Should you Sell your Home or Should you Stay?

This is a question that many people ask themselves3. Where do you want to go?
when making a decision whether to sell or stay in theirDo your research of the different areas where you
home.would like to live. Some areas offer specific needs to
The first question you should be ask yourself is: Whysingles, couples or retirees.
are you selling your home?4. Where can you afford to move?
Are you selling because of relocation, retirement,Affordability is the key to this question. Take a look at
divorce, or death? Consult a local RealtorÂ(R) tothe possibilities by gathering information about where it
give you a free Market Analysis of your home to giveis you can afford to live. Contacting Chambers of
you an idea of value of your home. Once you haveCommerce of cities is a good way to start.
established a motive for moving, and consult with a5. What about schools for my kids?
local RealtorÂ(R), refer to the following tips toUp rooting kids is going to be difficult. You would like
help you make that all important decision:your home to be in a good school district. THE
1. How much equity will I have once I sell my home?Chamber of Commerce has information about schools.
Depending on how long you have lived in your homeOnce you have that information call the school and
and how much return you have made will determineask to speak to the PTA President. This person should
how much MONEY you will have to buy a new home.know all the ins and outs of that particular school.
2. Do I want to use all of my equity?Remember this is a process and with every process
This is a good question especially if you are planningthere is an outcome. This can be a roller coaster ride
on retiring soon. Always consult your CPA or Financialbut the right questions and the right resource
Planner as to what would be the best way for you toprofessionals your process should go smoothly.
proceed.