You may have heard many different opinions about when the best time to sell your home is. Spring? Summer? Fall? The fact is there are several factors that determine when it's a good time to put your home on the market. Mainly, there are four criteria that are pretty solid cues that it may be time to sell: Low Inventory, Low Interest Rates, Rising Home Prices, And Warm Weather.
During the height of the housing collapse, buyers had their pick of the litter with an overabundance of homes for sale all across the country. It's when inventory is low that sellers have the advantage. If you are one of only a few people looking to sell in your area, you could find yourself smack dab in the middle of a bidding war! If you have been thinking about selling your home, ask your agent about the inventory in your area.
What is the current rate of home sales where you live? How many foreclosures? Is demand high for new homes? If housing supply is limited, now may be the right time for you to sell. A drop in interest rates often spurs on-the-fence buyers to finally make their move.
During the height of the housing collapse, buyers had their pick of the litter with an overabundance of homes for sale all across the country. It's when inventory is low that sellers have the advantage. If you are one of only a few people looking to sell in your area, you could find yourself smack dab in the middle of a bidding war! If you have been thinking about selling your home, ask your agent about the inventory in your area.
What is the current rate of home sales where you live? How many foreclosures? Is demand high for new homes? If housing supply is limited, now may be the right time for you to sell. A drop in interest rates often spurs on-the-fence buyers to finally make their move.
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