When is the best time to sell your house? Timing can make a big difference in terms of selling your home quickly and for the most cash. But here’s the thing: The rules on pinpointing that best time might not be what you think.
1. Spring isn’t always the best season to sell your house
Spring home-buying season generally means you’ll have more competition from other home sellers
2. Keep an eye on the local economy
A home’s value generally increases 3% to 4% a year when the economy is strong, driven by inflation and natural population growth.
3. Mortgage rates matter, too
More people buy homes when mortgage rates drop, historic data shows.
4. Wait until your home’s in good shape
Taking care of leaks, built-in appliances not functioning properly, insect infestations, plus any imminent safety or environmental hazards, is crucial before listing your home.
5. Your personal preparedness is a priority, too
no amount of timing should eclipse what time is right for you personally, professionally, and otherwise.
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