Choosing when to sell your house can make a huge difference in the sale price of your house, along with how fast it sells. The right time to sell your house will always depend on many different factors, but this season has its advantages. Here are a few advantages to selling in this busy season:
One obvious reason why summer is the best time to sell is that the market is hot (hotter than usual in a buyer's market):
The market is hot
With interest rates at an all time low for buyers, the market has turned into a feeding frenzy, and home sales are skyrocketing in prices. In such a high demand, seller’s market, homes are selling for record breaking prices, which means more money in your pocket. If you have been considering selling your home, doing so in today’s market will bring you a larger sales price. Don’t wait for the market to shift when interest rates begin to start going up again. The National Association of Realtors has gathered data to predict a strong 6 months of sales throughout the United States. And with such a large group of buyers hunting for homes during the summer months, you have a great potential to sell your home quickly, and move on to bigger and better things sooner. Via ginamaclaren.com...
It always a good sign for a home seller when demand is strong. Since this means that you'll be expecting a higher price for home sales and home buyers are willing to purchase which creates an opportunity for multiple buyers competing for the same house.
Next, many prospective buyers are actually sellers moving to a new town. This gives them more buying power:
When sellers sell their home first, it gives them a financial influx needed to purchase a new home. Moreover, the seller switches hats and becomes the buyer, reaping the buyer’s benefits. This route eliminates pressure to raise the asking price to cover double mortgage payments, double utility payments, and double home maintenance. Sellers don’t need to recoup losses after overpaying for a home either.. h/t born2invest.com
Weather can also play a big role. Homebuyer tends to look for a house during sunny days.
Your house looks better in summer!
Last is more subjective, but if you've been thinking of moving for a while, this may be a good time to sell simply because waiting won't help:
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. read more at keepingcurrentmatters.com
Fort McMurray is in a buyer's market, albeit a more balanced one than last year
. Still, we expect prices to continue falling. Everyone's situation is different, but if pricing is the only thing holding you back, consider taking the plunge this summer.