Deciding to sell your home is a huge decision that you should not be taken lightly. You don’t want to question your decision or fear you will make a mistake that might cost you in the end. While there are many things to think about before listing it, the time of year (and time in your life) should be a top consideration. Here’s a few other points to think about before selling your home to determine whether or not there is a perfect time for you.
Consider your personal finances
Especially when it comes to buying or selling a home, you must consider your own current personal finances first. This just might be the most important first step when deciding is selling your home now is the perfect time. Yes, real estate trends will come and go, but personally there might be a right or wrong time to sell. Ask yourself the following questions:
Am I obligated financially to sell my home?
Do I need to sell now or can I wait until the market improves?
Will I need to invest some money to get my home ready to sell (can I afford home improvements, hiring a real estate agent, etc.)?
Do your research of home sales trends
There are many online resources that report home selling and buying trends. These sites can help give you a better idea of the best time to sell. For example, historically we know Spring is the best season to sell your home to maximize your return and minimize your home’s time on the market. This trend could help you decide when to sell your home, but keep in mind trends vary year to year and may not a guarantee that your home will sell during a specific time.
Research your neighborhood’s home sales
You may not realize this but the homes in your city, state or even neighborhood may peak during a specific month or season. Doing research to find our when the homes in your area historically peak in sales might help you consider listing your home during that time. It’s always a good idea to sell your home when home sales in your area tend to peak so you have the best chance of selling your home for the best price possible.
Make best choice for you and your family
Selling your family’s home will impact all family members. Above all, consider what’s most important for you and your family when deciding to sell. If you have children, timing should be taken into consideration. For example, you may want to list in the late spring and move out by the time your children are on summer break to prevent any hiccups in their school year. Sometimes this isn’t feasible especially if you are transferring jobs to a new city or state. The best thing is to keep in mind yourself, your significant other and your family, because selling a home just as much a personal decision as it is a financial one.
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Selling your first home can be very stressful and emotional, but when you have an experienced, top-producing agent on your side, you are more likely to have a smooth and successful home sale. Contact one of our agents today to start the process of finding your forever home!
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