5 Things to Consider Before Selling Your Home
Should I sell my mountain home? As much as the mountains of north Georgia and southern North Carolina have to offer, there might come a time to sell the property. However, knowing when it is the right time can be difficult. From life circumstances to market conditions, there is so much to consider. Here are four things to consider before deciding to put your home on the market.
Changes to your lifestyle or circumstances can be one of the top signals of time to sell your home. For example, you might have a young family and need to upgrade for more space. Conversely, you might be planning retirement and need to downsize. If a home is no longer suitable for your life, it is time to consider selling.
Need to Relocate
Living in the mountains can be an incredible experience. As great as it is, there might come a time when you need to move. Maybe your career requires a transfer to a different area of the country. You might want to move so you can be closer to your family. Some people move because they need a change of pace.
For many, their North Georgia mountain property is a second home. You might use it as a vacation property. It could also be an investment for short-term rental income. Some second homes are both. If you need the money, selling a second home might be a good idea. Some homeowners sell because they can’t afford to maintain two properties. Maybe you do not use the property enough to justify keeping it.
Home prices can be a key indicator of a good time to sell. You might want to cash out and take your profits when prices are high. If you look at the current market, the price data varies depending on where you look. For instance, as of this writing, prices have slipped slightly in Blue Ridge from their highs earlier this year. However, prices are still up from a year ago and higher than pre-pandemic levels. There are also signs that demand might be slipping in the area. That said, market conditions can change quickly. The outlook might be different if you are reading this a few months from now.
Your Home's Value
Knowing the value of your home may also help you in the decision-making process. The value may reveal some equity in your home that you might want to borrow against. Or, if you're leaning towards selling, your home value may net a notable earning upon selling it.
We offer a free, no-hassle, no-strings-attached tool for finding your home's value. It's easy to use and you can even use it on your mobile device. Click HERE to begin using it.
When you're ready to hire an agent to help you buy and/or sell your home, trust The Mountain Life Real Estate Team powered by Keller Williams Realty Partners to truly partner with you on this journey. We would be grateful for the opportunity to earn your trust and your business. Click HERE to send us a message. Or, text us directly at (706) 745-3123. We're happy to answer any questions you may have.