20 Apr When is The Best Time to Sell A House
Finding the best time to sell your house can help you increase the sale price and avoid some of the stress. Here are some tips to help you decide when is a good time to sell your house, both financially and emotionally.
People lean towards shopping for homes when the weather gets warmer, so preparing to sell your home in the winter months is understandable. Spring is typically the most popular time to buy and sell. Luxuries like having tax refunds in hand, nicer weather in the forecast, and school’s summer break coming up push more people to buy or sell homes. The same reasons typically apply to home buying in the summer with warmer weather, school breaks, and simply having more hours of sunshine.
In the early fall, some buyers may be trying to get settled before the school year picks up or before the weather gets bad. Winter is traditionally the slowest season for home sales.
The Optimal Housing Market
If you are looking to sell your home, you want to keep your eye out for a seller’s market. A seller’s market happens when there are more potential home buyers than there are available properties for sale. It’s ideal to sell your home in this market and can expect it to sell quickly.
Low Mortgage Rates
Lower mortgage rates motivate new buyers to purchase homes. Lately, mortgage rates have been at a historic low but have slowly started to rise. The higher the rates, the farther a buyer’s budget has to stretch to get the home they want.
Local Job Growth
If your local job market is growing, it’s a great time to sell your home! There are likely job hunters or recent transfers actively searching for properties in your area.
Tax incentives on purchases improve home selling odds. While there are currently no major federal tax incentives for first-time home buyers, potential sellers should keep track of local, county, and state financial news, as incentives and tax laws can make it easier for potential buyers to become homeowners.
The most important and best time to sell a house is when it is best for YOU. All kinds of personal factors can play into your decision to sell such as:
Lifestyle changes such as job changes, relocations, growing family, and downsizing are common reasons people choose to sell. Job-related moves usually have a stricter timeline; however, family related moves are potentially more flexible and allow you to take advantage of beneficial market factors.
Make sure you are emotionally prepared to sell your home. In situations like recent empty-nesters, it can be hard to let go of the memories associated with your family home.
Maybe your home has gained substantial equity. The value you’ve built might help with a down payment on the home of your dreams or comfortable cushion for retirement.
If you are looking to sell your home, we may be a great buyer for you. We pay cash for your home in as-is condition. Contact us today for a no-obligation quote.