Deciding to Sell your Home: Tips for Canadians - dummies

Deciding to Sell your Home: Tips for Canadians

Part of Buying and Selling a Home For Canadians Cheat Sheet

Like most Canadians, you may find it hard to decide whether or not to sell your home. Even if you love your house or condo, you may have a good reason for selling — especially if it won’t meet your changing needs. If any of the following describe your situation, you’re probably ready to move on.

  • Location of your home is unsuitable. If you have a job offer in a great location with good long-term employment potential, or if you are ready to retire and look forward to the security and low maintenance of a retirement community, selling your house makes sense.

  • Your house is too small or too big. If you and your family need more space and you don’t want to renovate, or you can’t get a building permit to put an extension on the back of the house, moving is probably your best bet. On the flip side, if the last of your six kids has finally moved out of your seven-bedroom home, it may be time to down-size — before any of them decides to move back!

  • Life throws you a curve ball. After a traumatic event like a divorce or the death of a family member, you may simply want to leave bad memories behind. Take the time to review your financial situation and personal goals so you make a move that is right for you.