When Should You Sell?
If you’re thinking about selling your home, you may be wondering when to do it. Should you wait for a particular season? Take a temperature on the market? The options can often seem overwhelming.
The best time to sell a home is simply when you’re ready. This might be due to a need to relocate, or perhaps you’ve outgrown the space in your current home and you need to trade up or down. Maybe you have a brand new empty nest, or a baby on the way. When the time is right, you will likely feel it.
Of course, market conditions also play a role in when you should sell your home, as do seasonal conditions. For example, your chances of getting top dollar for your home are more likely in a seller’s market, when demand outweighs supply, than in a buyer’s market.
Local and national economic factors also may dictate when to sell. If a major employer in your area is laying off workers, it may not be a good time to put your home up for sale. People will be cautious about buying when the future seems so unpredictable or bleak.
When you’re looking at the timing of a home sale, consider the spring. This is when the largest number of potential buyers hit the market. Your home is likely to sell faster and at a higher price, although sales begin to pick up as early as February and start to slack off in July, often the slowest month for real estate transactions.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
|Christina Tompkins Wright
Berkshire Hathaway HomeServices Hometown, REALTORS