Are you planning to sell your house? Wondering whether you should hold the house or sell it in the near future?
We understand both sides of the coin. You want to know if it makes financial and personal sense to sell your house now. Will you earn a profit if you sell your property now in Lawton? What are the market conditions?
Also, is it possible for me to relocate to a different place? What is my current lifestyle?
Let’s explore these questions in this article and learn the best strategy to move forward.
What’s the Financial Situation?
Logically speaking, it doesn’t make sense to sell the house if you recently purchased or refinanced it. Because of the nature of the mortgage, you will initially pay the interest rate. That means you have not yet had the chance to build equity. Your property likely hasn’t appreciated a lot. Plus, selling a home costs you money. If you sell in the retail market, you will incur expenses, which will reduce your net gain from the transaction. According to one estimate, selling a house in Lawton can cost 16.5% of the sales price. That sounds like a lot of money, but it’s a fair calculation as you consider all closing costs (title, escrow, notary, and transfer tax), moving expenses, seller concessions, and staging costs.
Carefully calculate the cost of selling your home in Lawton. Many sellers overestimate the amount of money they can get from selling the property. A fair calculation can help you make an educated guess.
So before selling a house, you need to understand the cost involved. If you bought the house years ago, then the increase in the home’s value can cover these expenses.
What’s Your Current Mortgage Balance?
Carefully look at your documents and see how much do you owe on the house. You need to see if there is any early payment penalty or fees imposed by the bank. How much do you still need to pay?
How Much Is My House Worth?
You can answer this question in multiple ways. Maybe get a broker price opinion or get a home appraisal report. Your real estate agent can also help price your property in Lawton. Once you have an estimate, subtract the selling expenses and your mortgage amount. What’s left is the net amount that you will receive at the closing. Sometimes that amount can also determine whether you want to sell right now or would like to profit from your property in some other way (like renting it out).
What is the Cost of Holding My Property?
Selling expenses are one thing. Sometimes you’re living in a house that’s constantly disturbing your mental peace and requiring you to spend money. You must examine long-term considerations such as the actual cost of holding onto the property when making your decision to stay or if you should sell your house in Lawton. No matter how much you love your home, real estate is a significant investment; staying may not be the best solution.
You cannot ignore important repairs. Some homeowners just try to ignore costly repairs, thinking the problem will go away on its own. It does not happen like that. Neglecting your home will affect its value and result in a low price when you want to sell it in the future. You don’t want to ignore essential repairs that can effectively reduce your home’s value. It’s smart to look at your home’s condition, and if something requires immediate attention, you can sell it as-is or repair the house.
Selling Your House in Lawton
When you decide to sell your house in Lawton, we will buy it as-is for cash. Now you’ll have the opportunity to spend the money on something you’ll love. There are no commissions or hidden fees to come off the top of your profits at closing, either. You can skip all of the hassles of showings and open houses and go right to the closing table. The direct buyers at DHS Realty Group will compare what you’d earn from a traditional listing vs. our offer, which you’ll agree is fair. Our team is straightforward and honest, so you can decide the best method of selling for your situation.
We want you to feel good about the deal long after closing, so why not save time and money with a guaranteed closing with DHS Realty Group in a matter of days? Relax: if that’s a bit too fast, DHS Realty Group can set a convenient date for closing, so you can move on when you’re ready. You don’t even need to do a final cleaning; just leave what you don’t want to carry with you behind, and DHS Realty Group can handle it all. Call DHS Realty Group at 940-249-5752 or send us a message to learn more.