Should You Sell Your Home? 5 Crucial Considerations

Our take if you have been on the fence.

Apr 19, 2014 at 1:19PM
Blog Apr

If you've been paying attention to the news, you've undoubtedly seen headlines stating that real estate prices are on the rise. According toTrulia, most markets, housing has begun to bounce back and in a selected few metros, like Los Angeles,San Francisco, and New York City, the housing market isn't just bouncing back – it's booming!  So, if you've been on the fence, waffling about whether or not to sell, consider these 5 things:

Equity Advantage
During the housing bust, a huge percentage of home owners saw their equity evaporate as home values dropped.  Many even owed more than their houses were worth. No one wants to sell when it requires writing a check to the bank or listing as a short sale. And owners with equity definitely didn't want to list knowing that lower sale prices would have eaten it all away.  If you've been waiting to sell for this reason, chances are you now have a bit more positive equity in your home, thanks to recent market upswings.  Maybe now is the time to consider that long-awaited sale and hopefully walk away with some equity intact.

Too Big for Your Own Good
You've grossly outgrown your current home – the house you're in is either way too small after that 2nd or 3rd child, or an elderly parent has moved in.  If you're in a home that's too small for your immediate – and future – needs, this is the time to consider the jump to something a bit larger. Sale prices are solid, the spring selling season is upon us, and you can take advantage of current interest rates before they start to climb.

Incredible Shrinking Family
What if you've recently joined empty nester club?  Maybe your oldest child has headed off college, and you've realized it's time to pack up that extra bedroom and ditch all that square footage.  Selling now and downsizing has many perks – lower costs and less cleaning and maintence, to name a few – so go for it, and take advantage of a move that enhances your new lifestyle.

Interest Rates Could Light a Fire
Interest rates aren't going anywhere but up, so if you're wondering when it would be the best time to get a good mortgage for a new home once you've sold your old one, the answer is NOW.  Rates are at historic lows and aren't likely to go anywhere but north in the foreseeable future. Sell now, buy, and get in on those low rates for the long term.

Sell When You Need to, Don't Chase the Market
When it comes to selling advice, the bottom line is: List when you need to. If you really need to sell your current home for a specific reason, including job changes, divorce, children, health issues, marriage, etc., don't try and chase the market in either direction.  When you sell and subsequently buy another house, there's good news: if you're selling low, then you'll be buying low.  And if you're selling high, well, then you'll be buying high. It's a wash.  Come to terms with the current market, and sell your home for its current fair-market value.  And when you move on, be sure to buy a house you can afford, both now and in the future!

This article originally appeared on

Take advantage of this little-known tax "loophole"
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

©1995-2014 The Motley Fool. All rights reserved. | Privacy/Legal Information