It is not easy to decide if you are ready to sell your home. If you’re not sure what to do, consider these signs it might be time to sell your home in McAllen.
6 Signs It Might Be Time to Sell Your Home in McAllen
1. Family grows!
If your family is growing or a family member had moved-in, you may be feeling claustrophobic. It’s time to move on. As your family grows, your kids will need their own space. Or maybe you are working from home now and need an extra room to use as your home-office. Have you always wanted an entreitaining room but have never had enough space? Whatever your situation, if you cannot renovate your current quarters, it may be a sign that you need to move.
2. Empty Nest
On the other hand, if your kids went off to college, or the house simply feels too big to clean, it might be time to think about transitioning to a smaller house. Too much cleaning? Lots of yard work taking all your free time? A smaller place can be an answer. Not only will the home require less maintenance, but you will save on utility bills and property taxes. Moving is a great occassion to unload years of accumulated “stuff” you still have “just in case” – you may not really use anymore.
3. Neighborhood is Not the Same
When you moved in, it was a quiet neighborhood with orange tree orchards all around. But now, there are major roads running through, big stores in town, and people and traffic everywhere! It takes a while to get from one part of town to another. Remember when we could go from one part of McAllen towards the North and there were just orange trees everywhere? Maybe in some parts crime rates have risen, or the addition of modern homes has affected your property taxes. Do you live somewhere with a strict HOA? If you don’t LOVE the neighborhood you live in, you might want to think about relocating to a location you will love!
4. Weather Affects your Health
Do you find yourself always complaining about the Valley heat and humidity? Need to do something with alergies? Live is too short and we are better off living in a place that will make us happy. Stop wasting time living in a climate that you aren’t suited for. Maybe now you can perform your work remotely and you don’t have to live close to your office? Years go by fast… so you may make up your mind and decide if it the time to sell, and relocate to a place where you can enjoy the weather year round!
5. Capital Gains
Over the past few years, real estate prices have gone up considerably in McAllen. By selling your home now, you may be able to collect up to $250,000 in tax-free capital gains provided you have lived in your 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. Check with your real estate attorney on the latest tax code to take advantage of the tax code.
6. Commuting Time
Spending time with your friends and family is so important in maintaining your happiness. If your job is far away and you spend too much time on the road, you start neglecting family and friends. All those precious moments will not come back. In the long run, missing out on quality time, and having the satisfaction of eating a family dinner or catching the basketball game are important decisions to consider. Relocating to a place closer to your job will save you time, money and let you enjoy your daily life.