Top 3 Questions To Ask Before Selling Your Home
Selling a house takes a lot of work. If you want to maximize your profits without stressing yourself out, then you must be prepared.
Have you been thinking of listing your home in the near future? If so, make sure to ask yourself these important questions before you start.
When Is The Best Time of the Year to Sell?
Realistically, you can sell your home no matter what time of year it is. However, there are certain months that are far better than other when it comes to making more profit and selling faster.
We recommend looking into spring and summer, as slows generally tend to slow down as fall and winter approach.
A recent study from ATTOM data shows that the best months to sell a home are May, June, and July. June sales tend to make up 9.2% more on average and homes sold in May tend to make around 7.4% more.
You can also consider the day of the week as well. A Redfin study tells us listings that go up on Thursday tend to tell faster and make more money on average. Of course, real estate is very localized. The time that you sell depends on the market you are selling to.
Consider your local market trends, how comfortable you are financially (as selling a home isn’t free), how in-demand the real estate in your area is.
How Long Will It Take To Sell?
The time it takes to sell your home truly depends on the condition of your local housing market and where you are located. You have to consider the condition of your home, your listing price, and you or your agent’s ability to stage well.
Recent NAR data tells us that homes are on the market for 62 days on average. Of course, this varies depending on the state. For example, in Washington, the average home is on the market for 37 days. In Vermont, the average number jumps up to 186.
How Much is My Home Worth?
To figure out how much your home is worth, you need to look at two main factors, including the demand for similar homes and your home’s condition. To get a better understanding of how your home might look on the demand side of things, you might want to start by looking at comparable sales.
When you look at comparable sales, make sure that you find homes that are in the same condition and are of the same size.
There are what real estate agents refer to as “comps.” Comps are used to determine the correct pricing for a home. Of course, you can always get an offer from a company like National Cash Offer, as we can provide with you with an offer and buy your home in as little as two weeks.
While selling a home can take a ton of work, having everything organized prior to starting the process can help optimize your overall experience. Make sure to get in touch with us here at National Cash Offer to learn more.