Could you be ready to put your property on the market?

Whether you’re thinking of upsizing, downsizing, or relocation, you may be tempted to put your property on the market. While many people know the clear signs of wanting to buy a home, being ready to sell a home can be entirely different. It’s an important point to consider since selling at the wrong time can cause trouble for years to come.

The decision to sell your house doesn’t all depend on market conditions. Here are a few signs that you’re ready to list your property.

• You’ve got equity on your side. For most homeowners, being financially ready to sell your house comes down to one factor: equity. Selling your home when you have negative equity is a bad deal, which is called a short sale. Breaking even on your home sale is better, but making a profit is even better.

• You can cash-flow the move. Don’t get so carried away by the excitement of your next home that you forget to account for the cost of moving. Closing fees, hiring professional movers, and new home decorations are part of purchasing a property. If you don’t have enough cash to handle these fees, it’s best to wait until you have saved up.

• You’re emotionally ready to sell. If the numbers show you’re financially ready to make a move, that’s great! But remember that selling your home is an emotional issue, too.

We can help you to secure the right homeowners insurance for your property. Contact the professionals at Lloyd S. Berkett Insurance Agency, located in Los Angeles and serving the globe.