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When is the right time to sell your home? 4 crucial considerations

When is the right time to sell your home? 4 crucial considerations

 

Posted: 11-22-2016

It's the end of the year and maybe you are ready for major changes in your life. New Year's resolutions always sound big - finally lose those extra kilos, quit job and start new business or move to another country. Whether you want to sell your place and set on an adventure or simply find your dream home you have to consider the perfect timing.

The A to Z of property market

Being ready to sell and listing your property for sale is not the same thing. The market is constantly shifting. This is why you have to understand the current property trends in order to achieve the fastest sale for a maximum financial return. Is it a buyer's market or seller's market? The chances to make a successful sale are much higher during seller's market as the demand outnumbers the supply. This does not necessary mean that you have to wait for the market to improve. The right price tag and the proper estate agent will make the process as stress-free as possible.

Does a "perfect season" exist?

They say when the temperatures start to soar just hit the market. But is it true that there is an optimum season for property selling? Based on researches spring is the top time to do it because people have more free time - Christmas and New Year's celebrations are done and the summer holiday is still not here. Plus, warmer days make better viewings. However, a fireplace or anything that makes your property look warm and cozy will definitely attract buyers even in the winter.

Have your financial ducks in a row

All those dreamy beach houses in Instagram might get you carried away. However, keep it real. Are you financially good to sell? Keep in mind all those extra costs around moving out, hiring personnel and home-improvements.

Brush up the details

The perfect timing for selling your property depends on all the nitty-gritty details that you have to plan in advance. What is the current interest rate? Is your area on the hot-spots map? What are the trends in your neighborhood? Is your property really ready to be sold? Do fix what is obviously damaged and keep tidy and appealing for viewings. Learn the basic mantra - "negotiate, negotiate, negotiate". Last, but not least, do not rush things. Be patient and take some time. Breathe and may the force be with you.