By Kim Buish

You’ve been watching the news about the Real Estate market and have been thinking about selling your Houston Texas Home all year but aren’t sure if now is the right time for you to sell or not.

Although most Realtor’s and analysts will tell you different reasons why you should sell your home, here are four real signs that you can look to for knowing that now is the right time for you to sell your Houston area home.

You Paid Off Your Non-Mortgage Debts

One of the best positions you can be in is to have zero non-mortgage debt and money in the bank; if this is the case with you then NOW is a great time for you to sell because, you’ve mastered the art of managing your finances and could move up to a bigger home, or downsize and potentially buy a smaller home for cash.

Another important reason to pay off your non-mortgage debt is that this will help you to lower your debt-to-income ratio and ultimately make it easier to pay your mortgage and expenses which come with owning a home.

You’ve Built Equity In Your Home

After the recent collapse of the Real Estate market almost nobody had equity in their homes; but that’s changed, and as of 2015 and most people are no longer underwater with their mortgages.

If you have at least 20% equity in your home you should consider selling your home, then using the equity to buy another home because, putting down 20 percent means you will avoid having to pay Private Mortgage Insurance (PMI).

What is PMI? The PMI payment is usually paid monthly as part of the overall mortgage payment to the lender. Over several years of paying on the loan and once the borrower has paid enough towards the principal amount of the loan (to cover the 20%), they can contact their lender and ask that the PMI payment be removed. Source - Investopedia

Your Family Has Outgrown Your Houston Home

Yes, you can outgrow your home, especially if you have children, this is the perfect time to start searching for a bigger home with more bedrooms and bathrooms or an office, bigger garage or possibly space for a yoga studio.

Tip – Even if your children have already grown you should consider buying another Houston Texas home which is in a great school district because, this will help the resale value of your home.

You Can Afford To Move

Last of all, but most important, you have at least $2,000 saved and are able to afford hiring a professional moving company to help you move.

You’re going to want to hire a moving company because, they will make your transition from one home to the other a lot easier plus a moving company will save you money as well since you won’t have to make multiple trips back and forth between homes.

Contact Me

To learn more reasons why you should sell your Houston Texas Home, or to view homes for sale, contact me today by calling (713) 819-1642 or CLICK HERE to connect with me through my website.