Over the past few months, it seems as though we can’t turn on the news without seeing a story that focuses on the hot real estate market. While seeing “For Sale” signs on your street go up and down again in what appears to be a matter of days may have you thinking now is the time to make a move, it is still important to chat with your Realtor about what to expect your return to be on your home sale.
There are many factors that determine the amount of money you stand to make (or lose) on your home sale, including the state of the market when you purchased initially and any renovations or repairs that have been done (or need to be done).
Scheduling a yearly home investment review to look at where these things stand can give you a much better understanding of what you stand to gain or lose on a sale. Even If you are not planning to sell, knowing how much money you have tied up in your home can lead you to make more sound financial decisions related to your future.