Supply – How many homes are available in your community? How many homes are available in your area? What is the average months of supply? Are you completing with more or less than average supply of homes, this takes some digging into to find out.
Demand – Does your home have unique features that are hard to find in your community? Are there only a few homes for sale in the community with a pool or on a lake? Is your home totally upgraded and others aren’t? The more move-in friendly your home is, there is a higher likelihood of selling quickly for top dollar.
Interest Rates and the Ability to Finance – The sales price is one thing, interest rate is another and with rates being steadily low it means that there is more buying power in the market, which means that people can pay more money for your home!
Seasonality – Typically buyers start looking at the beginning of the year to beat others to the market. During peak season, which is typically spring and summer, there tend to be more buyers who want to be in their new homes by before fall school season.
You Want To Move – Maybe the house is too big because your family is expanding or it could be too small because the kids moved out. You could have a job transfer or have decided to change neighborhoods. Either way, make sure everyone in the family is on the same page with the move.
We all want to sell high and buy low – Often times we can see what the market trends are to help you understand what is happening in the market to help you determine what the best time to sell is.
I can prepare an analysis of your home, to determine if the time is right for you to sell. If now is not the right time for you, I can give you tips on what you can do to prepare your home for sale.