Is it the right time to sell your house? We can’t answer this question right away. Life happens, and every individual has different circumstances.
There are two perspectives on this question. The first thing is the market condition. Do you want to know about the local real estate market? You want to know if selling your home now makes sense. In other words, is it profitable to sell your house now? Will you see ROI? What is the year-on-year growth in the local real estate sector? Are the home prices going up? Is there demand? Is it’ a buyer’s market or a seller’s market?
Finding answers to this question helps you sort out the strategy. The answers also depend on the individual situation. For example, when did you purchase your property? How many years have passed? How much do you owe on the house?
Your personal profit depends on home’s condition and the amount owed. You can sell your home for a higher price if you add value by renovating it. Proper maintenance can also get you a great price. Similarly, if your home has suffered from neglect (or harsh weather conditions), then the chances are that the value will drop slightly. We need to look at your home’s condition to help you decide. For personalized help, reach out at 940-249-5752 and we can discuss whether it’s the right time to sell your house.
What is Your Home’s Condition?
In some cases, selling a house becomes mandatory. We buy houses in distressed condition in Lawton. We suggest selling your home if it has suffered from water damage, smoke damage, or fire damage. Repairing structural damage is expensive, and selling makes sense.
Let’s say you have owned the house for last 35 years and now the essential systems are reaching the end of service life. You will need to replace the roof and remodel the house. That might involve updating electrical wiring or appliances. You might need to update the insulation as the climate is changing worldwide. That’s a lot of work required to sell your house.
Keeping that home without maintenance results in a price decline. Your house has appreciated in the last 35 years. If you continue to own that home without making repairs, then you won’t see a price increase. Selling is the right step if you don’t have the resources to remodel your house. You can simply sell to a direct buyer and enjoy a cash price offer.
Selling your home is the right decision when there are code violations. Let’s say you bought a house with unpermitted work or your contractor did some work without getting proper permits. In both cases, you will pay a penalty, which can vary from area to area. Selling a house with unpermitted work becomes challenging even in the future. In that case, you can opt for a quick sale by contacting a direct cash buyer. Real estate investors provide excellent resources for selling distressed homes. If your home violates the local code, you can still sell it to an investor.
Call us at 940-249-5752 to discuss your options if you want to sell your house now.
Cramped
Has your life outgrown your home? That’s a sign that it’s time for you to sell your house in Lawton. Whether your family has grown or you have refocused your activities around the home, you may find you need more space. Perhaps you need an area for homeschooling or a dedicated workspace; if you can’t renovate your home to fit, selling and moving into a better fit is a wise choice. When you work with a professional home buyer, like those at DHS Realty Group, you won’t need to worry about clearing out your cramped space because you don’t need to prep for photographs or showings. And don’t worry, if moving everyone and everything out of your cramped space in a few days sounds a bit too fast, just talk about making arrangements; we can be flexible with scheduling the closing.
Too Much Space
Another sign telling you it is time to sell your house in Lawton is when your family has grown and moved out while you’re still carrying the expenses of owning space you no longer require. By downsizing, you can save on utilities and housing costs, putting more funds into your retirement savings. If you’d like to work with a professional to sell your home but want to save the commission for yourself, consider working with a professional home buyer. At DHS Realty Group, we use simple-to-read, straightforward contracts with no hidden fees to come off at the closing, and you won’t even pay closing costs.
Neighborhood
Perhaps you are not thrilled about how the rules have changed for your HOA, or you simply want to be nearer to a new job in Lawton. Whenever you feel unhappy about the location of your home, that’s a sign that it’s time for you to sell your house in Lawton. When you sell directly to a professional home buyer like those from DHS Realty Group, with our quick and easy process, you could live in the neighborhood of your dreams in a matter of days.
We are a part of your community here in Lawton. We buy houses in Oklahoma. If you’re interested in selling your home, call us today. Our friendly team representative will call to understand your needs and will get back to you with a fair cash offer.