moving packing boxes

Selling your home is a major life choice that involves your likely most important asset.
We asked experts what the perfect time is for people to sell their home.
They told us six of the biggest signs that it’s time to put your home on the market.
Visit Business Insider’s homepage for more stories.

Your home is probably your most valuable asset.

So how do you know when it’s time to maximize your return on that very important investment?

Unlike buying and selling stocks, your home carries a ton of emotional baggage, so it’s not simply a matter of buying low and selling high.

“Selling a home is never really a market-driven issue. It’s a lifestyle decision,” Holly Mellstrom, associate broker with Julia B. Fee Sotheby’s International Realty, told Business Insider.

We asked Mellstrom and financial planner Marc J. Lane for their advice on when the perfect time is to put your home on the market.

Here are their six biggest signs that it’s time to sell your home.

SEE ALSO: 8 essential, low-budget renovations that will make your home more appealing to millennial buyers

DON’T MISS: 7 things the average person can flip for a profit

Your family is outgrowing your current home

Urban-dwelling families with young children have a lot more to consider than closets bursting at the seams and tiny apartments chock-full of baby gear.

A neighborhood that was great for a couple or a family with small kids may not be quite so desirable when it’s time to start thinking about school.

“The number one reason why people sell their home is that they’ve outgrown their space because their family is getting bigger and they’re shopping for a school district,” Mellstrom told Business Insider.

The mortgage and taxes on a bigger home may be intimidating, but so is private school …read more

Source:: Business Insider

      

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