Is now the time to sell? This question has been resonating lately from the mouths of sellers near and far. And, it's a great question! Let me begin by saying Thank God we live in Texas and especially the Greater Houston area! We haven't seen any major dives in home prices here compared to the rest of the country.
There are many factors that go into answering this question correctly. A person must look seriously at their motivation for selling. Perhaps your company is transferring you to another area or you need to move to get into a better school district. Maybe the family has suffered from a job loss or other great expense. Is it something that you must do or something that you want to do? If it's something that you must do in order to keep from losing your home, then the answer would be the sooner, the better.
If you have to sell, there are times of the year that are better to sell than others. April-August are the best months in which to put your home on the market. Kids are out of school and families are taking vacations. More people are looking to move then than at any other time of the year. You are more likely to get a higher price and more overall interest in the Summer time. Buyers know that when you put your home on the market during off seasons such as Christmas and Thanksgiving that you are a motivated seller and will most likely treat you as such. Selling during this particular timeframe will not only garner more interest, but also get you a higher price.
If you have lived in your home for many years and are just looking for something new or even to upgrade, you could really pick and choose your timing. Obviously right now, there are deals to be had just about anywhere. There are lots of foreclosures on the market along with lots of owners having to do short sales. If you have lived in your home longer than the last 5 years, chances are you have some nice equity built up. It might do you well to cash out of that home and purchase more home for less money adding to your potential for some great appreciation in the future.
Whatever your reason for selling, only you yourself can decide when is the best time for you to sell. Seeing as how we have no crystal ball, it's quite difficult to predict the future of the housing market. Go with your gut and choose a qualified Real Estate Professional to help you along the way. As always, should you have any questions, I'm only a phone call, email, twitter or text away!
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