In this red-hot housing market, you may be itching to sell your home. With home sales rising, when is the best time to sell a house?
You should consider the time of year, current inventory, and mortgage rates. Selling your home at the right time can mean making the most profit. A better profit puts you in a better financial situation in the future.
Here’s the best time to sell a house.
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Consider the Time of Year
When is the best time to sell a house? Consider the time of year. Many people like to sell their homes between spring and early summer.
Many people choose this time because it coincides with the school year. When you sell and move into a new home, children can start at their new school in late summer. Switching schools in the middle of the school year can often mean a disruption in learning.
Spring is also a time when the grass is green and flowers bloom. When taking pictures of your house, your property looks better. Warmer weather means it’s also more comfortable to attend open houses and to look at the property.
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Current Inventory
When there is a low inventory of available housing, prices rise, making it a seller’s market.
For example, when you are looking to sell your home and buyers don’t have much to choose from, you get a higher price. It’s simple supply and demand. You can take advantage of a seller’s market in great communities with good schools and close access to shopping, dining, and medical services.
Several things cause low housing inventory, including the lack of new home builds. With fewer new homes on the market, people look to renovate older homes.
Mortgage Rates
Low mortgage rates mean when is the best time to sell a house is now. Lower mortgage rates mean the buyer pays less interest over time. It also means the difference between the best and worst times to sell a house.
Because of a good economy, many buyers are enjoying lower interest rates. It’s one of the reasons so many people are buying and selling homes. When thinking about how to sell a house quickly, many sellers point to low-interest rates for buyers.
Best Time to Sell a House
The difference between when is the best and worst time to sell a house is the time of year, current inventory, and mortgage rates. Taking into consideration these three factors can mean a big difference in how to sell a house quickly.
When selling a home, you want to make the most profit under the best conditions. Don’t make a mistake by selling your house at the wrong time!
If you found this article helpful, take a look around our site for more articles on buying and selling homes and other helpful topics.
When selling a home, you want to make the most profit under the best conditions. Don’t make a mistake by selling your house at the wrong time!
If you found this article helpful, take a look around our site for more articles on buying and selling homes and other helpful topics.
