Millions of homeowners are asking whether this is a good time to sell their home. With house prices rocketing to record heights across the US and Canada, it may indeed be the right time to sell.
To figure out your house selling decision, think big picture about how your life will be if you move on. For many sellers, particularly baby boomers, the decision to sell now will give them funds to do whatever they want. And even for those in their 40s and 50’s, the money from the sale can elevate their lifestyle and create many nice options.
When home prices peak, there’s nowhere else to go but down, and fast. Waiting too long might ruin your plans and you could get much less. In fact, if your house isn’t in good shape, this spring and summer will be the only year you’ll get a ridiculous price for what really is a fixer upper.
The decision comes down to how you feel about selling and moving and whether you’re emotionally ready for something better. And it comes down to whether the price is right this year.
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