Investments don’t always go according to plan and you may find that your money will be better invested elsewhere! If your investment isn’t paying off as you would like it to, there is no need to keep holding onto it. In some cases, it is better to get out while you are still ahead as opposed to holding on to the property, hoping that something will change.
For many home sellers in Indianapolis that need a solution fast, working with a direct buyer is the way to go. Listing a house on BLC (Indianapolis version of the MLS) can be unpredictable and it can be months before the house finally closes. When you work with 317 Home Buyers, you’ll be able to receive your proceeds in only a few short days!