Have you ever considered a move to Albany, New York? Albany is located two and a half hours north of New York City and is situated directly between the Adirondack Mountains and the Hudson Valley. The cost of living in Albany is lower than the national average and most cities in the state. Albany houses for sale are selling quickly and are currently a seller’s market, which means there are a lot of qualified buyers in the marketplace and not enough homes for sale in the market.
If you are on the fence about selling your home, don’t be. Now is a great time to sell a house, and things can change quickly: no one knows when the market will flip. Below are five reasons to sell your house today.
1. Family is growing
If your family is growing or your older kids are leaving the nest, it might be time to sell the house. Use the profits to buy a larger property to fit your expanding family or, if you’re becoming an empty-nester, downsize and put the sale proceeds straight toward retirement.
You may have bought your home at a lower cost when the neighborhood wasn’t so popular. However, you can earn a considerable profit if you put your property up for sale when your location has become popular among home buyers.
You have a limited time to sell, so market heat matters. It’s currently a seller’s market – homes are selling fast, and you’ll likely get more than one fair price offer, especially if you have strong curb appeal and the type of market-ready home people want.
If you’ve been in your current home a while, it’s likely to have increased in value, and you may be near paying off your mortgage if not having paid it off completely. Buying a smaller, cheaper property will give you a lot of money left over to use for whatever you wish. Downsizing to a smaller home means less maintenance, lower bills, and more time to do the things you love.
If homes are selling quickly in your area, it means demand is high. Currently, in some areas, homes are selling within a few days of hitting the market and selling for thousands above the asking price. When demand is high – higher home prices are as well. That’s an opportunity to increase your return on investment and really bring in some profits. Use the money to boost your retirement savings or buy a larger move-up property instead.