Best Time to Sell
When is the best time to sell a home? Answer:
The "best time to sell" is when you are ready, or when you must. That is, when
you have outgrown the space in your current home, or you prefer to trade down to
something smaller. Perhaps your martial status has changed, which necessitates a
move, or you need to relocate for a job. Market conditions also play a role, as
do seasonal conditions. For example, your chances of getting top dollar for your
home are more likely in a seller's market, when demand outweighs supply, than in
a buyer's market. Local and national economic factors also may dictate when to
sell. If a major employer in your area is laying off workers, it may not be a
good time to put your home up for sale. People will be cautious about buying
when the future seems so unpredictable or bleak. Most agents agree the best time
to sell is in the spring. This is when the largest number of potential buyers
hit the market. Your home is likely to sell faster and at a higher price,
although sales begin to pick up as early as February and start to slack off in
July, the slowest month for real estate transactions.
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