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The decision to sell your house can be a momentous one. You might have toyed with the idea several times in the past. However, when it came right down to it, you decided to defer the decision.
Difficult as it might seem, taking the decision to sell your house is probably the easiest part. It marks the culmination of the point where you move from thinking about selling your house toward taking practical steps to sell the house.
According to this report from Move, Inc. Prices of homes continued to appreciate along with the inventory levels for the first time in three years. That too, without any stimulus from external economic factors. This means that the real estate market is currently experiencing an upswing.
As mentioned earlier, deciding to sell your house is easier than managing all the tasks involved in selling your house. At the outset, you need to consider various aspects before you sell your house. Then, you need to prepare your property and make it neat and tidy, so that you can stage or present it effectively to any buyers that come calling. Negotiating the deal and closing it and taking care of all the formalities marks the conclusion of the entire process.
By this time, you might be desperate to culminate the journey that began with what was — at the time — a difficult decision to make. Or, do you plan to engage the services of a reputed real estate brokerage firm? How did you arrive at this valuation for the house? Is it in line with comparable properties in the vicinity and current market trends?
Do you think that you can market your house effectively enough to attract prospective buyers? Contrary to what many people might tell you, there are no good or bad times for selling your house. People looking to purchase homes remain on the lookout for a worthwhile property throughout the year. Traditionally, the volumes peak during the months of good weather conditions i. This is because people want to be in their new homes before school begins.
In addition, people usually purchase new homes in spring because they want to use their tax return for making a part of the down payment. Similarly, volumes of home sales are at their lowest during the winter months. Some realtors often claim that the Holiday Season i.
There might be some truth in that. For example, when people generally check out a property, they prefer seeing it in fine weather. Not many have the gumption to drive on slippery roads, whilst being buffeted by strong icy winds. However, anyone can go through emergencies. Corporate relocations take place throughout the year too. On the other hand, if you put your house up for sale during the traditionally good home shopping months, you might have more buyers approaching you.
In addition, buyers might pay more for your house as well. However, when the demand is higher, the competition intensifies too. As a result, buyers also have more options to consider. Besides, real estate and mortgage professionals are also at their busiest, so you might not get their undivided attention. In short, closing a deal could take much longer during the peak season for home sales. You will also receive the complete attention of your brokers and agents, as not many people consider selling their homes during the Holiday Season.
When the supply is low, the demand is sure to be higher. In addition, the prospective buyers you get will be more committed to making a purchase. Everything has its pros and cons. Therefore, sell your house when you have to. If you have the option of timing it to your liking, consider the months or the seasons or any other factors before listing your house.
In short, there is only one worst time for selling your house i. That is when property values usually depreciate instead of appreciating. Read More Thinking of buying a new house after you sell? Want to understand more about buying and selling, supply and demand, and the market? Take our Fundamentals of Economics A course! You may also be interested in other ways you can invest your money and see higher returns. You can start by reading the Introduction To Investing which will give you the basics into investing.
Skip to main content. The Worst Times to Sell a House. Here is a list of factors to consider when you decide to sell your house. Here is a handy reference of the best and the worst months and seasons for selling a house. The Worst Times to Sell a House 5