Many people encounter some hesitation when they are first thinking about selling their home. After all, you lived there for some time, and the decision of moving out of a comfort zone is not easy for most people.
If you’re on the fence, consider these signs it might be time to sell your home in Orlando.
Signs It Might Be Time to Sell Your Home in Orlando
1. Your Community Has Changed
When you moved in, it was a quiet neighborhood with only a few families. But now, there are major roads running through, a Superstore around the corner and way too many people and traffic. Worse, crime rates have risen, or the addition of modern homes has affected your property taxes. Do you live somewhere with a rigid HOA? If you don’t LOVE the neighborhood you live in, you might want to think about relocating to a location you will love!
2. You Seriously Need More Space!
It started off as your wife and yourself. Now after 2 kids with another one on the way , it’s time to move on. As you family grows, you will need more space….it is a given. Not just for people, but for all that additional stuff you have accumulated over the years! Or maybe you are working from home, and really need that office to be successful. Have you always wanted a dedicated playroom or man-cave? Whatever your reason, if you are stifled in your own home, and adding an addition isn’t feasible, it is time to go!
3. Empty Nest
On the other hand, if your kids have moved out and the house is just too big to take care of, it might be time to think about downsizing into a smaller home. Not only will the home require less maintenance, but you will save on utilities and other expenses. Offloading years off accumulated “stuff” can be a big stress relief and even put some cash in your pocket should you hold an estate sale. Time to unburden yourself and enjoy life!
4. Lower Your Taxes Through Capital Gains
Over the past few years, home prices have increased a lot in Orlando and Central Florida. By selling your home now, you may have the opportunity to earn up to $250,000 in tax-free capital gains provided you have lived in the home for the past two 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.
5. Spending More Time Driving To Work Than With Your Family
As Central Florida’s populations grows, 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. Moving closer to your job will save you time, money and lower your stress levels!