Are you in the market to sell your home?
If so, there are a few things to consider before you list…from timing and your financial portfolio, to your home’s equity and down payment.
Here are a few things to consider before you list your home:
Upsize or downsize. Baby on the way or the last child headed to college? Changes like that make it a good time to consider a new home.
Debts and savings. If you’ve reduced or removed non-mortgage debt and have up to six months of expenses saved, you’re in a good place to buy a home. Having an emergency savings is always important, and especially when considering a buying or selling a home for those unexpected surprises.
Home equity. If your home equity is at least at 20%, you’re also in a good place to buy a new home. Having 20% down (or more) on a home allows the removal of PMI (private mortgage insurance) which could save hundreds of dollars each year.
Home improvement. Even with luxury homes, plan for a reserve of money for expenses in home improvements. From updating paint colors to refreshing landscaping and outdoor living areas, it helps to have a home improvement savings.
- before you list
- financial plan
- Geist Luxury Living with Kim Troyer
- hire a pro
- hire a Realtor
- Keller Williams
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- selling a home this spring
- selling a luxury home
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- selling your home this spring