When Is the Best Time to Sell Your Home?
Selling your home is a big deal. There are several factors to consider, such as whether you are emotionally ready to part with your home, finances involved with closing costs, and potential remodel projects, to name a few. Next, if you decide to proceed forward with selling your home, you should consider the local market conditions. Finally, if everything else is lined up, then you’re ready to pick a season to put your home on the market. The time of year you sell your home matters!
Emotional, financial, and home preparation
Selling your home can be an emotional process because memories are often tied to physical spaces. Before selling your home, make sure you are confident in your decision and connect with a real estate agent who will simplify the process for you. Next, check your financial status. Agent fees and unexpected concessions may eat into your budget. Price your home accordingly, so you’re financially ready to sell your home. Finally, if you have some extra cash, it may be worthwhile to do some easy home improvement projects. A quick remodel in a few rooms can raise your home value, so it’s something worth considering! Be sure not to do anything too costly because it may be difficult to get the money back in the sale if the remodel is expensive, but fixing up a few rooms is worth the small investment.
Local market condition
When selling your home, consider if your local market is a buyer’s or seller’s market. A buyer’s market is when supply exceeds demand, so there’s more inventory on the market. Selection is more plentiful for buyers, and homes usually sell for less than they would in a seller’s market. A seller’s market is when demand exceeds supply, so there’s not a lot of inventory available, and there are many buyers interested in one home. In a seller’s market, sellers can receive multiple offers above the listing price. If you’re selling your home, it’s in your best interest to sell in a seller’s market, but you can still be successful in a buyer’s market. Like everything else in real estate, it really depends on the specific situation! View current market reports here.
Picking the right season to sell your home
Historically, homes spend the least amount of time on the market in the spring and summer months. People are more likely to buy a home when it is nice out, as opposed to on a cold, snowy New England day. Staging your home and creating curb appeal is the easiest to do in the spring. You can simply add some flowers to your yard and fix up the lawn. Summer is also a good time to sell because families may want to move in before the school year begins. Sellers should shoot for selling in the warmer months, but they can still find success in the fall and the winter when working with the right agent. If you decide to sell in the winter, here are some tips and benefits of doing so.
Ready to sell your home? Contact Century 21 North East
Are you emotionally and financially ready to sell your home? Do you have a general idea of when you would like to sell your home? Connect with one of our knowledgeable CENTURY 21 North East agents to learn more about selling your home today! We can’t wait to assist you.Visit Our Sellers Resource Center