![\"Photo](\"https:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2019\/01\/best-time-to-sell-house.jpg\")
<\/a><\/figure>\n\n\n\n\n\n\n\nTo Move or Not to Move?<\/strong><\/h2>\n\n\n\nBefore we get to the professional recommendations, the very first question you ask is whether or not you should sell your house at all. This is important because each time you sell (and then buy) there are costs built into each transaction. For the most part, these costs are pure waste. That means, the longer you are in the same home, the better off your financial situation will be.<\/p>\n\n\n\n
If you have only lived in your current home for one to three years, consider staying put for a few more. Spreading the buying\/selling costs over a larger number of years greatly improves your investment. That being said, if you have a pressing need to move quickly and you live in the Atlanta area, you could approach Crawford Home Buyers<\/a> as a great way to get an instant sale on your property regardless of the time of the year, so this is worth keeping in mind.<\/p>\n\n\n\nIs a job or other life event forcing you to move? Sometimes the decision is out of your control. It happens. In these cases, try not to beat yourself up about it. It may not be the optimal time financially speaking but selling your home can still be the right choice<\/strong>.<\/p>\n\n\n\nSo when is the best time to sell a house? Here are the 6 most important factors to take into consideration.<\/p>\n\n\n\n
1. Time of Year<\/strong><\/h2>\n\n\n\nMany reading an article about \u201cthe best time to sell a house\u201d will be looking for a particular month. The time of year definitely factors in. It’s probably the biggest<\/em> factor.<\/p>\n\n\n\nIn most U.S. markets, once Thanksgiving arrives, people have other things on their plate heading into the Holidays. Making a big move is the farthest thing from their mind. So try not to list your house from mid-November through the end of the year.<\/p>\n\n\n\n
Even after New Year\u2019s Day, the weather is going to be a factor. Once things start to warm, more and more buyers will be out looking. In our market, once we pass the Kentucky Derby, the temps are up into the low 70s and we know Summer is right around the corner. Obviously, weigh all six of these factors as well, then consider listing right before the \u201cselling season\u201d kicks off.<\/p>\n\n\n\n
2. Supply and Demand<\/strong><\/h2>\n\n\n\n![\"Photo](\"https:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2019\/01\/heres_your_key.jpg\")
<\/a><\/figure>\n<\/div>\n\n\nIn real estate, there are two kinds of competition\u2014the good kind and the bad kind. First, the good. It\u2019s easy to understand that where there are a bunch of house hunters out buying homes, this increased<\/em> competition also increases<\/em> the sale price of your home. Simple right?<\/p>\n\n\n\nThen you have bad competition. When there are a large number of homes, that are similar to yours, for sale, buyers have plenty of choices. That\u2019s bad for home sellers. That makes sense too.<\/p>\n\n\n\n
So, to help us come to a smart decision we should weigh both of these market forces. You\u2019ll want some expert advice from a knowledgeable Realtor<\/strong> with ready access to current listing data. Believe it or not, there are times when selling your home during the off-market will put you in the driver\u2019s seat.<\/p>\n\n\n\n3. Move-in Ready<\/strong><\/h2>\n\n\n\nHere\u2019s one that\u2019s totally in your control. Get your house in move-in-ready condition. Make it look like something out of a magazine<\/em>!<\/p>\n\n\n\nSure, this may take some time and money but it will almost always be worth it. Why? Because people today are crazy busy. Most don\u2019t have the time for home improvements<\/a>. Some people simply can\u2019t wrap their minds around the idea of actually updating a house.<\/p>\n\n\n\nYou only have one chance to make a good first impression<\/strong>. Make sure that when you do list your home it looks spectacular<\/em>. Again, your Realtor should be guiding you through which improvements make the most sense to optimize your return on investment.<\/p>\n\n\n\n4. Interest Rate Movements <\/strong><\/h2>\n\n\n\nHere\u2019s a tricky one. In recent years, our mortgage rates have been at historical lows. It\u2019s been this way for so long that most don\u2019t even think about how things were before. Go back to 1990 and we were facing double-digit interest rates. It makes a big difference in the kind of home you can buy with the same monthly payment.<\/p>\n\n\n\n
Here\u2019s the tip, if you know that interest rates are moving higher, that\u2019s a checkmark in the “Sooner” column of your decision sheet. Most buyers will be far more in tune with interest rates than home sellers. Use this information to your advantage as well.<\/p>\n\n\n\n
5. Friendly Competition<\/strong><\/h2>\n\n\n\nWe have already looked at two competitive factors but there\u2019s a third kind of competition at play. But depending on when you think you\u2019ll be listing your home, having other houses for sale in your neighborhood can be a good<\/em>& thing. Crazy, I know.<\/p>\n\n\n\nHere’s the trick. When buyers get the full list of active listings that match their criteria, they often schedule showings for multiple homes in the same neighborhood. Less driving time, right? Now you have a showing you might not have had otherwise. This is a potential home run<\/strong> if your home similarly priced and a better property so they write you an offer and not your neighbor.<\/p>\n\n\n\n6. Your House Is Hot<\/strong><\/h2>\n\n\n\nAs times change, certain home features grow<\/em> in popularity while others fade. Right now, open concept is huge<\/a>! That wasn\u2019t always the case.<\/p>\n\n\n\n
Is a job or other life event forcing you to move? Sometimes the decision is out of your control. It happens. In these cases, try not to beat yourself up about it. It may not be the optimal time financially speaking but selling your home can still be the right choice<\/strong>.<\/p>\n\n\n\n So when is the best time to sell a house? Here are the 6 most important factors to take into consideration.<\/p>\n\n\n\n Many reading an article about \u201cthe best time to sell a house\u201d will be looking for a particular month. The time of year definitely factors in. It’s probably the biggest<\/em> factor.<\/p>\n\n\n\n In most U.S. markets, once Thanksgiving arrives, people have other things on their plate heading into the Holidays. Making a big move is the farthest thing from their mind. So try not to list your house from mid-November through the end of the year.<\/p>\n\n\n\n Even after New Year\u2019s Day, the weather is going to be a factor. Once things start to warm, more and more buyers will be out looking. In our market, once we pass the Kentucky Derby, the temps are up into the low 70s and we know Summer is right around the corner. Obviously, weigh all six of these factors as well, then consider listing right before the \u201cselling season\u201d kicks off.<\/p>\n\n\n\n In real estate, there are two kinds of competition\u2014the good kind and the bad kind. First, the good. It\u2019s easy to understand that where there are a bunch of house hunters out buying homes, this increased<\/em> competition also increases<\/em> the sale price of your home. Simple right?<\/p>\n\n\n\n Then you have bad competition. When there are a large number of homes, that are similar to yours, for sale, buyers have plenty of choices. That\u2019s bad for home sellers. That makes sense too.<\/p>\n\n\n\n So, to help us come to a smart decision we should weigh both of these market forces. You\u2019ll want some expert advice from a knowledgeable Realtor<\/strong> with ready access to current listing data. Believe it or not, there are times when selling your home during the off-market will put you in the driver\u2019s seat.<\/p>\n\n\n\n Here\u2019s one that\u2019s totally in your control. Get your house in move-in-ready condition. Make it look like something out of a magazine<\/em>!<\/p>\n\n\n\n Sure, this may take some time and money but it will almost always be worth it. Why? Because people today are crazy busy. Most don\u2019t have the time for home improvements<\/a>. Some people simply can\u2019t wrap their minds around the idea of actually updating a house.<\/p>\n\n\n\n You only have one chance to make a good first impression<\/strong>. Make sure that when you do list your home it looks spectacular<\/em>. Again, your Realtor should be guiding you through which improvements make the most sense to optimize your return on investment.<\/p>\n\n\n\n Here\u2019s a tricky one. In recent years, our mortgage rates have been at historical lows. It\u2019s been this way for so long that most don\u2019t even think about how things were before. Go back to 1990 and we were facing double-digit interest rates. It makes a big difference in the kind of home you can buy with the same monthly payment.<\/p>\n\n\n\n Here\u2019s the tip, if you know that interest rates are moving higher, that\u2019s a checkmark in the “Sooner” column of your decision sheet. Most buyers will be far more in tune with interest rates than home sellers. Use this information to your advantage as well.<\/p>\n\n\n\n We have already looked at two competitive factors but there\u2019s a third kind of competition at play. But depending on when you think you\u2019ll be listing your home, having other houses for sale in your neighborhood can be a good<\/em>& thing. Crazy, I know.<\/p>\n\n\n\n Here’s the trick. When buyers get the full list of active listings that match their criteria, they often schedule showings for multiple homes in the same neighborhood. Less driving time, right? Now you have a showing you might not have had otherwise. This is a potential home run<\/strong> if your home similarly priced and a better property so they write you an offer and not your neighbor.<\/p>\n\n\n\n As times change, certain home features grow<\/em> in popularity while others fade. Right now, open concept is huge<\/a>! That wasn\u2019t always the case.<\/p>\n\n\n\n1. Time of Year<\/strong><\/h2>\n\n\n\n
2. Supply and Demand<\/strong><\/h2>\n\n\n
<\/a><\/figure>\n<\/div>\n\n\n3. Move-in Ready<\/strong><\/h2>\n\n\n\n
4. Interest Rate Movements <\/strong><\/h2>\n\n\n\n
5. Friendly Competition<\/strong><\/h2>\n\n\n\n
6. Your House Is Hot<\/strong><\/h2>\n\n\n\n