LISTING YOUR HOME FOR

Financial Reasons

For many, a home and/or mortgage obligation can represent an enormous financial, time, and emotional burden – but it can also represent a tremendous store of potential value.

Should You Sell Your Home?

For many, a home and/or mortgage obligation can represent an enormous financial, time, and emotional burden – but it can also represent a tremendous store of potential value.  And we’ll discuss these two popular positions here.

Selling your home for Financial ReasonsMortgage is just too big

A home represents the single largest investment most people make in their lifetime. And it isn’t uncommon for most Americans to assume a higher mortgage than they can comfortably afford.  They often pin their hopes on inflation, employment stability, future income growth, and the payoff of other debts (like student loans) which would make a house payment more bearable as time goes on.

Even if the plan goes generally as planned many mortgage payments still find themselves adding tremendous financial pressure with each passing year. A tough mortgage payment will strain bank accounts, credit, time with family, and even a marriage.  So, it’s not hard to imagine what happens when things don’t go according to plan.  And here is where acting quicking may benefit you.

First, you need to remember that homes are sometimes slow-moving investments.  Both in appreciation and in liquidation – homes are not like stocks that you can sell in the morning and have the funds in your bank account in the next 1 to 3 days.  So if you sense trouble on the horizon, talking with a REALTOR® to understand the timeline involved may be key in mitigating any serious financial stress and concern.

RULE OF THUMB

Many financial planners suggest that your house payment ought not exceed 25% of your household income. Yet, most lenders recommend that your house payment ought not exceed 36% of your household income – and the average household finds itself near or above this limit with many in higher-end homes teetering close to 45%.

Equity and Other Debt

There’s a great chance your home has built up equity through the years. For some, it’s tempting to use these funds to pay off high interest debt, roll the funds over into less expensive home, or live out a dream like going back to school or traveling the world.  When you find yourself in a position of not having to sell out of pressure or necessity, it’s sometimes easy to procrastinate on the discussion – but since you’re here, you might be closer than ever in exploring this opportunity.  Here again is where speaking directly with a local REALTOR® may provide you with information on what your home is actually worth, an estimated timeline, and answer any of your questions that may help you understand the road ahead.

For many, a home and/or mortgage obligation can represent an enormous financial, time, and emotional burden – but it can also represent a tremendous store of potential value.  And we’ll discuss these two popular positions here.

Selling your home for Financial ReasonsMortgage is just too big

A home represents the single largest investment most people make in their lifetime. And it isn’t uncommon for most Americans to assume a higher mortgage than they can comfortably afford.  They often pin their hopes on inflation, employment stability, future income growth, and the payoff of other debts (like student loans) which would make a house payment more bearable as time goes on.

Even if the plan goes generally as planned many mortgage payments still find themselves adding tremendous financial pressure with each passing year. A tough mortgage payment will strain bank accounts, credit, time with family, and even a marriage.  So, it’s not hard to imagine what happens when things don’t go according to plan.  And here is where acting quicking may benefit you.

First, you need to remember that homes are sometimes slow-moving investments.  Both in appreciation and in liquidation – homes are not like stocks that you can sell in the morning and have the funds in your bank account in the next 1 to 3 days.  So if you sense trouble on the horizon, talking with a REALTOR® to understand the timeline involved may be key in mitigating any serious financial stress and concern.

RULE OF THUMB

Many financial planners suggest that your house payment ought not exceed 25% of your household income. Yet, most lenders recommend that your house payment ought not exceed 36% of your household income – and the average household finds itself near or above this limit with many in higher-end homes teetering close to 45%.

Equity and Other Debt

There’s a great chance your home has built up equity through the years. For some, it’s tempting to use these funds to pay off high interest debt, roll the funds over into less expensive home, or live out a dream like going back to school or traveling the world.  When you find yourself in a position of not having to sell out of pressure or necessity, it’s sometimes easy to procrastinate on the discussion – but since you’re here, you might be closer than ever in exploring this opportunity.  Here again is where speaking directly with a local REALTOR® may provide you with information on what your home is actually worth, an estimated timeline, and answer any of your questions that may help you understand the road ahead.

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Amy Watson

Amy Watson

REALTOR®

208.412.3665

amy@amywatsonrealestate.com

Amy Watson is a second-generation REALTOR® who was raised in the Treasure Valley.  She prides herself on ongoing personal and professional development. Past clients would tell you she prides herself on being accessible, responsive, current with real estate technology and trends, and a true professional. This all comes while offering a customized approach based on their unique set of needs. There is nothing better than seeing clients reach their financial and real estate goals. She enjoys becoming lifelong friends along the way. She will also throw in her dry sense of humor at no extra cost! Why not have fun!

Personally, she enjoys spending time with her family, two Yorkies, Millie and Hyde, and cat named Fuzz. She loves anything in the mountains (being married to a geologist makes this more fun), long distance cycling, traveling, snowmobiling, alpine skiing, and playing golf.

In addition to her real estate knowledge, she graduated magna cum laude from Boise State University in 2014 with a Bachelor of Business Administration and was recognized as the Outstanding Graduate in the marketing department for her leadership, academic excellence, and contributions. She says her education has allowed her to apply economics, analytics, business law, and finance among other important areas of business to real estate. She also volunteers time to her church and community.

Because of her ethical and professional approach to real estate, Amy has been a top producer of her local REALTOR® association since 2015 and one of the top agents in her home area of Middleton since 2016. She strives to be your “REALTOR® for Life” and promises to exceed your expectations.

Woodhouse Group Real Estate