As much as you love your home, there may come a time when you start thinking: Should I sell my house?

According to the National Association of Realtors®, homeowners tend to stay in a house about ten years before they sell. Think that sounds shockingly short? Or way too long? The fact is, people’s time frames will vary widely based on their reasons for selling.

There are many common reasons—financial and emotional—that lead us to sell our current home. Plus, you don’t always see these reasons coming, so if you’re wondering whether or not to list your house, here are some telltale signs the time might be right for you.

It’s a seller’s market

Let’s start with one of the most obvious reasons to sell: It’s a seller’s market, which means you stand to make a nice profit on your property. You need to gauge the key indicators of a strong seller’s market.

A few signals: The price per square foot for real estate in your area is increasing, the amount of time properties stay on the market is decreasing, and you’ve noticed an uptick in brokerage activity in your neighborhood. (If you’re situated in an especially hot neighborhood, you might even get a letter or a knock on the door from a listing agent who wants to help you get in on the action.)

Local homes are selling for a lot

Check online real estate listings in your neighborhood, and pay attention to keep track of comparable home prices in your area. If other houses on your street with the same bedroom/bathroom count [as yours] are selling for a price that you’d be more than satisfied with, it might be time to make a move.

Another sign of a hot home sales market is the relationship of asking prices to sale prices. If home buyers are making offers fast—for as much or more than sellers are asking—it’s a seller’s market. A buyer may offer you a sales price you can’t refuse, too.

You’re financially stressed

Not everyone sells their real estate in order to pad their bank account. Some homeowners underestimated their ongoing housing costs and simply sell to ease their mortgage burden, or to cash in their equity and use it for other purposes.

If your property taxes or mortgage payments have become unmanageable, the best recourse may be to sell and find another home that’s more affordable. Selling your home is better than struggling with a big mortgage loan, and possibly risking foreclosure.

To breathe easy, your monthly housing costs, including your mortgage interest, principal, property taxes, homeowners insurance, and HOA or condo fees if applicable, shouldn’t exceed 28% of your gross monthly income.

Before you sell your home to reduce your monthly living expenses, make sure you can find another home to rent or buy in your price range, and that you can qualify for a loan at current interest rates when you do.

You’ve outgrown your home

The starter home you moved into when you were expecting your first child isn’t necessarily the house you need now that you have three preteens and pets. It’s bittersweet to give up the memories you’ve made in your home, but if your living quarters are causing you stress rather than comfort, take the leap and sell up.

Another factor may be other life changes, such as empty nest, relocation for a job, death, serious illness, or divorce.

You’re tired of home maintenance

The average homeowner shells out $2,000 a year for maintenance services. Not repairs, mind you, but scheduled services such as landscaping, snow removal, septic service, private trash and recycling, and housecleaning.

Sick of watching these payments steadily drip out of your bank account? You could sell, and buy some lower-maintenance real estate such as a condo or new construction. You might even want to try renting, and let a landlord worry about leaky pipes and other property hassles.

You’ve built up enough home equity

If you sell too soon—assuming you have a mortgage—you haven’t really built up any equity in the home beyond the down payment.

In the beginning, your mortgage payments are almost completely interest payments. In fact, unless the housing market is seriously booming, you might lose money when you sell. You might even owe more than you can get from your house after closing costs.

Bottom Line

Take your time deciding if you should sell, and then study the local home sales market with The Cal Yoder Team before you price your home. If you underprice your home, a buyer may snatch it up too cheaply. If you overprice it, the right buyer may pass it by.