When should you think about selling your house? The time could make a huge difference when it comes to sell your home rapidly and for the most money. The terms on knowing the greatest time might not be what you expected. Read these four items to consider prior to listing your home.
1. Spring is not always the best time to list
Although it has been known that spring is the prime home buying time, this is not always true. People who sell their home usually net a higher amount of money than what you asked for throughout winter through early spring. The spring time usually means that there will be more homes on the market and more to compete with. You might be required to put an aggressive price on your house to appeal to a home buyer.
2. Research the current housing market
The US real estate market is strong and will play a huge role in the pricing of homes. A home’s price will increase three to four percent when the market is going well and the population grows. Until three years ago, the real estate market was getting back to normal since the recession at a more rapid speed at six point three percent annually.
3. Your mortgage rate is significant
History shows that more individuals purchase houses when interest rates get low. Potential home sellers need to pay attention to the real estate market because of this. If you need assistance with this, please contact our loan officers.
Click here for a simple guide to mortgage interest rates!
4. Hold off until your home is at its prime
Your house needs to be appealing inside and out in order to sell it for the highest price possible. You might be required to make remodels and repairs to your home. Anything that will affect your home needs to be fixed immediately. You appliances in the kitchen need to be working well, your pipes can’t leak, and anything that should be dangerous needs to be taken care of prior to getting your home on the market.
Keeping up with your neighbors is also an important thing to consider. If all the homes on your block are beautifully furnished and landscaped, then it is likely worth it to spend the extra cash and the time to primp your own house for sale.
Do you have a question about the best time to sell your home? Click here to contact the Ryan Grant Team today!
Courtesy of Cuselleration