If you are thinking about selling your home, there is a high likelihood that you have experienced significant changes in your life. These changes could be personal, work or family related. If your family or work situation has changed, or you are just simply looking for a chance of pace, you may be ready to move as soon as possible.
However, first you should explore whether selling is the best option or if you should consider the alternative options of renting it out or staying put instead.
Let’s start by examining some reasons why you may be thinking about selling your home.
If your family is growing and your home simply isn’t providing the space that you need, you may be considering selling and upgrading to a larger home. According to statistics, Australian families with children tend to move homes roughly every 5-7 years. As your children grow, you may also want to change homes so that you have easier access to the best possible schooling for them.
Dealing with a divorce is tough and can be even harder if you and your partner own a home together. If you are going through a divorce, moving on with your life can be that much easier if you are no longer dealing with the hassle and financial responsibility associated with sharing a home with your partner.
Retirement is often the time that many people want to explore the things that they never had the opportunity to do earlier in life. You may be looking to travel or move to a new location which may be easier to do without your current home tying you down.
Change in Your Financial Situation
If you are dealing with the loss of employment or a decrease in your salary, your home might be turning into a financial burden. In this case, exploring options for dealing with your mortgage and owning a home would probably be a great way to free up some capital.
Starting a Business
If you are starting your own business, you are likely looking for investment capital which could be provided either by a bank loan or by selling your home. While using your home as collateral for starting a business could be risky, it could turn out to be the best decision of your life if your business becomes successful.
Now that we have explored the potential reasons for why you might be selling your home, we will discuss whether selling, renting, or staying put would be the best option for you. However, the first step before you make any decisions should be to obtain a home appraisal.
Ammache Real Estate can provide you with an accurate appraisal for your home. If you would like to get started today, go to the link below and complete the short form to get the ball rolling on finding out what your home is worth: