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This is the big question, and I hear it all the time from sellers who aren’t sure when to sell. It may be an inherited house, a second house, a rental house or the house they live in. Here are some things to consider:
If the house needs work, you should sell now. You should sell now, because a small problem can lead to a big problem the longer it is left alone. You could end up with several times the repair cost than you originally had. A common example of a small problem turning into a big problem is how easily water damage can lead to mold, drywall damage, insulation damage and even electrical shorts.
Do you need money for your upcoming investment plans? You may be looking at a lengthy timeline between getting your home ready to sell, and completing the process of selling your property entirely. The process can take months. If you are in the market for a new investment opportunity, but need the cash for a down payment (or for anything), sell your house now!
Why are you waiting? If you’re waiting for an opportunity for the market to be healthier, you’re going to be waiting a while. If you don’t want to sell the house you live in without finding a perfect replacement first, start looking now. Whatever the reason may be, if you believe it is time to sell your house, your second house, or your rental house, sell your house now.