While the inventory may be short, there is no shortage of news about it. And if you haven’t heard, we have been experiencing one of the most robust sellers markets I’ve seen in my entire career. But is it the right time for you?
It can be challenging to determine when the best time to sell your home is. But if you’re on the fence about when (or if!) to sell your home, you could end up pushing off your home sale because you can’t make a decision—and missing out on a great time to sell.
So, the question is—what are some signs to be on the lookout for that will help you determine when you should sell?
A recent video posted on Realtor.com outlined signs that it may be time to sell your house and move on, including:
It’s a seller’s market. When you sell your home, you want to sell it as quickly and profitably as possible—and generally, that means making a move when the market is favoring sellers. If the price per square foot in your area is increasing—and the amount of time homes are sitting on the market is decreasing—it’s an advantageous time to sell your home.
You’re struggling financially. If your home is costing more than you expected—or more than you can afford—selling could help alleviate your financial stress and put you in a better financial position.
You’ve outgrown your home. Sometimes, the home you buy during one chapter of your life just doesn’t make sense for the next chapter. If you feel like you’ve outgrown your home and are struggling to find the space you need to live comfortably, it could be a good time to sell.
Other signs may be that you would be happy with less space or less maintenance, want to be closer to family, no longer commute for work, no longer visit your vacation home and many others.
So, what does this mean for you? If you’ve been on the fence about selling, knowing some of the key signs that it’s time to make a move can help you make a decision—and list your home at the right time for you . The first step is to talk to a professional who can help you decide what’s best for you. Selling your home doesn’t have to be a stressful experience. Call me today for a private consultation, and let’s review your options.