If you’re looking to sell your home, timing it perfectly can be tricky. Obviously, you want to wait until the market is right, but there are also several other factors that come into play.
Based on your reasons for selling – it’s not always ideal to wait for the perfect market conditions. For example, if you’re moving because of a job re-location or increase in family size, you may want to put your home on the market as quickly as possible. If your motives are solely financial and you aren’t in a hurry, you have the luxury of being able to wait for the market and the ideal time to sell.
Of course, you will need to find a realtor. Interviewing a few different realtors will provide you with options and perhaps different opinions on current market conditions. Having a trustworthy realtor whom you feel comfortable with will take a lot of the load off your shoulders. However, preparing a home for a sale is a lot of work. Taking time to make necessary repairs and improvements is essential, as many buyers don’t want to have to work on a home after they purchase it.
So, when should you sell your home? The answer will mostly depend on your current needs, market conditions and how much work you have to put into the house. But there are always exceptions to every rule. Your house may be a perfect fit for a buyer the first day you list it. Other times, even when everything is in place, it can take years.
The most common time of the year to put your house on the market is during the spring. If potential buyers have kids, they will most likely want to move in during the summer, before school starts. If they don’t, the school calendar means nothing. There are various opinions regarding the best month to sell your home, but in reality, it depends on a multitude of factors aside from just the season of the year.