Sell your house! You're bombarded by ads every day. But how do you know if that's the right move for you? Our real estate agents would like to point out some indicators that the time may have come. 

• Rising Interest Rates
  The Federal Reserve is raising the prime, which will soon translate to higher mortgage rates. That will make it more difficult for buyers to obtain loans. The wise seller would get the house on the market as soon as possible to avoid a shrinking pool of potential buyers. If this describes you, it means you will also want to buy your new home quickly. Although you may face higher interest rates than your current mortgage, a significant down payment may keep your monthly payment manageable.
  
  
• The Commute is Killing You
  If your home is a long distance from your place of employment, the price of gas and the time spent in traffic may conspire to make your life miserable. If a new job isn't on the horizon, you might consider relocating. Imagine shaving two hours off your work day by reducing the drive. The money you save might make up the difference in a new mortgage.
  
  
• You Need More, or Less, Square Footage
  Looking to transition to a smaller house, a condominium, or a townhouse? There's a good chance that you can cash in on equity sufficient to make your new mortgage less than your current house payment. On the other hand, a cramped house isn't comfortable for anyone. You may find yourself wishing for more square footage. One of our Franconia homes for sale may fit the bill!
  
  
• You're Tired of Home Maintenance
  Newer construction can mean an end to the repairs and an opportunity to spend more time and money on furnishing the house according to your taste. Do you want to experience a new beginning with fresh paint, new fixtures, and a new view from the front window? A profitable sale and a great deal on a new place may mean just the change you have been looking for.
  
  
• The House Doesn't Suit Your Lifestyle
  The way people socialize has changed a great deal in the last few years. More people are entertaining at home than they have in decades. If your home is too crowded to entertain guests or the yard is too small for the garden you want, it may be time to leave it. Many people now work at home and need additional space to work that offers the privacy necessary for the job. Whether you need more room or an updated kitchen, it may be easier to buy a home that works rather than paying for an expensive remodel. 

No one can predict the future, but if recent trends continue, the time to sell and reinvest in a new home is now. But don't rush into a costly mistake. Take the time to review your finances, gather market data for the area, and weigh your choices thoughtfully. Rather than trying to study the market on your own, contact us for assistance. Our licensed professionals will help you gather the information you need to make the best choice.