If you are wondering, “Is now a good time to sell?” the truth of the matter is that there is no way for anyone to definitively say whether or not it’s a good time to sell apart from your own personal circumstances. The real estate market has had its ups and downs over the past several decades. However, with each successive year more and more people are seeing value in selling their homes and taking advantage of the equity they have built up. There are many signs that now is a good time to sell, you just need to be aware of them.
Listed below are several reasons why now is potentially a good time to sell, and how you can take advantage of the current market.
The Real Estate Market is Hot
The market is hot and there is no better time to sell. The demand for homes on the market has increased significantly over the past several years, not just in the Bay Area but across the country as well. The real estate market has been in a seller’s market for many years, and it shows. There are numerous homes on the market that have multiple offers, some of which are sold before they even hit the market! You can be sure that if you place your home on the market in this hot market that it will sell quickly and for top dollar. You’ll have no trouble finding buyers, and hopefully the equity in your home will give you a nice financial cushion to work with.
You’ve Made Some Improvements
Whether you have made some improvements to the interior of your home, or you have added an addition, if you’ve invested money into your property then now is a good time to sell. One of the biggest mistakes that people make when thinking about selling their home is that they wait until it’s perfect before they put it on the market. However, by that point it’s likely that other potential buyers will have become discouraged and found another home to purchase.
If you’ve made some improvements to your home, then it will be able to better compete with other properties in your area. This means that you’ll get more offers and sell for a higher price point. Most realtors will advise you to invest money into your property before you put it on the market, since the investment could pay off nicely in terms of increased value. But take it with a grain of salt, sometimes you really don’t need to spend your money with updates – a little tidying up and perhaps some staging will do.
You Can Afford to Move
If you have enough equity in your home to cover the costs of selling and buying, then by all means sell. This is especially important if you are moving to a more expensive home. If you are moving down in size, then you might be able to get away with paying some of the costs. However, if you are moving up it is important that you have enough equity money saved to cover the costs of selling and buying.
You’ve Moved on From Your Home
Even though you have many good memories associated with your home, if you’ve moved on from it and would like to make a change then now is the time. There are lots of people who want to remain in their homes even though they are unhappy with it or until they can no longer do so.
Whether you’ve moved on from your home because you have a new job in another city or state, or simply don’t want to live there anymore, you should sell now if you can. Don’t let things like not wanting to take down old photos or memories stand in your way. You’ve moved on so now it’s time to sell.
Sell your home at the best time
Asking yourself, “When is the best time to sell my home?” can be very difficult. So, let us make it simple -The best time to sell your home is always now. Also, if you’re waiting for spring or summer to sell, don’t wait. The market is hot and seasonality doesn’t matter anymore.
If you have been thinking about selling your home but haven’t pulled the trigger yet, this might be a good opportunity for you! Contact us if you want to get started today or learn more about how we can help make it happen with an effective digital marketing plan that will reach buyers in every corner of the country.
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