Selling a property can be both difficult and frustrating at the best of times. The current global economy and turbulence in the property market have made the process of selling a home even more difficult and even more stressful.
Almost every single area of the country has been adversely affected by the lagging economy and stagnant property market conditions.
As a result, a seller must make a careful assessment of the pros and cons of their property before they even consider putting in on the market.
One of the most pressing and important questions that need to be answered right from the start is establishing the best time of the year to sell. While deciding to sell your house, usually, you are not sure about the right time to do it.
People think that there’s nothing like a good time to sell a house. But you couldn’t be more wrong. It is always imperative to plan in advance because only proper planning can get you the deal of your choice. Apart from low-interest rates and high buyer demand, there are other factors that play a key role in determining the best time to sell your home.
Here are four factors that can help you decide when to strike a deal.
1. When You’re Out Of Space
The home you residing in will not accommodate your growing family for years and years. With the evolving family, your needs also grow more. A small-spaced house may be good for a small family. But later on, if you have a family growing bigger and you have adopted a few dogs, then you have to move on to a new house. Before that, you have to sell your old property so that you can collect cash for the new one. There could be various reasons when occupant starts feeling out of space in their old home and they have to move into a new one.
2. Consider The Weather
Your location carries some influence as buyers are less likely to buy during the cold and wet season. Potential buyers will be put off by the bad weather conditions and buying a new home will not be seen as a priority to them, that not to say you cannot sell your property at this time of year, but just there will be fewer potential buyers in the market compared to a warmer time of year. It is a fact that selling your home when the weather is pleasant can really benefit you.
Nobody likes to go house hunting during monsoons! Most often, potential buyers tend to look for houses for sale when the weather is fine. Your home can look more attractive on a pleasant day, and the deal is very likely to end on a positive note. Therefore, it is recommended to make it a point to put your home up for sale when the weather is pleasant.
3. Real Estate Agents
Finding a good estate agent is without question one of the most important aspects of selling your home, but beware – decent, efficient, and hardworking estate agents aren’t as easy to come by as you may think. This is where time must be taken to learn more about the agents in your area, try and go on recommendations from friends and family and look for an estate agent with a proven track record for selling the property quickly and efficiently.
4. Interior Renovation
It is not only important to sell your home at the right time, but prepare your home in a way that will easily grab the attention of the potential buyers. While selling your house, please ensure that the house is capable of creating a good impression. Precisely check for leaks in the ceilings, make sure the windows don’t have any broken seals, mend the showers and sinks, check for rodents and other insects, repaint your house; basically, you have to do everything that you can, to make sure it looks presentable and appealing to the buyers.
5. Consider The Market Condition
Due to the increase of homeowners trying to sell their properties, coupled with falling house prices nationwide, there is an overabundance of homes on the market at present. It is without question a buyer’s market. Nevertheless, this market is also plagued with potential pitfalls for the unprepared buyers.
Many homes that are up for sale have not been properly processed, meaning the buyer may find themselves stuck in the undesired position of a legal dispute. Therefore, it is recommended to check the present market condition before putting your house for sale.
6. Consider Recent Sale Prices
Check with the recent sale prices of homes sold in and around your locality to have an idea of what to expect, and then set your prices accordingly. Make sure you have thorough knowledge about the current market situation so that you have an idea about how long your home might take to sell. Once you have fixed the repairs, the next thing you should think about is the right time to put your home on the list. Though, if you’ve taken a home loan, ensure you repay it before putting it on the list. And, finally, sell it to the buyers who are ready to buy your property immediately.
The perfect time of the year to sell your house in Cleveland is usually from early spring to late fall. There are exceptions, and this isn’t to say that selling a home at a different time of year is not possible, but this is a good rule of thumb to remember and consider. Your real estate agent should be working extremely hard for you finding potential buyers and interested parties if they are doing their job properly – as you should be making sure they are – there is no reason why you cannot achieve the home sale you desire. Whatever the time of year!