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How to Decide the Best Time to Sell Your Home
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Should you sell now or later? Only you have the answer, but I’ll explain how you can decide.
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Many people have asked me if now is a good time to sell, or if they should hang onto their homes for a little longer. There are actually a few factors that influence the answer.
We have a new president, interest rates are going up, the spring market is in full swing, and people are preparing for the summer market. Whether you should sell now or wait depends entirely on your specific situation, so you need to ask yourself a few questions.
First, what is your goal? Are you currently renting and looking to buy your first home in the next year? Maybe you already have a home but need to accommodate a growing family. Are you looking to downsize? Make sure you know exactly what your end goal is before you sell your current home.
Second, what is your time frame? Are you trying to sell and move into a new home in the next six months or year, or do you need more time to save up? Make sure your time frame is realistic in relation to your finances and personal circumstances.
Finally, what is most important to you? If your children are priority No. 1 during this move, consider checking out homes near the best school districts. If you’re an investor and money is your motivator, you want to look at properties that will have the best return. If you’re looking for a quiet life and want to make a switch from the city to the country, make sure you’re aware of what owning a rural property entails.
If you should sell now or later depends solely on your specific circumstances.
If you need any help figuring out when the best time to sell is for you, or if you have any other real estate questions, feel free to give me a call or send me an email. I’m always happy to help.
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