Sioux Falls, South Dakota 57108, United States
MARKET EVALUATION - SHOULD I SELL MY HOME?
Don Dunham III Real Estate offers No Obligation Evaluations
Are you wondering if it is a good time to sell your home? Ask yourself the following questions and we will let you know:
Have you built equity in your current home?
Start by checking your annual mortgage statement or reaching out to your lender to learn the amount paid down to date. Generally, the first years of a mortgage do not build large amounts of equity as the monthly payments largely go toward interest. However, if you have owned your home for 5 or more years, you likely have significant and unrealized gains.
Has your income or financial situation changed?
If you are earning more money, you may be able to afford the costs of moving along with a higher mortgage payment. However, if your income has decreased, it may be in your best interest to downsize. Either way, we are ready to help!
If you are having trouble making the monthly mortgage payments and are concerned about foreclosure, do not ignore the situation; contact your mortgage lender. Your lender wants you to keep your home and has various options to help during difficult financial times. Re-read your mortgage loan documents to refamiliarize yourself with the lender’s role. Read up on foreclosure prevention, law, and timeframes. For additional information on foreclosure prevention, check out hud.gov.
Have you outgrown your neighborhood?
It may be that you would like to be closer to your job or in a better school district. Perhaps the neighborhood you picked when you purchased the home is not the same as it once was, or you simply want to settle down in different surroundings.
Is remodeling or adding on not an option?
Sometimes you can create a larger home by adding a room or building up. But sometimes your property limits you, your municipality will not allow it, or you’re simply just not interested in remodeling. Whatever the case, we can help you live comfortably in a more spacious home.
Is the effort and cost of maintaining your current home becoming difficult to manage?
Whether you are looking to downsize or transitioning to single level living, we can help you decide if a smaller house or perhaps a condo would be more appropriate. The progression from an overwhelming living environment to stress-free easy living is more attainable than you think!
Are the current interest rates attractive?
Low rates help Buyers get “more” home, which makes the selling process more efficient and ultimately more profitable. Contact us today to learn why we have been seeing so many Buyers who are just waiting for a property like yours.
Are we currently seeing a good housing marketing?
Affordable mortgage rates drive an increase in home prices which bring Sellers like yourself an even higher return on investment. According to recent market statistics we are seeing some of the highest increases in equity in the past 3 years, averaging 12% to 16% on home sales.
Sell Your Home
View a comprehensive list of registered and licensed home inspectors in Sioux Falls.
Home Seller Resources From Don Dunham III Real Estate Realtors®
The following articles are a great place to start if you're looking for information about the sales process and how you can get more for your home when you decide to sell:
Seller Services
Selling your home? Our Realtors® , located in Sioux Falls, SD, will ensure that your home gets maximum exposure through newspapers, Realtor magazines, Multiple Listing Services, local cable and the internet. Don Dunham III LLC Real Estate can also assist in all areas of your relocation.