How to Decide if You Should Sell Your Home. People sell their homes for lots of reasons - and some reasons are better than others. Before you decide to sell, examine all your options.
Things You'll Need
- Local Real Estate Ads
- Real Estate Agents
List all the reasons you're thinking of selling your house. Do you want more room? Less room? A better neighborhood? To be closer to relatives?
Consult the real estate section of the local newspaper to determine if it is a buyer's or seller's market. If you have a choice it is better to sell in a seller's market.
Rule out other options before you sell. For example, talk to contractors and visit your local home improvement store to get an idea of how much adding on or making other remodeling changes might cost.
Look into rental prices in your area and consider renting out your home. A local real estate office or property management company can give you a good idea of what the rental market looks like, also, check the real estate ads.
Ask your banker if refinancing could make your mortgage payments more manageable if your current house payment is a concern.