Many people believe spring is the best time to sell a home. The weather’s warming up, flowers are in bloom, everything just looks more beautiful. Is there really a “right” time to sell your DFW home? It really depends on several factors our real estate professionals will share below.
When will you have less competition? Generally you’ll get more money by selling in late fall or winter, because you won’t be forced to put a lower selling price on your home due to competitive pressure as you would in the spring. February or March may be a good time too, right before the spring selling season gets into full bloom.
Where are mortgage rates at the current time? Consider mortgage rates when putting your home on the market, as you’ll have more interested potential buyers when mortgage rates are lower. Something to keep your eye on!
How is the local economy? The strength of the local economy and the U.S. housing market have an impact on how much you might sell your home for, as home values increase when the economy is strong.
Are you personally ready to make a move? No matter what other factors you consider, how ready you and your family are to make a move is super important. Sometimes parents want to wait until the children have completed the school year if a change will be necessary. If you’re changing jobs, it may be that you need to move right away. It’s really about your own situation and what’s best for your family.
Is your home ready to sell? Maybe you need to replace the roof, update the kitchen, or make minor repairs. No matter what it is, you’ll get more for your home if it’s in great shape. You can always sell “as is,” but don’t expect to get premium dollar if your home isn’t in tip-top shape.
These are a few factors that impact when it’s best to list your home for sale. Need help knowing if it’s a good time for you, or whether it would be best to wait? Give our Dallas real estate experts a call today!