4 Signs that it’s The Right Time for You to Sell Your Louisville Home
You’ve been watching the news about the Real Estate market and have been thinking about selling your Louisville Home all year but aren’t sure if now is the right time for you to sell or not.
Although most Realtor’s and analysts will tell you different reasons why you should sell your home, here are four real signs that you can look to for knowing that now is the right time for you to sell your Louisville Kentucky Home.
You Paid Off Non-Mortgage Debt
One of the best positions you can be in is to have zero non-mortgage debt and money in the bank; if this is the case with you then NOW is a great time for you to sell because, you’ve mastered the art of managing your finances and could move up to a bigger home, or downsize and potentially buy a smaller home for cash.
Your Home Has Equity
After the recent collapse of the Real Estate market almost nobody had equity in their homes; but that’s changed as of 2015 and most people are no longer underwater with their mortgages.
If you have at least 20% equity in your home you should consider selling your home then using the equity to buy another home because, putting down 20 percent means you will avoid having to pay Private Mortgage Insurance (PMI).
Your Family Has Outgrown Your Louisville Home
Yes, you can outgrow your home, especially if you have children, and this is the perfect time to start searching for a bigger home with more bedrooms and bathrooms for your family.
You Can Afford To Move
Last of all, but most important, you have at least $2,000 saved and are able to afford hiring a professional moving company to help you move.
You’re going to want to hire a moving company because, they will make your transition from one home to the other a lot easier plus a moving company will save you money as well since you won’t have to make multiple trips back and forth between homes.
Buy A Louisville Home
To learn more reasons why you should sell your Louisville Home, or to view homes for sale, contact Family Realty, LLC today by calling us at (502) 458-4100 or CLICK HERE.