Many people are having second thoughts when they first thought about selling their home. You might be wondering if should you sell your house or is it the right time to it? Read this post to know the signs it might be time to sell your home in Los Angeles.
6 Signs It Might Be The Right Time to Sell Your Home in Los Angeles
1. You Need More Space!
Did you add more stuff or perhaps there’s a new addition to the family? If you are feeling cramped and overwhelmed – then it’s time to move on. You will eventually need more space as your family grows. Not just for the person himself but for all of his stuff, too. Are you working from home and need an office to be really successful? Have you been dreaming of having your own man cave – but never had space? Whatever your reason is, if you feel you’re lacking space, then it’s time to go! it might be the right time to sell your home.
2. Empty Nest
Should you sell your house if your kids have all moved out of Los Angeles or if it seems too big for you, you may wanna think about downsizing this time to a smaller home. Good thing about that is, it will only require minimal maintenance, you will also save on utilities and taxes. Offloading years off accumulated “stuff” can be a relief and it can eventually put more cash inside your pocket. Cleaning a home and maintaining space can be burdensome as you get older and older.
3. Your Community Has Changed
When you first moved in, your neighborhood has only a few families. But now, there are major roads, coffee shops, more people and heavy traffic are there wherever you go. Crime rates may have also risen. The other modern Los Angeles homes have probably risen your taxes. Do you live somewhere with a rigid HOA? It might be the right time to sell and think about relocating to a location you will love If you don’t LOVE the Los Angeles neighborhood you live in any longer!
4. You Can’t Stand The Weather
Are you always complaining about the heat and humidity? Or maybe the cold and the snow in MAY! Are you sick and tired of all these? Well, nobody should live in a place where they are unhappy. Your home should be a happy place! Stop wasting your time and living in a climate that is not suited for you and you really hate! Now is the right time to sell and relocate to a place where you can call your happy place, all year round!
5. Capital Gains
Home prices have gone considerably in Los Angeles over the past few years! If you sell your home now, you get the chance to gain up to $250,000 in tax-free capital gains provided, of course, that you have lived in that home for at least 2 years. Does someone else own the house with you? If so, that number jumps to $500,000 that you can collect in capital gains… tax-free.
6. You Are Spending More Time Commuting Than With Your Family
Spending time with your friends and family is so important in maintaining your happiness. Commute times are longer than ever and people are spending hours a day in their vehicle or on public transport. In the long run, missing out on quality time, and feeling stress to get home before the kids fall asleep, aren’t the kind of memories most people want to make. Should you sell your house and move closer to your job? It will save you time, money, and lower your stress levels!