When it comes to selling your home, how is it possible to figure out if it’s a good time to sell? Well, for one, you need to consider what your own needs are and what your future goals are. If you plan on accepting a job that is a 3 hour commute, then you might want to reconsider your current living arrangements.
If you have a growing family and it feels like you’re living in a closet, then perhaps, again, it is time to start your search for something new and consider the fact that it is a good time to sell.
But your personal situation outside, what are some outside circumstances that demonstrate that it’s a good time to sell? Glad you asked.
Signs that it’s a good time to sell #1
Interest rates are low
If borrowing a mortgage will not cost someone a ton of interest, there is a good chance that more and more potential homebuyers will come out of the woodwork. Keep an eye on mortgage rates and consider them before you put your home up for sale. Interest rates are currently at historic lows and are believed to remain this way into 2013.
Signs that it’s a good time to sell #2
Unemployment is decreasing
The numbers don’t lie and when most of the population is hard at work, confidence rises and that means that people are spending. And they will likely be spending on major purchases, like, say, a home. So check the numbers for Canada and particularly for your region.
Signs that it’s a good time to sell #3
Economic news is not all bad
Negative economic news plays a huge part in slowing home sales. Remember the crash of 2009? Well no doubt it had a major impact on home sales at large. Unpredictable stock market numbers and natural disasters tend to slow markets somewhat. Needless to say, if there is a negative vibe on the news in regards to the money markets, you’d do best to stay put for the moment.
When buyers feel confident with their investments, they are more likely to make a move into real estate, whether it be for lifestyle of profitable purposes.
Signs that it’s a good time to sell #4
There are more buyers than sellers
A seller’s market is the ultimate time to sell because the amount of buyers out there exceeds the amount of available homes for sale and this is the ultimate time to sell your home. How do you know if it’s a seller’s market?
When buyers are more willing to pay the sale price without haggling, when there simply aren’t that many homes for sale in the area, and when there are new job openings in the region, chances are that buyers will gravitate to the area and their number will exceed that of sellers.
It’s a good time to sell for you
If you’re ready to sell your home, you don’t necessarily need to abide by these signs; just make sure that you understand what it takes to sell, and do yourself a favor by saving on commission. Visit ComFree.com today.