Home > Tag Archives: selling a house

Tag Archives: selling a house

4 Ways to Know When to Buy or Sell a Property

4 Ways to know when to buy or sell a property

It doesn’t matter if you are a professional renovator or a young couple about to purchase their first home, buying or selling a property is a big deal. Aside from the financial investment, generally people are emotionally attached to their properties. Whether you are in the market for a new house or feeling ready to sell off an investment property, it is all about timing. So how do you know when the time is right? Read on for some ideas on how to spot the opportune moment! 1. The market is favorable If you are already planning on buying or selling and there are no urgent factors affecting your decision, be sure to do your research. While this may seem obvious, a favorable market can be more difficult to take advantage of than you expect. There are many factors to consider: do you have to sell your existing property and look to purchase at the same time; is location a key contributor to market forces; and are you buying and/or selling in suburbs that take advantage of these forces? Do you understand the current market in depth and how it will affect your position? Of course, a reliable real estate ...

Read More »

Would You Sell Your House If It Meant Debt Freedom?

debt freedom by selling our house

I swear being middle aged has sent me into considering all sorts of financial schemes to pay off debt and become financially independent. First, we were going to try and pay off our house within 5 years. Then, I felt an urge to sell everything and live in an Airstream trailer. Those ideas were probably a little ambitious or just plain nuts, but I can’t shake the seed of an idea that has grown into a real possibility as the housing market is starting to pick up where we live. We could actually sell our house and make enough money to pay off one of our rentals and buy a smaller home outright, which pretty much means debt freedom forever. Should we sell our house to pay off debt? Being the financial blogger that I am, any big decision needs a list of pros and cons, so here we go. Yes, You Should Sell That House! -We owe about $150,000 on our home mortgage. Our house appraised for $375,000 a couple of years ago.  With sales in the area, we could get our appraisal price, but to be conservative, I’d say that we could count on $350,000. That leaves $200,000 ...

Read More »