Every home owner who has considered selling their home have asked themselves ‘is now a good time to sell?’ This is an age-old question that really has several answers. Deciding to sell your home can be determined by looking at a number of factors. For every home owner, the answer may be different. Read on below to see if now is a good time to sell for you and your family.
The Realtor Perspective
To begin, let’s look at the realtor perspective. From a realtor’s standpoint, there are many factors to consider. A realtor will suggest you place your home on the market if there is a big demand in the area for homes of your type. If the demand is there, then you should no problem selling your home. Based on seasons, the best time to sell according to realtors is in the spring. During the spring months, your home can look fresh and inviting. Also, it is a time when families are looking to move, so that they can have a new home by summer, being able to settle in before a new school session begins.
By speaking with a realtor, you can find out if you should wait until spring or if the time is right to sell your home based on recent comps or local demand. You may find that they already know someone looking to buy and you can sell right away!
As the Home Owner
Because you are the home owner, you must look at your personal perspective. Perhaps you simply cannot wait any longer to move due to a new job or the need to move to a new state. In this case, now is the right time to sell. Maybe you need to try and sell quickly to downsize and have a smaller mortgage payment. If so, then you should try to sell as soon as possible so that you can make the move. It is important to consider if you are financially ready to sell or if you should wait.
Also consider the state of your home. Are there repairs that need to be made? You want to make a great first impression of your home to potential buyers and sell your home for the highest amount possible. This may mean waiting a few months to paint, make repairs and spruce up the landscaping in order to list your home for a higher sale price. Your realtor will be able to recommend changes that should be made in order to get the most money for your home. Take such recommendations to heart as your realtor is only trying to help. Many home owners feel criticized when suggestions are made as to what should be changed.
So while you should look at what your realtor suggests overall, you should also consider your personal needs. If you feel that you should list right away then do so. If you can take time to get your home in order, then choose to do that. Remember this is your home and you make the final decisions. Choose wisely so that you can sell your home as quickly as possible and move on to your next venture.