Is there a magic time to sell your house? Should you put your house on the market before the spring rush? Or, is waiting until you have more buyers and interest the best time to list your home for sale?
The Housing Market Today
Everything has a season – including selling your house. Listing at the right moment could mean more money in your pocket. That’s why it’s important to know what is happening right now in the real estate market at any given time.
Sometimes it’s hard to assess what exactly is happening in the home market today. The great news is that interest rates are pretty low right now. In fact the rates are so low people are worried they will rise soon. This, however, can be great news when it comes to selling a home quickly. When people want to lock in great interest rates, they tend to buy quickly, rather than looking at numerous homes over a longer period of time.
When is the Best Time to Sell Your Home?
Some wonder if there actually is a “magic time” to sell your home. For the most part, there is a best time to sell and that is usually from January through April. Ideally, the earlier you get your house up during this window, the better.
So, why is this absolute best time to list your house?
Competition. Who you are competing against to sell a home is dramatically reduced during this time period. You are beating the competition. It’s simply a matter of supply and demand: if there are fewer homes on the market, yours has a much greater possibility of selling.
More serious buyers. Who really wants to look at houses when it’s cold outside, cold and flu season is in full swing, and people are just plain busy? Serious buyers, that’s who! Buyers in the spring and summer sometimes are leisurely buyers. These are the type of buyers who look at many, many houses and may never even buy. However, the ones who are looking during the winter and early spring usually have one goal: to buy a house.
“When is the best time to sell?” is the million dollar question in the real estate market today. If you look at what is happening in the market right now with the lower interest rates, all indications show that today is the best time to sell your home. You should sell it quicker and yield a higher profit in the end. This is great news for home sellers today!
