Are you planning on selling your home, but you don’t know where to start? You’ve been meaning to sell your home for months, but you aren’t sure when the right time to sell it is. At the same time, you’ve found yourself asking, “Is there actually a perfect time to sell my home?” There isn’t a “right time,” as this will mean something different to each individual person. It’s nearly impossible to optimally time your home sale, especially because people sell their homes year-round.
A decade ago, conventional housing wisdom held that the best time to sell a home is in the spring or the summer, right before the back-to-school season. However, the current real estate market is anything but conventional and is constantly fluctuating. While it’s true that most home sales occur in the spring and summer months, a continuous decline in inventory has prolonged the selling season into the fall. Hotter areas of the country are much more active throughout the year than most markets.
Before you list your house for sale online, consider the following factors to decide if right now is the best time to sell your home.
Is Selling My Home Right for Me?
Personal finances are typically a driving factor behind home sales. If you’ve lived in your current home for many years, there’s a chance that you may have equity that can be used as a down payment on your new home, to finance your retirement, or to fund other major expenses. Another financial aspect to factor in is the amount of money that you stashed in your savings account for your move. According to the American Moving and Storage Association, the average cost of an intrastate move is $2,300. The average cost of an interstate move is $4,300.
In certain situations, it’s best to downsize your home because your abode no longer suits your current lifestyle. Perhaps your children have left for college and you no longer need multiple bedrooms. Downsizing to a lower-cost home will free up money for other projects and costly hobbies.
How Do I Get Started?
Life moves quickly, and you won’t always be able to predict the future. Sometimes unfortunate situations occur, and you need to quickly sell your home and move away as soon as possible. A few examples of circumstances that might lead to a big move are:
- Aging parents who need assistance and support
- Starting a new career elsewhere
- Enrolling your kids into a better school district
- Accommodating for the needs of your family, such as if you have a child who is in a wheelchair that could benefit from a single-level home
Most people aren’t mentally and financially prepared to urgently sell their home when the need arises, but you don’t have to live somewhere you’ve outgrown any longer. Consider selling the house in its current condition so that you won’t have to make any expensive repairs.
Moving is a life-altering decision, and the best time to sell your home solely depends on your future goals. If you’re a resident of Colorado Springs, sell your home to ZechBuysHouses LLC. Avoid the complex process of listing your home and all the months of stress that follow. ZechBuysHouses LLC is committed to helping you move out of your old home as soon as possible.