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                     Selling your Home

 

 

 

                                                                                                              When’s The Best Time?

 

When you are selling your home, you should know when the best time to do so is.  Not all times of the year and all years are ideal for individuals that are looking to sell.  Knowing when to act can help you to find the home that you want to live in and sell your home as quickly as possible.  There are many things that go into selling a home.  Knowing when to sell can help you to make sure that everything gets done and you get the best offer for a home. 

One of the most important questions to ask yourself at this point is "How much time do I have to sell?" The answer to this all-important question will dictate much of your course of action, including the asking price and how aggressively you need to market the house. Timing, coupled with current market conditions, is probably the two most critical factors to consider.

The quicker you need to sell your house, the less flexible you can afford to be. After all, you don’t have the time to wait around for your asking price. Conversely, if you have an ample amount of time, you can sit back and wait for that perfect buyer to come along. Also, the simple rules of supply and demand apply here. If the market is tight and demand exceeds supply, prices go up and you’re in good shape. However, if a lot of people are selling and supply exceeds demand, prices will go down and there is some negotiating to be done.

Of course, the market works in a cyclical fashion. Slow periods are usually immediately followed by faster sales and higher prices. If the current market is especially slow and you are in no rush to sell, it is probably a good idea to ride it out and wait for an upswing.

When you are selling, buyers look at several things about a home.  If they see that the home has been on the market for quite a while, they just naturally assume something is not right with it.  It could be that it just hasn’t been advertised well.  Or, it could be that the home has nothing wrong with it.  For this reason, it is ideal to know when to put the home on the market.

People start looking for homes in the spring and into the early summer months.  In many cases, it takes about two to three months to actually get into a home once all of the financing is going.  People usually would like to be settled into their new home before the kids start school in late August or early September.  If your school system is year around, look for the periods of breaks to be heavy moving periods.

People also want to move while the weather is decent.  Not many people want to be lugging furniture around in the dead of winter.  Again, spring, summer and into fall are the best times for this.

As for which years are the best to sell a home, this has a lot to do with the interest rate that a home buyer can get.  When rates begin to fall, people start buying.  If you are waiting for a period of heavy buying, for example a seller’s market, you will want to watch for interest rates to begin to fall.  Yet, this can take time and may not happen for a long while. 

Selling your home at the right time helps it to sell fast.  It can help you to get into your new home without worrying about this one selling.

 


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