Is it a good idea to sell the house?

With continued supply shortages and high buyer demand, now is a good time to sell your home. And with interest rates rising, it may be better to sell sooner rather than later, if rates increase much more, some prospective buyers may stop buying a home.

Is it a good idea to sell the house?

With continued supply shortages and high buyer demand, now is a good time to sell your home. And with interest rates rising, it may be better to sell sooner rather than later, if rates increase much more, some prospective buyers may stop buying a home. Selling a home for cash is a quick way to avoid the hassle and stress of setting up a home, showing it, making repairs, and juggling competing offers. However, most cash buyers won't buy a home for more than 75% of the home's value, minus anticipated repair costs.

Selling a home for cash is easier, but at a significant financial cost that should be considered. Clearly, selling your home when you have a negative net worth is a bad deal. Getting to a break-even point in selling your home is better, but it's still not great. If you're in either situation, you shouldn't sell your home unless you're trying to avoid bankruptcy or foreclosure.

The house will still be there, and you (and the housing market) could be in a better place to sell by then.