I get this question all the time. What is the best time to sell my home? Well, let me say, timing can be everything when it comes to selling your home. This depends on both personal and market factors. When it comes to selling your home fast and for the most cash... a few things need to be considered. Here are five factors to help determine the best selling time!
1. Get ahead of the Competition
Most people think the best time to list your home is from April to June. But if you want to beat the competition, the best months will actually be December to March! If your property is already on the market before things start to ramp up in Spring, your home can stand out.
2. Know The Market, The Local Market
The overall housing market will play a huge role in how much home prices range. But a lot of markets don't follow the national trend. So it's even more important to also follow your local market trends! If you have any questions about your local market, ask your Realtor!
3. Mortgage Rate Trends
Historical data shows that more people buy homes when the mortgage rates are low. Makes sense right? If you were buying a home, wouldn't you want to look when the rates are the lowest? Keeping an eye on those rates can really help to sell your home fast. If your time is right, the buyers will be motivated to buy!
4. Your Home Condition
Taking care of any and all leaks, infestations and non-functioning appliances is a huge necessity if you want to sell for top dollar. Keeping your home "Show-ready" during the entire selling process gives you huge brownie points. As well as all safety hazards!! If your home has any unsafe areas, the potential buyer may drop out after the home inspection.
5. Are You Personally Prepared?
Most people put their home on the market during changes in their personal lives. These can be anything from changing jobs to your kids changing schools. There are many reasons someone may want to move, but you need to figure out if your reason is a good reason. Selling your home can be a very stressful time for a lot of people. Take time to truly think about if this is something you really are ready to do.
1. Get ahead of the Competition
Most people think the best time to list your home is from April to June. But if you want to beat the competition, the best months will actually be December to March! If your property is already on the market before things start to ramp up in Spring, your home can stand out.
2. Know The Market, The Local Market
The overall housing market will play a huge role in how much home prices range. But a lot of markets don't follow the national trend. So it's even more important to also follow your local market trends! If you have any questions about your local market, ask your Realtor!
3. Mortgage Rate Trends
Historical data shows that more people buy homes when the mortgage rates are low. Makes sense right? If you were buying a home, wouldn't you want to look when the rates are the lowest? Keeping an eye on those rates can really help to sell your home fast. If your time is right, the buyers will be motivated to buy!
4. Your Home Condition
Taking care of any and all leaks, infestations and non-functioning appliances is a huge necessity if you want to sell for top dollar. Keeping your home "Show-ready" during the entire selling process gives you huge brownie points. As well as all safety hazards!! If your home has any unsafe areas, the potential buyer may drop out after the home inspection.
5. Are You Personally Prepared?
Most people put their home on the market during changes in their personal lives. These can be anything from changing jobs to your kids changing schools. There are many reasons someone may want to move, but you need to figure out if your reason is a good reason. Selling your home can be a very stressful time for a lot of people. Take time to truly think about if this is something you really are ready to do.
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