INDUSTRY INSIGHT
REAL ESTATE
SPONSORED CONTENT
When is the
Right Time to Sell I
Your Home?
f you are like many homeowners, you are not living in your
“forever home.”
You may be keeping one eye on your home and the other eye
on the housing market, contemplating when to sell and move to the
next home. Here’s how to know when it is a good time to sell your
home.
Current home no longer fits your needs
Maybe you moved because you were expecting a baby and
needed more room, but now your “baby” just went off to college and
suddenly your cozy home feels extremely empty. Perhaps you just
got a job across town and the commute is too much, or now you work
from home and want a change of neighborhood. Regardless, when
your home no longer fits your circumstances, it is a clear sign that it’s
time to think about selling.
Current interest rate is high
Right now, interest rates on mortgage loans are at historic lows. If
you are carrying a mortgage on a home that has a high interest rate
attached (and especially if a refinance won’t fix this enough), then it is
a good time to sell.
The market favors the seller
Shifting trends is the one thing you can guarantee from the real
estate market. Some years it will be a buyer’s market and in others it
will be a seller’s market. If you’ve been considering a move and the
real estate market now favors sellers, you might as well throw your
house in the ring and see what you bring in!
Currently it is a seller’s market; real estate is limited and homes are
in demand. Interest rates are low and the market is strong. Whether
you choose to sell and just rent for a while, or you decide to buy
another home at a low interest rate, it is a win-win to sell and get out
of that higher rate.
Mortgage is paid off
Once your mortgage is paid off, every dollar you earn over what
you paid for it is pure profit. Few people enjoy the great feeling of
being debt free, but if you sell your home after it is paid off and
pocket the profits, you can be one of them.
There are no unacceptable reasons to sell your home; there are
only reasons why now is the right time for you.
This Industry Insight was written by Jane Siddons Herrmann.
About Me
JANE SIDDONS HERRMANN
Full-time, well-respected, multi-million-dollar producer with expertise in Fox Chapel/
Pittsburgh, utilizing exceptional marketing systems, cutting-edge technology,
industry networking, skilled negotiating and quality customer service. Committed to
consumers achieving their buying and selling goals! Passion for work also relates to
living and growing up in Fox Chapel, raising kids in the area and community pride.
www.janeherrmann.com
My Certifications, Awards & Memberships
• #1 Fox Chapel Office Realtor in 2015
• Member of the TOP 5 in Real Estate,
representing the Fox Chapel area
(national real estate recognition)
• 2015 Pittsburgh Business Times Realtor
Award
• 2015 Pittsburgh Magazine Realtor Award
• Accredited Buyer & Seller Representative
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Fine Homes Specialist
New Construction Specialist
Certified Residential Specialist
Staging Expertise
Company’s Rookie of the Year, 2000
Chairman’s Circle
Quality Service Certification
5 Star Zillow Premier Agent
Fox Chapel Area | Winter 2016 | icmags.com 31