So many factors go into deciding if you’re ready to sell your home. Will local market trends make the sale worthwhile? Are you ready to part with your home and all the memories you’ve made there? To help you determine if it’s time to sell, take a look through these eight ways to know you’re ready.
Should I sell my house?
If you have equity in your current home, are located in a seller’s market, have enough cash to cover moving expenses, and are prepared to let go of the sentimental attachment to your home, you’re likely ready to sell.
When is a good time to sell my house?
Home values across the U.S. have risen 7.6 percent since February 2018, so many homeowners are enjoying increased equity. And, going into the peak home shopping season, the number of homes for sale is 10 percent lower than a year ago, making the spring and summer of 2019 a seller’s market in South Florida.
What is a seller’s market?
A seller’s market is a market condition where there are more people looking to buy than there are homes listed for sale. With more buyers competing for fewer homes, seller’s markets represent a great time to sell.
When is the best time of year to sell?
In South Florida, we have two peaks every year. January has been the best time to catch first time home buyers who make their New Year's Resolutions. Buying a home is the number 3 Top New Year's Resolutions after losing weight and working out. Nationwide, the first half of May is the prime time for home sales (and Thursday is the best day of the week to list). Families are moving their kids into new school zones and don't want to move during the school year. Summer is the best time and listing two weeks before school lets out for the summer, is the best time to put your home on the market. Homes listed for sale in this window sold almost two weeks faster than average, and for $2,500 more.