Should I Sell My Home? 5 Things to Consider Before Listing
According to the United States Census Bureau, in 2019, more than five million houses were sold just in the United States. That rate took a sharp dive when the pandemic broke, but it’s been steadily recovering ever since.
As people have watched the housing market and the rest of the economy recover, a question has been on their mind. “Is this the right time to sell my home?”
Whether you put off your home sale because of the pandemic or have just recently considered selling your home, read on to learn about five ways you can make sure you sell your home at just the right time!
Is it Time to Sell My Home?
When people ask, “Do I need to sell my home?”, they’re often not sure what factors the should use to make a decision. A home sale is one of the biggest projects most people ever take on, so it’s important to get it right.
If you’re asking yourself, “Should I sell my house,” then it can take a great weight off your mind to find a professional to help guide you along the process.
1. The Best Month to Sell Your Home Is Sometimes Unexpected
If I were deciding whether or not to sell my house, conventional wisdom would tell me that I should sell my home during the spring months.
However, the thing about conventional wisdom is that everyone knows it. And if everyone is putting their homes up for sale at the same time, then the market gets crowded.
Since so many people are selling during the spring months, you can often find the best deal by selling during the winter months instead.
2. Watch General Market Trends
As we mentioned before, the housing market has been recovering from the blow it took from the pandemic. The bottom of that dip would have been a great time to buy a house.
However, the market is still trending upwards. You might want to wait a little longer so that you sell your home at its peak price.
3. Don’t Sell When the Mortgage Rate Is Wrong
While the market can be almost impossible to predict, anyone can read the mortgage rate. Check the mortgage rate every so often and sell your home when it’s nice and low.
4. Find a Time When You Can Dedicate Your Energy to the Task
In most projects, a little mistake here and there isn’t the end of the world. In home sales the stakes are high, though!
Make sure you can devote your full time to your home’s sale. It can make the difference of thousands of dollars!
5. Make Sure Your Home Is Ready for the Sales Process
Answering “Should I sell my home?” often comes down to, “Is my house ready to be sold?” Make any necessary repairs and renovations, and put a thousand dollars or so into curb appeal, and your home will be ready to go!
Once you’ve found the perfect time and way to sell your home, it’s important to make the most of your opportunity. More and more people are discovering how much better it is to find cash home buyers for your home.
Know Just the Right Time to Sell Your Home
We hope these tips help answer the question “When should I sell my home?” To learn more about real estate, check out our other pages!