As a homeowner getting ready to sell your property, it can be difficult to separate your attachment to the house you’ve lived in for your whole life from the desire to motivate potential buyers to see themselves making the place their own.
The pressure to list your property at a reasonable price and attract prospective buyers can be difficult in and of itself, even if you’ve already overcome the emotional challenge of doing so. You can find yourself following in the footsteps of the past by burying a statue of St. Joseph in the yard or staying up all night looking at online real estate listings to see how other houses up for sale are priced.
Regardless of whether you’re planning to move for a career, downsize to a smaller home for your expanding family, or a different part of the country, selling a property requires work—possibly much more work than you had imagined.
The more effort you put into choosing an agent to sell your home, making required repairs, and keeping your property in excellent condition so it’s available for potential buyers to see it on short notice, the more likely you are to get interesting offers willing to pay top cash for your home.
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When Should You Sell Your Home?
The state of your home, the status of the real estate market, and your ability to find qualified buyers can all impact how quickly you can sell your house.
Cleaning and taking pictures of a desirable property might just take a week. On the other hand, repainting the interior, modernizing the landscaping, and fixing a roof leak can take a few weeks. Depending on the house’s condition, price, and area, the period it spends on the market can vary, but if you’re under contract, you can assume that the closing date will be scheduled for around a month after that. This will give the buyer enough time to have the house examined as well as enough time for the lender to assess the home, underwrite the loan, and approve it.
Before you list your home for sale, consider how your needs and outside factors may impact the entire timeline.
Is now the ideal moment to sell?
Due to inventory restrictions, there aren’t enough homes available to meet consumer demand in the majority of U.S. markets. As multiple offers come in at once and drive up prices, this frequently causes competitive bidding wars.
Generally speaking, spring and fall are the greatest times to list your home because these are the seasons when most buyers are actively looking. Because they are on vacation, fewer people purchase goods during the summer, and during the holidays, when it is typically frigid outside, more people opt to stay indoors.
This does not, however, mean that there are no buyers during the off-season because there rarely is any off-season at all considering the number of buyers that are now active in the market. Even while fewer buyers are looking at homes in the dead of winter, you might find that when they do, they are more serious about making an offer.
Is this the right time for you to sell?
Your ability to relocate once your house sells and to prepare it for the market is another deciding factor. Many parents wait until the end of the school year to make this decision to prevent having to switch their children’s schools in the middle of the year or to make packing up their stuff to move a few streets over easier.
You might need to migrate right away. To unlock the equity in your home, for instance, as soon as you hear that you will be relocating for work, you should put your property up for sale. This will make it easier for you to buy a home in your new location.
