All over the world homeowners buy and sell houses all the time. But do they all really benefit from the sale? There is no doubt that you can do better if you choose the time when you sell and how you choose to sell. Here are some top tips to help you get it right so you can optimise your sale return.
When is the right time to sell your house and how ?
A lot of thought and effort goes into selling your home. Whether you’ve outgrown your home, or you’re moving on to bigger and better things, there are plenty of things to consider. When is the best time to sell? How do I sell my house? Whatever your reason is for moving out, we’ve compiled a guide to help you. Here’s everything you need to know about when and how you should sell your house.
When should you sell your house?
Whatever reason you have for selling your house, if you’re name’s on the paperwork, you’re legally allowed to sell it whenever you want. Once you’ve decided to sell your home, the next step is figuring out when the time is right to do it. When it comes to selling something you own, you want to make sure you make as much money back on it as you can. In 2021, you need to know a thing or two about equity and the real estate market if you want to sell your home. If you’re new to the world of buying and selling real estate and want to get better informed, this guide will help you. If you know a thing or two about flipping properties already, and you want to get straight to the point, read on.
The best time to sell your home
Like every other market, the real estate and home market have their ebbs and flows. When selling your home, you want to maximize the amount of money you get for it, while minimizing the amount of time it spends on the market. Putting your home on the market when there is a high demand for homes is the right way to go. Time and place are very important when selling your house.
Seasonal aspects you should consider
Research has shown that the best time to sell your house is during the month of May. Early May has seen an increased probability in home selling. Most houses are bought during this time of year. Spring is a great time for new beginnings and this can be seen in the real estate market as well. Of course, you can sell your home in other months of the year, but your chances of making a bigger sale are higher in May.
When selling your home, the day of the week is as important as the month you decide to put your house on the market. If you want to market your own property quickly, you need to pay attention to all the trends. Keeping your house on the market for the shortest time possible means putting it up for sale when there are many buyers. Putting up a listing for your home closer to the weekend will give your house a better chance of being bought. Future homeowners are more likely to have more free time closer to the weekend to look at houses to buy.
Think about the local economy
Another aspect to consider when selling your home is the local economy. Finding the right time to list and sell your house is all about thinking of the buyers. If there is a rise in local business growth in your area, it might be a good time to sell your house. More jobs in the area means more people needing a place to call home. Pay close attention to the expansion of your town or city, and decide when to sell based on that. If you don’t see many new faces in town, you can hold back on selling.
Go for low mortgage rates
When selling your house, the last technical thing to consider is mortgage rates. Mortgage rates fluctuate over time. And if you want to make sure you can sell your home fast, you need to know the current mortgage situation. Statistically, when mortgages are low, you have a better chance of selling your home. Low mortgages have been shown to attract younger new buyers especially. For the last 4 years, there have been historically low mortgage rates. Economists are saying that it’s going to be on the rise, so 2021 is as good of a year as any. So try selling your home.
So now you know when is the right time to sell a house and how
Now that you know what to look out for, you should be ready to sell your home successfully. Pay close attention to your local economy and mortgage situation. Create the best selling environment for your house by keeping up with the seasons and listening to your gut. At the end of the day, if you’ve got to sell, you’ve got to sell. So call up your real estate agent, spruce up the house, and happy selling!
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.