Knowing the Right Time to Sell Your Home

As a homeowner, there are a lot of important decisions that need to be made on a regular basis. Among these is knowing when the proper time to sell is. There are a number of significant factors and questions that you need to consider before placing a home on the market. These consist of riding prices, buyer demand, and interest rate increases. You also need to take into consideration the current standing of your own situation. Are you ready to move? Will you be able to find a new place in a market that’s increasingly competitive? These are all important things to consider. 

Is it The Right Time to Sell? 

According to experts in the real estate field, it’s a very good time to sell a home. Even though the market is currently experiencing a cool-down phase, and the average selling price is decreasing, it’s a very good time to sell. There’s an ongoing buyer demand and a shortage of inventory and available property. By leveraging buyer demand in your favor, you can sell for a very agreeable price. You can also take advantage of the rising mortgage rates, which are currently the highest they’ve been since 2006. Many experts agree that selling before the rates rise any higher is one of the best things you could do. 

When is a Good Time to Sell? 

The best time of the year to sell a home has typically been spring and summer. However, there are four mitigating factors that take place during the year that will help you determine whether or not it is indeed an ideal time to sell your home. 

• If interest rates are low, more buyers tend to be interested in purchasing a home. This can lead to multiple parties attempting to outbid one another. 

• Our economy is based on the principles of supply and demand. With a limited supply, people are sometimes willing to pay more for products and services. 

• Many consumers are looking to downsize their property in favor of obtaining something more economically friendly. If you’re looking to downsize, then selling your home is one of the best ways to accomplish this. 

• Millions of people move every year. This is sometimes due to wanting a change of scenery or deciding to adhere to the necessity of living close to a new job. No matter what time of year it might be, relocation warrants selling. 

The Best Realtors are in Panama City

The Fadden-McKelvie Group prides itself on being the best and most experienced realtors in Panama City Beach. Whether you’re in the market for buying or selling, we have the best staff to help you reach that next milestone in your life. Visit us at thefaddenmckelviegroup.com for more information.