When Is the Best Time to Sell Your Home?

Photo by Gus Ruballo via Unsplash

Photo by Gus Ruballo via Unsplash

Selling your home can be tricky in the best of circumstances. The type of preparations you need to make, the best tips for getting the sale finished quickly, and all the other aspects of trying to sell your home can be confusing. Knowing when to sell your home, though, doesn’t have to be complicated. Here is how to know when you should sell your home.

You Don’t Fit Your Home Anymore

One of the easiest ways to tell when it’s time to sell your home is when it doesn’t fit your lifestyle or family size anymore. Whether it’s a new baby, a different job, grown children leaving the house, or other factors, there are many times in life when your living space no longer fits your needs. Be realistic with yourself as you evaluate whether or not your home is a good fit for you and your family.

After a Change in Property Taxes

One prime time to sell is after a tax bill is passed lowering property taxes in your area. Typically areas with lower property tax than other areas around town will be a seller’s market. You’re more likely to find buyers ready to offer listing price or higher in exchange for paying lower property taxes throughout the year.

In Line With the School Year

Many families try to move during the summer so that they don’t disrupt their children’s school year. Because of the school calendar, many moves happen during summer months when kids are out of school. Timing your sale to align with the end of the school year can open you up to a market of families looking for a new home.

When the Market Is Right

Many economic factors go into selling your home. Some of the key factors to look at when making a decision to sell your home are the stock market, employment rate, and the previous year’s home market data. These key data points can give you insight into whether or not people in your area would be willing to make a home-buying commitment. Another point to keep in mind are interest rates. A real estate agent can help you navigate the economic factors that go into selling your home.

If you are looking to sell your home, these tips can help you know when to take the plunge. Another major piece of advice that makes selling your home a painless process is to hire a trusted real estate agent. The staff at Bricks & Mortar Real Estate can help you decide if the time is right for you and your family to sell your home. Contact us today at 02-4709-6130 or info@bricksmortar.com.au.

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When Is the Best Time to Sell Your Home?