Emilie Broughton Real Estate Blog

Is Now the Time to Sell Your Home?

 

The red-hot housing market is causing homeowners to stress over whether now is the time to sell a house.  Home prices are high and the inventory of houses has remained low.  Buyers are competing in bidding wars.

Here are some variables to consider when making a decision.  There are several cost issues that could erode any profit and when you sell your house and you can become a frustrated buyer as you seek a new home because the same housing boom that raised the price of their current home has also raised the price of their prospective one. You need to take into account everything you are going to spend when you move.

First, you need to calculate the sunk costs.  If you have in your home only a short time, there has been less time to recover transaction fees, closing costs, realtor fees furnishings purchased for the house, and upgrades. You also need to consider the impact of the sale on state and local tax rules.  You need to keep documentation of any upgrades.

Those in the best position to sell are those selling investment properties or vacation homes as they won’t need to replace their primary residence.  Drop me a line and I am happy to discuss!

This entry was posted in Blog, Real Estate.
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About Emilie

A transplant from the Pacific Northwest, Emilie has first-hand knowledge of the ins-and-outs of first-time home ownership and remodel. She has become involved in the local art community and all the diversity Southern California has to offer.

Emilie’s passion to be involved in her community led her to become a licensed Realtor and Broker.  She continues to educate herself with different aspects of real estate to support clients with a variety of needs.  She is certified as a Military Relocation Professional (MRP) to work with U.S. Service families and veterans to find affordable housing solutions.

Having worked for both a small boutique firm and a company with a global presence, in 2023 she formed Emilie Broughton Real Estate to work with buyers, sellers, landlords and tenants in California and New Mexico.

Emilie represented her region as a California Real Estate State Director for three years.  She has served as President of the Pasadena Foothills Association of Realtors and is a seven-time recipient of the Five-Star Real Estate Professionals Award for the outstanding service she provides to her clients.

Emilie Broughton Broker I Owner DRE#01880930
RBFB, Inc. DBA Emilie Broughton Real Estate, California DRE #02222069
New Mexico QB License Number REC-2022-0478