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Q: I'm not sure if I'm ready to sell at this time.
A: If you know you want to sell your home, putting it off may be costly. The sooner your house sells, the sooner you can get into a new home. Waiting could bring drawbacks that are unexpected. For instance, interest rates may go up- a little jump can be make a costly difference. The price of your future home may go up. New construction homes tend to appreciate at a rate of 10% per year. Your home may be worth less. If you find your future home right away, you may incur vacant monthly expenses; or you may wind up making double house payments. You may find yourself making additional costly repairs. We are not saying that these things will happen- just that they might and they need to be considered. |
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