The Best Time to Sell Real Estate: Now!

Deciding on the right time to sell your home can be challenging, and it can really be different for everyone. Depending on what’s going on in your life, you may want to wait for the industry to recover, but if you want to be out of your house in the next six to 18 months, then the time is now.

Here are some tips on the best times to sell your property:

1) It’s the best time of the year. The most common time for buyers to look for houses is between the months of March and July. After that point, the market typically levels off and then picks up again in September and October. Don’t miss your chance to catch potential buyers at this crucial time. Not only will you find more hopefuls in the spring and early fall, but it will be easier for you to give your home curb appeal during these months than in the winter.

2) It’s a great time to upgrade. It’s a buyer’s market and there’s no better time for you to upgrade to a more desirable home. Interest rates are at an all-time low, and moving into a more sought-after property now will provide you with more opportunity to gain equity in the future. There has never been a better time for you to sell your current house and upgrade.

3) It’s early enough to beat the competition. There is expected to be an increase in distressed properties, including short sales and foreclosures, beginning in the fall. These low-priced houses will be extremely appealing to potential buyers who will be able to get a good-sized home with an inexpensive price tag. Distressed properties are expected to affect the market for at least the next 12-18 months, so get your house in the public eye now before they become your competition later.

4) It’s the push you need to move out and move on. With lending standards tightening and demand lessening, mortgages are becoming more difficult to obtain. To sit around and wait for the market to improve is to wait for something that may not occur for quite some time. There’s a reason you want to sell your home, and you shouldn’t let a less-than-desirable real estate market hinder you from making a crucial life choice for you and your family.

Talk with your family about your reasons for moving. Answers will differ for every household, but it’s up to you to decide what’s right for you.

If you need help making this decision, speak with a qualified real estate agent.