Selling your home is a major life decision, and there are several factors to consider. First, you’ll need to think about whether you are emotionally ready to part with your home. Then there’s the finances involved with closing costs and potential remodeling projects. Next, if you decide to proceed with selling your home, you should consider the local market conditions, and the optimal season to put your home on the market.
Selling your home can be an emotional process because our memories are often tied to physical spaces. Before selling your home, make sure you are confident in your decision and connect with a real estate agent who will simplify the process for you. Next, check your financial status. Agent fees and unexpected concessions may eat into your budget. Price your home accordingly, so you’re financially ready to sell your home. Finally, if you have some extra cash, it may be worthwhile to do some easy home improvement projects. A quick remodel in a few rooms can greatly raise your home value, but be sure not to do anything too costly, because it may be challenging to get the money back in the sale if the remodel is expensive.
When selling your home, consider whether your local market is a buyer’s or seller’s market. A buyer’s market is when supply exceeds demand, so there’s more inventory on the market. Selection is more plentiful for buyers, and homes usually sell for less than they would in a seller’s market. A seller’s market is when demand exceeds supply, so there’s not a lot of inventory available, and there are many buyers interested in one home. In a seller’s market, sellers can receive multiple offers above the listing price. If you’re selling your home, it’s in your best interest to sell in a seller’s market, but you can still be successful in a buyer’s market. Like everything else in real estate, it really depends on situation! View current market reports here.
The time of year you sell your home matters! Consider when buyers are most likely to be looking for a home in your area. Historically, homes sell best when the weather is nice. In Florida, late fall tends to be a lucrative time to sell, as buyers from up North are looking to escape the cold for the winter. Sprucing up your yard and the front of your home by adding flowers and plants offers an added touch that will pique buyer’s interest. Speak to one of our experienced agents to learn more about the best time to sell in your area.
Are you emotionally and financially ready to sell your home? Do you have a general idea of when you would like to sell your home? Connect with one of our knowledgeable CENTURY 21 Integra agents to learn more about selling your home today! We can’t wait to assist you.