Selling your home?
The Prescott area has many opportunities to downsize, trade up, or find another great neighborhood!
There are many reasons people sell their homes. You might be ready to trade up into a larger home. You might be an empty nester, looking to scale down and retire. Or you might be just looking for a new community. Whatever your reason for selling, Prescott is a great place and the surrounding area might draw just the right person looking to buy your home.
Do any of these apply to you?
- You’ve outgrown your home. Sometimes it doesn’t take long for first-time homeowners to outgrow their ‘starter’ homes. A growing family is a common reason for selling a home.
- Homeowners outgrow their homes in other ways as well. Flourishing careers, successful business adventures, or an inheritance can mean selling your current home in order to buy a bigger, more expensive, and more impressive home to go along with newly-acquired wealth.
- Homeowners looking at the expense, time, and labor of large-scale maintenance projects like a new roof, siding, or HVAC systems may opt for selling instead. It may make more sense to sell then spend the big bucks especially if you’re facing multiple repairs.
- Some homeowners like a challenge. Binge watching home improvement shows has motivated many owners to update, renovate and reinvent their homes. Are you ready to sell your recently renovated home in order to search for another fixer-upper?
- Families are definitely a reason to sell your home. Homeowners, especially grandparents, often move to be near their ever-growing collection of irresistible grandbabies. Aging homeowners often want to be closer to relatives.
- Retirement communities with patio-style homes requiring little maintenance and offering recreational facilities and social opportunities are becoming more and more attractive. These planned adult communities are luring long-time homeowners into selling their larger, more expensive, and more demanding properties in exchange for the easy life of retirement.
- Do you have a lot of equity in your home? If you bought during the last recession, your home’s equity has no doubt increased dramatically and that doesn’t include renovations and improvements you’ve made over the course of time. The more equity your home has, the more net income you have to apply to the down payment of your next home. Some advantages to a higher down payment include lower interest rates, no private mortgage insurance requirements, and better financing options.
In a very recent survey by real estate information giant Trulia of a small sampling of 2,000 U.S. adults, it showed that more than 400 of them from ages 18 to 34 are planning to buy a home within the next 12 months. Are you ready to put yours on the market?