Selling your house can be tricky. For most of us, buying and selling homes will rank among the largest financial transactions we will make in our lives. While there are plenty of ways to avoid simple house selling mistakes, it’s particularly hard to know exactly when to sell your house. There are many factors involved. Some of them you can control, like selling your house during certain seasons. Others, like the overall pricing trends in the housing market, you have no real say in. When it comes to the best time to sell your house, here are some important factors to consider. Hopefully they help you get the most value of out any home equity you’ve managed to build up.
A Personal Example
We moved up the property ladder in early 2020. It ended up being an interesting journey, to say the least. We started shopping for a new house in early February. A couple weeks later, we made an offer on a new house for the family. Of course, a few weeks later the entire world found itself in the middle of a pandemic.
As everyone was grappling with end-of-the-world scenarios and figuring out how to avoid contact with anyone but their immediate family members, we had other priorities. We were busy trying to close escrow and meet with all kinds of inspectors and real estate professionals. Come to think of it, I don’t think I’ve ever met as many strangers in a short amount of time as those couple of months!