So right now myself (32M) and my SO (29F) are about four and one half years into the home we own now. The property values in the area have gone up steadily over the past 2-3 years we've been there. Currently on our street there's two homes listed for sale, my neighbor included, and they're going to sell very quickly. I mean I have never seen so many realtor business cards in my mailbox. They've really ramped up their effort in the past year.
Here is the basic info:
- We purchased for ~$168k and change.
- Homes in area selling for ~$220k or more.
- Our home has had major or semi-major updates done like new flooring, paint, and a fenced in backyard.
- We do not have children yet. Not married (yet) either. So that should make a move easier.
- We really like the area, but we like a lot of this entire state so we're not uber-committed to this city or zipcode.
I just don't know a ton about the process so here's my questions/concerns:
- Let's say our home did sell for 220k, realistically what would I walk away with? Would I actually make money on it? (Yes, I would have to use a realtor - not gonna try to sell it myself)
- If our property value is going up now, should we just stick to the home and wait another year or two?
- What are the indicators that it really is the 'best time to sell' your home?
EDIT: Okay. I think the few that have posted have successfully convinced me not to sell. I was just curious about the process and if there was any profit to be made. I figured since we didn't have kids and whatnot it might be worth a gamble - doesn't seem like it would be yet considering the comments you've provided. Thanks!
Submitted May 03, 2019 at 10:03AM by AlternateFire1 http://bit.ly/2vBpD0o
