When you buy a home, think about selling it

Though the last likely notion on your mind when you are purchasing your new home is selling it, realtors advise that you consider the resale potential of any home you aim to buy.

If you are confident that you will never move again or that life will never throw you a curveball, resale value may be low on your list of considerations. However, considering a home’s resale value before you sign the purchase papers may work toward your advantage in the event circumstances change and you find yourself in the seller’s seat.

If the home you are purchasing is in great shape and located in a desirable neighborhood, you may have no problem selling it down the road, should you need to. But, if it was on the market for months before you came along and saw its potential, pause and ask yourself a few questions.

Will you be able to fix any flaws in the home while you are living in it to increase its future resale potential?

Does the home’s neighborhood show signs of improving or deteriorating in years to come?

How does the home rank in relation to other homes in the neighborhood? Is it in worse shape? Better shape? On a busy corner? Across from a school yard?

Consider the factors you cannot change about the home. Though they may not be deal breakers for you, consult with your realtor about most home buyers’ wishlists. Don’t let today’s new home be tomorrow’s burden.