On the Fence? Now May Be the Best Time to Sell Your Home
When is the Best Time to Sell Your Home and What Impacts It?
Hey HomeHunters! Thinking about the best time to sell your home? Before you decide to list your house on the market, here are a few things to consider before making this big decision.
When is the Best Time to Sell?
It is commonly known that spring and summer are always popular times to sell your house. Your location and the local market conditions also play an important role. Likewise, there are many factors that are out of your control. This can include local job growth, mortgage interest rates, tax incentives, and neighborhood inventory. Overall, it is best to work with a real estate expert to figure out when to put your house up for sale. A listing agent can give you advice on when your house will sell at the best price possible. Remember, there are always buyers out there, so do not be afraid to put your house up for sale when you feel the need to.
Currently, the housing market is down and the national supply has dropped. This gives sellers the upper hand both in negotiations and when pricing the property. Competition is low, especially due to the pandemic, making it a great time to put your house on the market if you are looking to do so.
What do you plan to do after you sell your home? This is something every seller should consider before putting their home up for sale. Due to the low inventory of houses, you may end up paying more for a new house than you previously budgeted for. But, if mortgage rates are low, then you will get a great deal for a new house. It depends on the area where you live and your long-term goals.
Interest rates are expected to remain low until the end of 2021. The pandemic caused rates to drop and experts predict that the rates will continue to be low until the pandemic begins to subside. Low-interest rates cause more people to shop for houses. If you are thinking about putting your house on the market, now would be a great time, especially if you want to sell quickly.
Still not sure? Contact one of our HomeHunt agents to discuss your options. Refinancing could be a great opportunity if you are not looking to sell but want a lower rate!
Contact us to start your buyer/seller journey!