What is your intention for wanting to sell? If you love where you live and your homes needs more space and updating then do a Dallas remodel and remain put. Also, if the housing market has taken a dip then you may want to put off selling just a bit and wait until it recovers. Regardless of the reason you’re thinking about selling take a little time and run the numbers before you hang that “For Sale” sign on your front lawn. The numbers may indicate that this is the perfect time to sell your Dallas home. These three tips will help you figure out whether you should sell or stay.
Tip # 1 Pull Out Your Crystal Ball
Where do you want to be in 5 to 10 years from now? Do the neighborhood and house fit your families growing and ever expanding needs? Will selling or remodeling best fit into your family’s short and long term goals? Have your priorities changed since you originally moved into the home? For instance, if one of your goals was to become debt free related to credit cards and you haven’t achieved that yet then it might make since to remodel . On the other hand if you about to get a better paying job and the commute is an hour and half away it may make sense to sell.
Tip #2 Crunch The Numbers
Remodeling is the key to getting top dollar when you sell your home. If your home looks better than other homes of similar size and age in your neighborhood it only makes since that it will bring higher offers. It’s best to spend your time and money on the remodeling projects that give you the most bank for your buck such as kitchens and bathrooms. Estimate the total cost of your Dallas remodeling job and adjust how much you think you can sell the home for. If you’ve decided to sell and the numbers make financial sense then get that sign in the yard as soon as possible.
Tip # 3 Research Your Local Dallas Selling Market
The simplest and easiest way to search your local market is by contacting a local Realtor that is an expert in your neighborhood. This will save you a lot of time and be sure to let them know that if you ever decide to sell your home you will contact them to list your property. Things to be mindful about are, is there a lot of activity in your neighborhood? Are the prices of homes dropping or going up? What’s the average days on market for homes that have sold? When you’re armed with this type of information you can make educated decisions on what best meets your family’s goals.
Related posts:
