Are you sitting on the fence about selling your home for cash? There are a number of reasons why people decide to move on and sell their home for cash, but it’s important that you actually take a close look at your motivations and determine some concrete reasons for putting it on the market.
Here are some of the most common reasons people sell their homes for cash:
1. YOU CAN’T AFFORD IT ANYMORE
Without a doubt the most negative justification for selling your home for cash, which is why we’ll get it out of the way first! There are a number of unforeseen circumstances that life can throw at you, affecting your ability to keep up with your mortgage repayments.
These can include:
- Losing a job
- Falling ill and being unable to work
- Separating from your partner
- A sudden rise in your home loan rates
If you find yourself struggling to make your mortgage repayments and you don’t see the future getting any brighter, you should get out early before your debt begins to snowball.
However, despite being an undesirable situation, there can be a very positive outcome with potential profits to be made like selling your home for cash.
2. IT’S NO LONGER THE RIGHT SIZE
As we grow, our needs change, meaning different properties are suited to separate times of our lives.
Perhaps you’ve got a new wee addition to the family and need a bigger and more child-friendly home.
On the other side of the coin, maybe the kids have flown the coop, leaving your larger home eerily quiet and prone to echoing. Downsizing could make you more comfortable, not to mention it can free up a substantial amount of money.
3. THE MARKET IS IDEAL FOR SELLING
If you’re still teetering on the edge of selling, a hot property market could be enough to tip you over. In a good way, of course.
4. TIMES ARE A-CHANGING
Simple lifestyle changes can result in you wanting or needing to sell your home and move locations. Perhaps you’ve picked up a new job in a different city, you’re tired of your long commute to work or you want to live closer to your friends and family.
It can even be something as straightforward as wanting a change in your life, like a breath of fresh air from a different area.
Selling your home is a very personal decision. You should consider what is most fitting for your finances, lifestyle and future plans. Once you’ve balanced all the positives and negatives, emotions and practicalities, then maybe you can get down from your fence and list your property for sale. If you are ready to sell your home for cash, contact an expert member of the St. Louis Realty Advisors team at (314) 326-4900.