Determining when is the best time to sell a house can be a tricky thing to do, but there are a few times when it is always a good idea to sell your house immediately:
- When you need the money more than the property itself
- When you are behind (or “underwater”) on your mortgage
- When the home has been damaged to the point that it would take more time/money to repair it than it’s worth to you
- When the home is vacant and not helping you in any way
Many people make the mistake of waiting too long to sell a house that they own (or not selling it at all), and that is why there are so many properties with shattered windows, overgrown landscapes, and damaged roofs. A home should do one of two things for you: either a) be a comfortable, enjoyable primary residence where you and your family can happily live in or b) provide you with money via rental income.
If your home is doing neither of those, then it is at best a nuisance (especially if you are paying taxes on real estate that isn’t giving you anything in return) and at worst it’s a serious problem that causes stress for you and your family.
If you own a home that isn’t producing anything of value for you, would you consider filling out our online form to tell us about your house and let us contact you about buying it?