How to pick the best moment to sell your home
Deciding when it is the best moment to sell your home is crucial and can influence the end result! But, how do you find out when it is actually the perfect moment to sell your home? Well, if you pay attention to several factors, then for sure you’ll make the best decision!
Timing is essential, and there is no doubt about this! The decision to sell your home should be very well balanced. The perfect moment? Of course, the period of the year when the offer is low and the demand is high, should not be missed!
To continue, specialists in real estate strongly advise the following combination: an experienced real estate agent, a good timing and a perfect marketing! If you believe you have them all, then you should put your property on the market and wait for your buyer to come!
Here are the signs that should guide your decision! Things to watch out for!
Signs it is the best moment to sell your home
Your property could be the reason for your unhappiness and so you have decided you want to sell it. However, when it is the right moment to put it on the market? You don’t just want to get rid of it, you want to get the best deal too, right? So, taking into account all these aspects, follow these tips and tricks and make your decision easier!
Here are the factors that should guide you!
- Finances are good
Unfortunately, selling your property doesn’t only imply money transfer into your bank account. Why? Well, if you are selling your property then you are probably looking for something else to buy, a better match for you. Therefore, you need to think about your budget for your next acquisition! Can you handle it? Do you have what it takes?
From another point of view, once you’ve made up your mind, the next big step you have to take is to get the opinion of a real estate expert. He/she will give you an advised judgment on the current condition of the market and whether it is or not a good time to sell your home. A fact is certain there is no exact formula to predict the outcome! Even though it seems you have enough money for everything and you did your numbers, many unexpected surprises might arise. This is why you need a compatible real estate agent!
- The condition of the house
There is no doubt that one of the factors that should strongly influence the moment you decide you want to put your property on the market is the actual condition of the house. Otherwise said, your house needs to look at its peak when buyers get to see it. You need to do repairs, improvements or repaint it before you get a Realtor to help you.
By taking care of the house’s appearance you actually improve its chances to create positive reactions and in the end sell it faster! So, it should be no wonder to say that this is one of the first steps in selling your property!
- You need to sell in order to buy
Some say that one of the biggest mistakes that you could make is to buy before you sell. Why? There are many things that can happen and your property can actually stay for a longer period of time on the market than you had initially anticipated; therefore you may come face to face with a serious issue – not having the money that you were counting on. Thus, you should firstly sell your property and then prospect the market for another one. Don’t try to change what comes naturally, because the chances you’ll get disappointed will inevitably rise.
- Your neighborhood is booming
According to real estate specialists, if you have waited for the perfect moment to sell your home and your neighborhood is booming, then wait no more – this is the perfect time for you to start a new chapter in life. Get a skilled real estate agent by your side and begin all necessary procedures! You may not come up to this opportunity never again!
Start by researching the topic and understanding the process, your house may be sitting on a gold mine! You shall never know…
- You need a change
Lifestyle changes are one of the most common reasons why people want to sell their properties. Give yourself and your property some time before this moment in order not to regret it later on! Take it all step by step and enjoy it!
There is a variety of reasons why you need to move and the fact that you need transition is just one of them. No matter what is your reason that makes you sell your home, balance things wisely and keep track of the entire process. There is a lot at stake!
- You are obliged to move
Being obliged to do something doesn’t sound OK in any type of situation. But, if this is the reason why you have to sell your home, then try not to convert everything into a logistical nightmare! In this situation too, there are many reasons for which you are willing to take the next big step in your life. Whether you change jobs or because your family has a new member, a fact is clear – you need a new house that fits better for now! Want a bonus tip? Let things go smoothly and don’t rush – you may ruin everything!
- Your current home doesn’t fit your lifestyle anymore
If the property that you have now isn’t able to serve your needs no longer, then for sure you have thought for a long time that you need a change! Well, then take into account all important factors and get down to business! Even though, this is one big decision to make, pencil down everything and make a plan!
- Keep an eye on the market
Before you decide to sell your home and therefore put it on the market – you need to pay attention to your ‘direct competitors’. That is to say – other sellers with similar properties. Get a general overview of how your property is in comparison to the others – price range vs what you have to offer.
Moreover, see how the market is performing, how are market trends? Is this really a favorable time for you?
- Is the season important?
Yes, it is. It is said that the best periods to put your property on the market are during spring or summer, however winter and autumn has also their own advantages. In the end, it depends greatly on your own case – the market you have to deal with, the property that you have or the price you ask.
The moment you introduce your place in the market is vital, in other words, it is better to put your house on the market sooner rather than later. The reason? It is better both for buyers and for you too. More time on the market means more chances for you to sell it faster! Get the buyer, you are looking for!
- You just need another home
So, you’re ready for a different environment and your gut is telling you that now it is the time for you to sell your property. If everything ends up well you might get to see your dream come true. The chances of success depend both on the actual condition of the market, but as well on how you manage to handle the entire situation.
So, bottom line – there is no good or bad season to market your home. It depends on several factors, including your personal reasons and the stage of the market, but not necessarily on the season. How come? Well, you can get to sell your home no matter what the season is if the price is correct and your house is really in a top shape!
If you want to sell your house, firstly think about your reasons and if this is really what is best for you. However, don’t have expectations too high – you cannot predict a house sell. It depends on so many variables that you cannot possibly say when your dream may come true.
So, when is it the perfect moment to sell your house? When both you and your property are ready!
- Lisa Ross
Thank you, Beth! It’s great to hear that!
- James Kane
NOW is the right time if you are thinking of selling in the Denver Metro area low inventory causing multiple offers in a short period of time.
- Debbie Oulvey
Manhattan, Brooklyn and Queens are on fire! The cost per square foot is reaching levels beyond what any real estate professional could have dreamed. Rumor has it that an apartment is about to be released to the market with a price tag of $150 million . . . . and that is after a penthouse Unit at One57 sold this past December for over $100 million.
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Awesome! Lisa Ross is like a breath of fresh air. Many Thanks,
Beth Coppola Realtor