When should you sell your house – after you buy your next one?
If you already own a home, it’s a basic question and the answer is as individual as you are.
Generally speaking, under most market conditions, real estate professionals advise listing your present home and shopping for your new home simultaneously. To consider your own individual needs and circumstances, thought, you should talk to your agent about how fast you need to sell and how long you should expect it to take in current market conditions.
In a robust real estate market, for example, you can assume your home would be more likely to sell quickly.
In that case, if you have very specific criteria – like location, size, views, age, etc., which could lea to a time-consuming home search – you should consider finding and buying a home first before selling yours. On the other hand, if you sell first, you can make your sale dependent on finding a home to buy.
While seasonality, too, can play a role in deciding when to sell – with spring and fall the most popular seasons to put a home on the market – your agent can help you consider factors like interest low rates and consumer confidence in the economy. Low interest rates will send you buyers year round. Some may be deterred by unpleasant weather conditions, of course, but it’s been our experience that potential buyers who brave inclement whether tend to be very motivated.
Your Weichert Sales Associate will help you find the solution that’s right for you. To learn more about the selling process and to meet a Weichert Sales Associate give us a call at 570.601.0774 or use our contact form.