There’s a lot to consider when selling your home. These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, you may be ready to move. Contact me to learn more about what your home is worth, the home selling process, and any other questions you may have.

Have you built substantial equity in your current home?

Check your annual mortgage statement or call your lender to find out how much you’ve paid down. Usually you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest. But if you’ve owned your home for five or more years, you may have significant, unrealized gains. Want to know how much your home specifically is worth in today’s market? Fill out my home valuation form and I’ll run a free comparative market analysis for your property.

Has your income or financial situation changed?

If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving. If your income has decreased, you may want to consider downsizing.

Have you outgrown your neighborhood?

The neighborhood you pick for your first home might not be the same one in which you want to settle down for good. You may have realized that you’d like to be closer to your job or live in a better school district. Not sure which neighborhood is right for you? Visit my neighborhoods page to learn more about the local Los Angeles communities.

Are there reasons why you can’t remodel or add on?

Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.

Are you comfortable moving in the current housing market?

If your market is hot, your home may sell quickly and for top dollar, but the home you buy will also be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home. Contact me to learn more about the Los Angeles housing market and how you can benefit from it.

Are interest rates attractive?

Low rates help you buy “more” home, and also make it easier to find a buyer for your current place.

Is the effort and cost of maintaining your current home becoming difficult to manage?

Feel free to reach out to me and I can help you decide whether a smaller house, condo, or rental would be appropriate.

Looking for more details about your home and the selling process? Contact me to get a personalized comparative market analysis for your property and to learn how I can give you a strong return on your investment.

Some of this content was generated by the National Association of Realtors.