Harold (Buddy) Pope's Blog
You may have been thinking that you’d like to sell your home. You probably want to sell it at the right time and you want to go about it for the right reasons. There’s so many different that you may want to sell your home that you probably haven’t even thought of.
There’s Not Many Homes To Choose From
If there’s a lack of inventory on the housing market, it’s a great time to put your home up for sale. Certain times of the year have lower inventory than others, so you may want to consider the fall and winter as a prime time to sell. If you know your home is in a great location, or has little work to be done in it, you’re probably going to want to sell sooner rather than later if you have been contemplating the idea in a low inventory market.
Remember That Spring Starts Early
Especially in warmer climates, “spring” is a relative term and can start as early as January. People will start their searches online early in the year and the demand for homes only becomes more crucial as the year goes on. The earlier the listing, the better chance the home has to stand out on the market, even if it doesn’t sell right away. In fast moving real estate markets, it may not matter what time of year you sell your home. If the demand is there, you have a great chance to sell the home.
The lower the price point on a home, the faster it will generally move off the market. First-time homebuyers want homes and they want them fast. when your home is priced lower, it’s probably going to move a bit faster no matter when or where you’re selling it. Buyers are always looking for a good deal.
Interest Rates Affect Home Sales
If there’s rumors that interest rates will rise in the coming months, buyers will be on the hunt for a home. That’s when it’s a good time for you as a buyer to put your home on the market. When buying power for those searching is high, you’re better off selling because you’ll get a lot of interest. Your home will leave the market much faster as well.
The Decisions Is Yours
Selling your home is not a small decision. You’ll need to find another place to relocate to. Your kids may have to switch schools, and your lives can be a bit disrupted in the process of moving. If you think the time is right to move, you can keep the above suggestions in mind in order to make the entire process a bit more seamless for you.