Jan 14, 2020

When is a Good Time to Sell Your Home?

When is a Good Time to Sell a Home?

Of all of the factors to consider when placing your home on the market, identifying the right time to sell is one of the most important. Figuring out the best time to sell your home will not only maximize the sale price of your home but also reduce the stress brought on by the entire process. Many first-time sellers are unaware of just how big of a role timing can play in terms of selling your home quickly and at the best price.

While there is no surefire way to read the housing market, there are a number of ways that you can increase your chances of success. Today, Fixd will be giving you all the information you need to determine the best time to sell your home. This article will also answer the most frequently asked questions sellers have about the entire process. Let’s get started!

What to do Before You Sell Your Home

Before putting your home up for sale, there are a number of things you should do to ensure success. From taking the necessary steps to make your home more presentable to prospective home buyers to making home repairs, there is plenty to do. Here are some of the most important things you should remember to do before selling your home.

Declutter Living Spaces

When you finally put your home up for sale, buyers will be coming in and out and inspecting the property. If you want to sell your house quickly, you need to do everything you can to make your home attractive to prospective buyers. This process begins with decluttering all of your home’s living areas.

 Regardless of the size of your home, it is important that it look spacious and tidy. Make sure that you organize your space and place personal belongings out of site. It is best to keep only the essentials within view of potential buyers. If your own personal belongings are scattered throughout the home, it will be much more difficult for buyers to picture themselves living there.

Update Lighting

Lighting can make a huge difference in how buyers view your home. First impressions are everything when it comes to selling your home and updated lighting can go a long way. Be sure to replace any outdated light fixtures throughout your home. To give your home a clean, modern feel, be sure to install new bulbs that offer the appropriate lighting. You should also consider adding accent lighting to areas that you want to highlight to prospective buyers.

Make Any Necessary Home Repairs

There are few things that can turn buyers away from your home as quickly as home appliances and hardware in obvious need of repair. Before putting your home up for sale, make sure to make any necessary home repairs. It’s important to be on the good side of home buyers and making home repairs where needed will earn you points.

Your focus when making repairs should be placed on fixtures that are immediately visible to potential buyers. These include door handles, faucets, and curtain rods, just to name a few. Each of these fixtures will be relatively inexpensive for you to replace and the small investment you will make in-home repairs will be well-spent when your home sells quickly.

Finding a Good Time to Sell

Now, on to the real question: when is a good time to sell your home? While it may seem as though there should be a simple answer to this question, things are actually a bit more complicated. There are four main factors that you should consider when identifying a good time to sell your home. We will be exploring each of these factors so that you can have a better idea of when you should put your home up for sale.

Seasonality in Your Local Housing Market

It has been historically proven that home buyers tend to start shopping for their new home when the weather starts to get warmer. This is based on a number of factors including recent tax refunds and increased chances of good weather for moving. Overall, spring seems to be the best time to put your home up for sale.

Fall and winter months are typically seasons to avoid putting your house up for sale. Many prospective home buyers are busy preparing for the upcoming school year in the fall and winter months typically have the worst weather conditions for buyers to consider a move in. This does, however, depend on the climate in your area so plan accordingly!

Local Job Growth

This factor is pretty self-explanatory. The best time to put your home up for sale is when there is an increase in the local job market. This is due to out-of-state employees moving to your area will be searching for a place to call home. By selling your home when local job growth is on the rise, you can increase your chances of showing your home to buyers looking to find housing quickly.

Low Mortgage Rates

It’s a proven fact that low mortgage rates mean a greater number of buyers shopping for a new home. By putting your home up for sale when mortgage rates are low, you will attract the added attention of first-time homebuyers as well as buyers looking to make a more cost-effective move. It’s best to avoid times where rates are higher as this results in potential homebuyers having to spend more to get the home they’re looking for. Take low mortgage rates into account when finding a good time to sell your home!

Listing in a Seller’s Market

It is likely that you are familiar with the terms “seller’s market” and “buyer’s market”. Listing your home in a seller’s market will increase your chances of making a quick sale. However, a buyer’s market will likely result in your home staying on the market longer.

In a buyer’s market, there are more available properties for sale than there are people shopping for homes. This means that potential homebuyers will feel no real sense of urgency when shopping around and this gives them time to consider all of their options carefully. This isn’t beneficial to you as a seller because you’ll be left waiting for an offer much longer.

In a seller’s market, your local area will have more homebuyers than available properties. This creates a sense of opportunity in the eyes of homebuyers and you are much more likely to receive multiple offers very quickly. By avoiding a buyer’s market, you will also have a greater chance of selling your home at the full listing price.

Tips to Make the Selling Process Go Smoothly

Now that you know how to determine a good time to sell your home, it’s time to start preparing. While many sellers may feel overwhelmed at the beginning of the selling process, there are a number of ways that you can make everything go more smoothly. Selling a home does take effort but that doesn’t mean it should be challenging.

Choose the Right Real Estate Agent

A real estate agent can either make the selling process much easier or much more difficult. In order to choose the right real estate agent, you will need to do your research. The right real estate agent to handle your property will have a proven track record and will possess the necessary marketing skills to maximize your home’s viewings.

Take your time searching for the best real estate agent in your area. Ask around for recommendations, compare various agents in your area online, and don’t be afraid to negotiate when presented with their rates. Choosing your real estate agent carefully can make all the difference.

Price Your Home Right

Remember when we said that it can be difficult to read the housing market? This is especially true when it comes to determining the right asking price for your home. With constant rises and falls in housing costs, it can be difficult to identify just how much you should be asking for your home. Regardless, it is very important to get pricing right when selling your home.

Be sure to take home pricing reports in your local area with a grain of salt as these findings can be pretty varied. Make sure to work closely with your real estate agent when setting an asking price. By pricing too high, you will hurt your home’s chances of selling quickly. If you price too low, you’ll be selling your home for much less than you are owed.

Consider Your Offers Carefully

Once the offers start rolling in, you have to tread carefully. To make the selling process go as smoothly as possible, it is important that you choose the most reliable buyer. The best buyers to consider are the ones that have already sold their previous home and need quick housing. It is pretty safe to bet that these buyers won’t leave you empty-handed.

Use Fixd to Make the Selling Process Easy

Ready to make the process of selling your home even simpler? With Fixd Seller Coverage, you can cover yourself from financial loss and sell your home as quickly as possible. Seller’s coverage is guaranteed to offer you more coverage and will effectively reduce the stress of putting your home on the market.

Take a look at the available Fixd Seller Coverage plans today to see just how much you could be saving. The process of selling a home can be stressful enough and with coverage, that means you are always protected. Feel free to contact us if you have any questions. We would be honored to be a part of your selling experience.