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When to Sell Your Home
If you’re thinking about selling your home in order to upgrade, downsize, or just move to a different neighborhood, there can be several things to consider before putting your home on the market. The biggest factor to consider: when to sell your home!
Timing is everything, especially when it comes to selling your home. While many people think of spring as the home-buying season and equate it as the best time to sell your property, there have been some recent studies that say putting your home on the market in December, January, February, and March may fetch you a better price for your home.
There will be many properties that hit the market in the spring in order to meet the large buyer’s rush, which means you’ll be facing more competition and may feel the need to price your home more aggressively to attract people. It may be beneficial to put your home on the market a month or two before the spring boom in order to decrease the amount of competition you’ll face. It may even be smart to consider placing your home on the market during the winter -- a busy time for people who are relocating for jobs.
Home prices can also fluctuate with changes to the local economy. As long as the housing market is strong, your home's value generally increases by 3% to 4% a year. This trend is driven by inflation and natural population growth. It’s also important to know about mortgage rate trends. People are more likely to buy a home when there’s a decrease in mortgage rates.
Keep up with the changes and home maintenance that your neighbors are putting into their homes. In order to price your home well and get top-dollar, you want your home to be ready for the market. That means taking care of repairs, landscaping your home to have great curb appeal, and even making some cosmetic changes that will draw the eye of potential buyers.
It’s also important to consider what time will work best for you and your family to move and tackle the large project of selling your home. Our team is happy to take the stress out of listing your home, and we’re always here to offer our advice on when you should put your home on the market. If you have any questions, don’t hesitate to reach out to us.
Blog Archive2019-09-30 09:13:04
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