If you’re wondering whether the economy has bounced back enough to make it a good time to sell your house, take it from The Wall Street Journal. In a recent Fannie Mae housing survey, 71% of 1000 survey participants believe that it is a good time to buy a house, but only 11% of participants think that it’s wise to sell.
The Current State of the Housing Market
Home sales forecasts are expected to grow between 2% and 5% in 2012 compared to just one year ago. Although the present may not be the best time to sell a home, it does provide the opportunity for sellers to prepare their homes to place on the market within the next year.
But you don’t have to take that as a final answer. Housing markets state to state can vary greatly. In fact, prices for homes are already on the rise in certain areas of the United States, like Washington DC, Ohio, and Florida. Yet other housing markets are still experiencing a slump in cities like Las Vegas, Atlanta, and Chicago.
Depending upon where you live, you could put your home on the market to make a fair and profitable sale. But in other areas of the country with a sluggish housing market, experts recommend waiting just a year to avoid losing money in the selling process.
When Is the Best Time to Sell a House?
Potential sellers may be surprised to find that many realtors recommend putting a house on the market in the spring. This is often the time when buyers come out of the woodwork with extra funds in tax refunds, providing them with the opportunity to put down a bigger deposit on a new house.
If you’re planning to sell your house in the spring, keep in mind that it’s important to book movers far in advance. If you hope to sell in the spring and move in the summer, as so many sellers do, you may not be able to book your preferred Austin movers last minute since roughly 60% of moves occur in the summer months.
To take it a step further, an expert realtor may advise that the best day to put your house on the market is on a Thursday. This is a smart move since your new listing will appear just in time for weekend showings on a popular day like Saturday. For potential buyers touring properties over the weekend, your house will have listed for only two days and will still appear new and attractive to interested buyers.
3 Final Tips for Selling Success
If you’re ready to sell your home quickly, consider these three expert tips to make a speedy sale: