Perhaps you’ve been contemplating selling your house in Fort Myers. Unsure if now is the right time? We’ve compiled a list of questions to assist you in deciding whether it’s the ideal moment to sell your property in Fort Myers!
What is the property doing for you?
Your house should be doing one of these things:
- The home is your primary residence, somewhere that meets all of you and your family’s needs.
- It is a house you rent to high-quality tenants. It provides a consistent income with low overhead costs.
- You use the property for recreation. Maybe is a place for vacations or a weekend home.
If your home is vacant or costing you in repairs or tenant turnover, it might be time to consider selling it!
Is there another property that would better meet your needs financially?
In the world of investing, they call this “Opportunity Cost.” What property are you potentially missing out on because your money is tied up in a different one? Take a look at what’s out there. Is there a better place you could be investing your money? Maybe the house you are looking to sell has been a rental property that has been nothing but headaches. Maybe you have had tenants who were always late paying rent or maybe months where they did not pay. You need to look at the profit and loss statement to see how much this house has been making for you as a rental property? How much rate of return or also referred to as ROI your return on investment.
Do you have “too much house?”
Homebuyers often purchase properties based on their current needs. For example, a family with multiple children may seek a 5-bedroom house. However, as circumstances change, the need for such a large space may diminish. Maintaining a home that exceeds your current requirements can lead to unnecessary stress. It’s essential to find a property that matches your lifestyle without being overly high-maintenance.
Or do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they often require more space. Imagine what having a little extra space could mean for you and your family!
Is this really the house you want to be in forever?
Who says you have to stay in one place forever? Real estate offers the flexibility to move whenever you please. Consider your future. Do you envision staying put, or is a change of scenery in your plans?
Does the house need repairs?
Maybe the house is old and is in need of repairs you simply don’t want to make. Making repairs on a house you don’t really want can not only be expensive, but stressful and burdensome too. Many of the houses we have purchased are owned by people who live out of State and do not have access to local contractors or trades to get repairs done timely. Other owners we work have owned their house as a rental property and after years of different tenants require a lot of expensive repairs to get it into move-in condition for the new owner. You can choose to work with a reputable direct buyer such as Sell My House Now USA, who will buy your Fort Myers house as-is. We will take care of everything, including the property’s repairs.
Do you have equity in the home?
If you are able to sell your house, pay off your mortgage, and have some left over to put down on a new house, selling might be right for you! If you are able to get at least 20% down for your new home, even better! If you would like to know more about the current value of your home, call us for a complimentary CMA (comparative market analysis) on your property! We have licensed real estate agent’s on our team and access to the local MLS. (239) 360-3176
What is owning your Fort Myers house costing you?
Have you calculated your total monthly expenses for owning a home in Fort Myers? Home ownership costs extend beyond mortgage payments. Don’t forget to factor in expenses like taxes, insurance, and maintenance to get a comprehensive view of your financial commitment. You need to remember that while you are waiting for your house to get sold you have to pay to have the grass cut if you do not do it yourself. If you own a pool, you have to continue to pay to have the pool cleaned and serviced. If a major appliance or your AC breaks down or you need major service while you are waiting for a buyer come along that expense is coming out of your pocket.
If you’ve been contemplating selling your property in Fort Myers, now may be the perfect time to make a move! Timing is crucial, and there isn’t a one-size-fits-all solution. Take the time to weigh your options and choose the best course of action for your unique situation. Our dedicated team at Sell My House Now USA is here to provide guidance and address any queries you may have. Reach out to us at (239) 360-3176 today!