Great for you - buying three years ago most likely means you have a good amount of equity built into your home - even without the upgraded kitchen.
But here are my questions - in order of importance:
Are you happy in your home?
Does your home meet your current needs?
If you sell, will you be buying in the same general area (eg San Diego County)?
If you sell your home, happy with the return due to appreciation and upgrades, then go buy a new home in the same county, chances are that home also increased in price over the last 4 years. Also, with the increase in sales price, your most likely going to have a higher tax bill, so factor this in to your equation as well (always speak to a tax professional).
Hope this helps!
Voted BEST Service 2012
Whether you should sell your house depends on several factors....You don't provide much information as to why you're thinking of selling. Do you need to move for work? You bought low but will it be a short sale? Do you need to sell due to financial reasons? Do you just want to change location? The reason(s) you are thinking of selling would determine if you should sell or not.
If you don't mind to leave sub stand property and bring them up to today standard during your stay. Then sell your home now if your home make a lot of equality.
you only entitle 500K without paying tax if it is your primary home. so why not take such advantage.
It seems like you love doing a lot DIY stuffs.
We call this homeowner flipper.
Give us a call and I also can show you what you can do. because we do this too much.
Many great answers here, but so many questions left to be answered. I offer a complementary home valuation, no strings attached. Should you be interested in this service, please let me know and I will help inform you so that you make an informed decision for you and your family. That being said, my associate has a client looking to purchase in your neighborhood, and there could possibly be a fit.
I am an a open book and a wealth of knowledge, feel free to email, call or text me with questions.
To gain insight as to who I am, how I conduct myself and how I take great care of my clients, please refer to my recommendations on Trulia.
Neal I. Akin
The Akin real Estate Team
Coastal Premier Properties
I can probably show you some comps that will get you top dollar for your property. The only thing is -- do you have something to go to?
Nancy S Bergman
Realtor - Cal BRE #01893550
Keller William- Carmel Valley
12780 High Bluff Dr #130
San Diego, CA 92130
Cell (858) 617-9449
Email - firstname.lastname@example.org
David R. Indermill
Re/Max Hall Of Fame, CDPE | Since 1998 | Luxury Real Estate Advisor
International Referrals | Bank Owned Assets | Off Market Properties
Large Cash Investor Fast Close Network | B.R.E License # 01232827
Cell: 858-414-LIST (5478) Texting OK
I recommend you sell if you want to capture the equity as cash, or roll it into another home. Lock in the historical low 30 yr fixed rate loan and cruise on autopilot. The day rates start to climb, it will become increasingly harder to qualify and will slow down appreciation.
Dave Liesch, Realtor
Summit Realty Group
I was just speaking to a friend of mine last night and I told him the "bottom" was late 2009 from what I can see. On top of that the last year has seen about a 10% increase....about the biggest in 7 years. In fact the market is so perfect for a Seller because demand is high and inventory is EXTREMELY low. I will be glad to give you an accurate value on your home and tell you how you can possibly get even MORE than market value. Frederick Remick 619-519-3287
It sounds like you need some up to date information on the current market conditions, taking into account the work you have done on your house. I am happy to send you a complimentary comparative market analysis to help inform your decisions. If priced and marketed properly, a home listed in today's market will sell VERY quickly, for top dollar. Low inventory and great rates have turned this into a seller's market, if you have an experienced realtor working for you.
Are you an investor? If you're in the business of flipping, you should know the answer as to whether you should sell. If you're successfully flipping homes, you're probably working with an agent who is giving you counsel on what sells in a particular neighborhood, where good values can be found and assists with marketing.
If you're someone who is thinking of moving up to a larger home, then you should discuss this with an agent, who can perform an analysis on the market value of your home.
In either case, you need an agent. There is not enough information you have provided to give you an answer. This discussion is better conducted one-on-one with a professional whom you can share information with so you both can agree on a course of action.
Best of luck.
of Longmont, CO
The next couple of years are predicted to stay relatively flat here in San Diego. If jobs, the economy, etc were ont the upswing, I would suggest holding off if you can.
So, I suggest you speak with a trusted Realtor who will help you determine what is right for you and your family. When in doubt, I believe these are family decisions. If you can improve your circumstances by selling, then go for it. If not, then it's better to hold off.
I'm always available for a free consultation.
Finding out the Real Market Value could sway Your decision, no doubt. I would either pay the $400 for an appraisal or call the Real Estate Help Line and get a Free Home valuation. 1.888.951.2929
Lots of factors will go into this decision. Your best bet is to check with a real estate agent as to what the current value is and what the price of the home you may be thinking of moving to would be.
Good Luck and Feel Free to Contact me Directly, I would love to assist!
The Value of X is the amount you can Buy another Home, place into a Savings Account earn Interest, etc.
Call me if you have any Questions.
Don Alexander REALTOR
1st Prime Realty
Ca.Dept. Real Estate Lic.01456248
Get out while you can. This is getting serious now.