Are you considering selling your house, but unsure of the timing? Or do you just want to get as much cash as you can for your house with as little hassle as possible and move on to a new life?
Either way, it’s important to consider several factors when deciding to sell a home. The overall housing market, the state of your home, and even the time of year are all factors in selling or buying a home.
If you know when to sell, you should be able to get an amazing price for your home and sell it quickly.
Deciding When to Sell Your House
If you are deciding when to sell your home, there are several factors to look at.
Looking at the Market
If you are ready to move or have to sell your house quickly, there’s not a bad time to sell your house. The market is constantly changing, but the last year and a half have been a seller’s market. This means that it’s especially easy to sell a house for a good price. With a good realtor or cash buyer, you’ll be able to sell quickly.
However, things can change quickly. If you’re not so rushed and would rather get more money out of your house, you can wait a bit. Historically, people make larger purchases and bigger moves in warmer months. Waiting until spring could up your chances of a better offer drastically.
Looking at Your Financial Situation
Outside of the general housing market, your own personal situation is vital towards whether or not it’s the right time for you to move. If you just got a big promotion or new job, you might be ready to move to a bigger house. However, you’ll have to sell your current home first.
On the other hand, you might be in financial trouble and looking to sell to gain money. If this is the case, make sure you weigh all your options before deciding on home sale–it is a lot of hassle and can end up costing you as well. It might be better to wait.
Looking at Your House
It also depends on the state and location of your house. A house in good condition without the need for many repairs will probably sell pretty quickly, no matter the time of year.
If your house is in foreclosure, in disrepair, or needs work, you might need to look into faster or less lucrative options when selling.
Location is essential as well, and could make or break a quick house sale. Research the location of your home and the average market trends in your area. In Connecticut, the average time it takes to sell a house is 81 days.
This should give you a good idea of when to put your house on the market for the best price and availability.
How to Sell Your House Quickly
There are several ways to sell your home. The traditional way is to hire a realtor. Professional realtors know the market, the time of year, and the value of your house. Their expertise takes timing into account when selling your house and will get you a higher price.
However, realtors also come with added fees and time. You’ll have to clean and repair your home and get ready for multiple showings and offers. The realtor will have a price, and there will be other fees and closing costs involved.
You can sell your home yourself to save money on fees. However, if you do this the traditional way (with a listing and multiple showings), you won’t avoid having to repair your house or wait for interested parties. You might even fall into the trap of a cash buyer with a lowball offer cheating you out of the fair value of your house.
The third option for selling your house is to go with a verified cash buying company. Many of these companies offer ten-day guarantees and will give you the best price for your house. You can sell it almost immediately and avoid the hassle of showings and multiple offers.
Here are some of the reasons to sell this way:
- The quickest, most hassle-free way to sell your house
- Walk away with cash in your pocket
- Avoid realtor fees and closing costs
- No inspections or repairs are necessary
- Avoid long waits and multiple showings
- Sell any time of the year
- Get the best cash price for your home
While these benefits are vital if you need to sell as fast as possible, they do come with a price cut. Cash buyers pay for any repairs and inspections, which means that they will pay less for the overall price of the home. Prepare for this when selling your home as-is.
Final Thoughts
In the end, the right time to sell your home is up to you. Spring and summer are generally the best time for the housing market, but you can sell your house at any time if you need to move quickly. It depends on the amount of research, work, and money you are willing to put into your sale.