Have you been considering selling your house but you are not sure when to do it? If you have been on the fence, this article will help you decide which side to jump. The decision on whether to sell your house is based on both the market conditions and your personal situation. Consider these things.

1. Your home does not fit your lifestyle anymore

Does your home fit your everyday needs? Maybe you could use another bedroom or a bigger lounge. Sometimes it could be that the house has become too big for you; probably the kids have moved out. In such a situation, it is advantageous to sell your big house, buy a smaller one and invest in the extra cash. Whether you are sizing up or down, always ensure that the mortgage is within your budget.

2. You can afford to move

Do not get carried away by the thrill of moving into a new house such that you forget to factor in the cost of leaving the present house. Always assess your financial situation first before you make any move. Determine the amount you will require to move and cater for home improvement expenses like a new coat of paint and enhancing the curb appeal. The new house might also demand countertops and new appliances, especially for the kitchen and the bathroom. Ensure that you can afford all these.

3. You are out of debt with cash in your account

If you had not put your finances in order the first time you were buying a house, you have probably learned a few things along the way. All you need now is a fresh start to exercise your lessons. Start by considering your finances. Makes sure you have cleared all your non-mortgage debt. If you are good to go, you may sell your house and get ready to buy another.