- Look at overall household debt. For example, are you paying for any of your child's college bills?
- Get an agent to look at comps and give you a home price value opinion. An experienced agent will tell whether you have equity or not.
- Do you really want to sell, or perhaps turn your home into a rental? Many folks are thinking about the benefits of turning assets (like a home) into an annuity stream. If you can make the rental cash-flow positive, it's a great way to start building up retirement income.
Please contact me and we can run through specific scenarios. I'd be happy to help you plan this all out.
Only you can really answer that!
First, find out , realistically, what you can get for your home, and see if that puts you in the plus or minus column (based on what you paid in '05) once you factor in closing costs.
Local agents will be happy to create a market analysis for your home.
Do the numbers work for you?
Next, ask yourselves if you are ready to downsize right now........(they go to college, true, but still manage to find their way home! haha).
Whatever you decide - I wish you all the best!
low and will continue to stay that way for awhile. People are taking advantage of that! I would encourage you to put your house on the market as soon as you are ready!
Give me a call at 941-6788 to get a free market analysis of your home!