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Should you Sell your Home or Should you Stay?

This is a question that many people ask 3. Where do you want to go?
themselves when making a decision whether Do your research of the different areas
to sell or stay in their home. where you would like to live. Some areas
The first question you should be ask offer specific needs to singles, couples
yourself is: Why are you selling your or retirees.
home? 4. Where can you afford to move?
Are you selling because of relocation, Affordability is the key to this
retirement, divorce, or death? Consult a question. Take a look at the
local RealtorÂ(R) to give you a free possibilities by gathering information
Market Analysis of your home to give you about where it is you can afford to live.
an idea of value of your home. Once you Contacting Chambers of Commerce of cities
have established a motive for moving, and is a good way to start.
consult with a local RealtorÂ(R), refer 5. What about schools for my kids?
to the following tips to help you make Up rooting kids is going to be difficult.
that all important decision: You would like your home to be in a good
1. How much equity will I have once I school district. THE Chamber of Commerce
sell my home? has information about schools. Once you
Depending on how long you have lived in have that information call the school and
your home and how much return you have ask to speak to the PTA President. This
made will determine how much MONEY you person should know all the ins and outs
will have to buy a new home. of that particular school.
2. Do I want to use all of my equity? Remember this is a process and with every
This is a good question especially if you process there is an outcome. This can be
are planning on retiring soon. Always a roller coaster ride but the right
consult your CPA or Financial Planner as questions and the right resource
to what would be the best way for you to professionals your process should go
proceed. smoothly.




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