Although the real estate market has cooled off a bit, it is still a hot market in historical terms. As a seller, this is good news when you decide to sell your home.
Things to Consider When Selling Your Home
A year or so ago, selling a residence was laughably easy. In some markets, it was clear that you could list practically anything and get an offer within a week or so. The market was so hot that some homes sold before actually appearing in MLS listings and such. For sellers, it just didnt get any better.
As the market has cooled, sellers have had to return to the basic premise of selling a home. Homes simply are not being snapped up right and left. Here are a few things you should consider.
1. Can you afford another home? Most sellers intend to purchase another home with the proceeds from their sale. Logically, this makes sense, but real estate is not always logical. One area that can be problematic is the interest rate on loans. Your current loan may have a very low interest rate, but you will probably have a much higher one on a new loan. Will you be able to handle the increased monthly payments? Make sure.
2. Why are you going to...
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