What’s the Best time to Sell My Home?

What’s the Best Time to Sell My Home?
When’s the best time to sell? The best time to sell your home is any time that’s right for you!

PEAK SEASON
Peak season varies from year to year and market to market. Early spring and early fall are thought to be prime listing seasons. That’s when homeowners prefer to spend their time preparing their homes for sale; when the kids are getting out of school (or just going back). Homes tend to look their best outside of the heat of summer or the cold of winter. If you decide to sell during a peak season in your area, there will be many more houses on the market competing with yours. You might have a tougher time making a sale, but it’s also likely many more buyers will see your home and make an offer.

YOUR BEST TIME?
Only you can decide when the best time to sell your home is. Keep in mind that your selling situation is unique. Let a qualified Sales Professional work with you through the steps to selling your home. In the interim, here are some do’s and don’ts for deciding when to sell:

DO give serious thought to when would be ideal for you. Consider your family, your lifestyle and all the other happenings in your life.
DON’T base your decision to sell strictly on the season. Or your mother’s advice or your neighbor’s, for that matter.
DO spend time to prepare your home for sale.
DO consider whether your area is in a buyer’s market (with more houses for sale) or a seller’s market (with more buyers than houses). You’ll probably sell a bit faster in a seller’s market.
DON’T forget to consider the buyer. Remember what attracted you to your home and figure out when’s the best time to showcase that.
DO talk with your agent about his/her thoughts on the timing of your home sale. He or she has an immense amount of experience and can provide wise and thoughtful insight.
And, if you find that you want and need some hard facts and figures to help you make your decision, ask for a Comparative Market Analysis. Using the data from the report (which includes attributes and selling prices of comparable houses that have been listed for sale, recently sold, or expired from the market), we can identify buying trends in your area. Together we can look at the data, talk about your choices and narrow your options until you’ve made a decision that’s right for you.

How Do I Obtain or Review the Flood Map for My Area and How Do I Read It?

The most widely distributed National Flood Insurance Program (NFIP) flood map product is the Flood Insurance Rate Map (FIRM). A FIRM offers much useful information and represents the official depiction of flood hazards for a community.

On the FEMA Flood Map Service Center (MSC) you may research, view and download (free) the available inventory of effective NFIP products, including the FIRM, the Flood Insurance Study (FIS) Report that accompanies the FIRM and other mapping products. The “effective date” is the date on which the NFIP map for a community becomes effective and all sanctions of the NFIP apply. Therefore, an “effective FIRM” is the NFIP map issued by FEMA that is in effect as of the date shown in the title block of the map as “Effective Date,” “Revised” or “Map Revised.”

You can also create a customized FIRMette—a paper copy of a user-defined portion of an effective FIRM, produced and saved on your computer. The FIRMette is a full- scale section of a FIRM that you create and formatted to print on most home/ office printers. The FIRMette can be used to help determine the location of a property or structure relative to the Special Flood Hazard Area and includes title block, scale and north arrow. To learn more about FIRMettes and how to create one, view the How to Find Your FIRM and Make a FIRMette Tutorial.

You may also view copies of the effective FIRM and FIS report by visiting the Community Map Repository for your community, which is usually maintained by the community floodplain administrator or officials at the planning and zoning office.

Homeowners are urged to use the How to Read a FIRM Tutorial along with the FIRM for your property to assist you in determining the potential flood risk for your property and whether you should insure your home from flood loss, as well as the How to Read a FIS Tutorial to assist you in understanding the information presented in the FIS report.

The Importance of Pricing Your Home Correctly

It’s quite simple, a Buyer is not going to pay any more than they have to when purchasing a home. They have been watching the market closely, and are out there looking at all the inventory. They know more than anyone what is available, and for how much. If your price is within the range of your competition, Buyers will come look at your home. If you’re priced too high, they probably will skip it. Your high price will make your competition look good, and will get them sold, not you.

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Do you want to sell your home or help sell your neighbors home?

Priced Too Low: Be careful to not price the home too low, as you do not want to leave money on the table.

Priced Too High: Homes that are priced too high produce far less showings, and typically those showings do not generate offers.

Accurately Priced: Pricing a home accurately is the best way to ensure that your home will sell in the shortest time possible, yet also achieve the highest price possible.

 

If you are thinking about selling your home?  We would love to talk to you!!!