Selling a house now – Reasons for

11 Apr, 2022

Selling a house now – Reasons for

Selling your home is a big decision and requires planning and for thought. As every homeowner knows, it is one of the most stressful events in life. However, getting the timing right can help alleviate that stress and improve the experience. Selling a house now is a good idea to consider, however, you should check market conditions local to you. Here is an article to help guide you through some of the decisions to make along the way.

Reasons why selling a house now is a great idea

sell a house now
Timing a house sale can influence your return on investment

 

Putting your house up for sale is a big decision. You might be wondering if now is the right time to sell. The answer is yes! Maybe you’re thinking of selling because of the current market conditions. However, there could be many other reasons why now is a great time to sell your house. Even though the market is slower than it has been in years, selling your house now will still get a good return on your investment. Here are reasons why selling your house now is a great idea.

Your family is growing (or shrinking)

One of the biggest reasons to sell your home is if your family is growing (or shrinking). If you are outgrowing your home, it may be time to sell. Additionally, if you have children who are going off to college or moving away from home, think of them. Selling your home now may be a good idea. You can use the money from the sale to help pay for their education or to downsize to a smaller home that will better fit your current needs. It’s also important to keep in mind that if you have a large family, your home may not be the best fit for you anymore. You may want to consider looking for a home with more bedrooms or with a larger yard.

The market is hot

If you’re considering selling your house, now is a great time to do it. The market is hot, which means you’ll get a good price for your home. You won’t have to wait long for a buyer, In fact, cash home buyers are always looking for new properties to invest in. The best part? You’ll get your cash in hand quickly, without having to go through a long and tedious process. So what are you waiting for?

Sell your house now and take advantage of the current market conditions. This is a great time to sell your home and make some serious cash. It’s a win-win for everyone involved.  Though it should be noted that market conditions can always change, so it’s important to consult with a real estate agent before making any final decisions.

You’re changing jobs

If you’re changing jobs, it might be a good time to sell your house. Often, when people switch jobs they also relocate. If that’s the case for you, selling your house now rather than waiting could save you money on moving costs and real estate commissions. The market is also ideal for sellers right now. With some planning and preparation you could stand to make a good profit on your home. This is especially true if you’ve been living in your house for a while and have seen your property value appreciate. The sooner you sell, the sooner you can start enjoying your new life in your new home.

Supply is slow to catch up

Many experts are predicting that the current housing market will experience a continued slowdown throughout 2019. While this might not be great news for those looking to buy a home, it offers an opportunity for sellers. It does mean that now could be the perfect time to sell your house. With fewer buyers in the market, sellers have more leverage. You should be able to get closer to their asking price. This is in stark contrast to the housing market of recent years, where sellers were often forced to lower their asking price in order to attract a buyer. 

It is important to note that this slowdown is not happening nationwide. In some markets in the US (like San Francisco and New York), the market is still very hot. Selling your home now could mean missing out on a lot of money. However, in most markets across the US, now is the time to sell.

Health problems

Perhaps the number one reason to sell your house now is health problems. Maybe you’ve been diagnosed with an illness that requires you to move closer to a family who can help take care of you. Or maybe your home is just becoming too large and difficult to manage as you get older. Regardless of the reason, it’s important to remember that selling your home is always a better option than simply letting it go into foreclosure or into disrepair.

By selling, you can ensure that you get the most money for your home and that you find the perfect home for your new situation. More so, you can avoid the hassle and stress of a foreclosure. This is especially important if you are suffering from a health condition that makes the process more difficult. You don’t want to add more stress to your life by trying to deal with a foreclosure on top of everything else.

sell a house now
Consider your location and local market when deciding to sell

Demand remains high

The current real estate market is a seller’s market. There are more buyers than sellers, so your house is likely to sell quickly and for a higher price than if you wait. The National Association of Realtors (NAR) recent report on current buyer and seller activity showed that 89 percent of sellers were able to sell their homes within six months.

The market is only going to get more competitive as we move into the spring and summer months. If you want to sell your house now, you can take advantage of this high demand. This is especially true if your house is in a desirable location or has desirable features. It’s also worth noting that, according to NAR’s report, the inventory of houses for sale is still low. So, if you do wait to sell your house, you may have a harder time finding a buyer who is willing to pay your asking price. However, you don’t have to worry about this if you sell your house now.

Deferred maintenance

Houses that have been deferred maintenance always sell for less than houses that have been well-maintained. If you don’t have the time or money to do the necessary repairs, it’s best to sell now. The longer you wait, the more repairs will need to be done and the less money you’ll likely receive for your home. This is especially important to consider if you’re in a buyer’s market. Although, in a seller’s market, you may be able to get away with not doing any repairs and still sell at a good price. However, it’s important to remember that a buyer’s market will eventually swing in the other direction.

Selling a house now – The upshot

In conclusion, there are several reasons why selling your house now is a great idea. The market is hot right now, so you are likely to get a good price for your home. Additionally, you will be able to avoid the hassle and stress of moving during the busy summer season. Finally, by selling your house now, you will be able to take advantage of the current low-interest rates. All of these factors make now the perfect time to sell your house.

FURTHER READING ABOUT REAL ESTATE AND SELLING PROPERTY

At Housesitmatch.com we like to offer useful and practical articles on topics for our readers. In this selection we offer you a number of suitable pieces from our own blog on renovating and decorating a home.

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Picking a real estate agent – Be in the know

Selling a property for the first time – What not to do

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LamiaW

LamiaW

Founder and Director of HouseSitMatch - I'm a hands-on Admin on the site. Please ask any questions and as soon as I can I'll happily answer and assist where I can.

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