Several factors go into selling your home, timing is one of the most important. Unfortunately, the best time to sell your home or property isn’t spelled out in black-in-white.
Despite the popularity of high demand selling, it might not be the best time to sell. Before you list your home, consider the following additional factors that affect your final sales price.
Factors That Affect Your Decision
Timing for your home sale also depends on the following factors.
How Much You Owe
Before you do anything, find out what your loan payoff is if you have one. This gives you a better idea of what to expect during the sales process. Closing costs, taxes, and agent commissions should also be factored into the costs.
Sales price listings of comparable homes in your area
What are similar homes going for in your area? How does your projected asking price stack up to these estimates? Consulting with an estate agent prior to listing your property enables you to determine how long your home will likely sit on the market if you hope to get your asking price.
The location of your property has a direct effect on the timing of your listing. In some markets, school districts for example, its best to list your home during the spring and summer months. Vacation properties might also do better in the spring. Consulting with a professional provides greater insight into the best timing.
The condition of your home
Is your property ‘sales’ ready? If renovations are needed, then it might be best to wait to put your home on the market. Factor in time for cleaning, making repairs, and selling off any unwanted or unneeded possessions as well.
Making a Decision
Analyze these factors and get professional advice to guarantee that your home sells quickly and easily regardless of when or where you’re selling.