Should I sell my house now?

Choosing the right time to sell your house

If you can choose when to sell, it’s best to do it in a “seller’s market” — when the number of available homes is low in relation to the number of buyers. Here are some indicators that the market is good for sellers:

• Mortgage interest rates are low, allowing buyers to finance larger mortgages.
• The economic climate of your region is healthy and people feel confident about the future.
• There’s a jump in house buying activity, as often occurs in the spring.
• Your area is considered especially attractive — because of the schools, low crime rate, weather, proximity to a major city, or other factors such as employment opportunities.

Of course, not everyone gets to choose when to sell. If you have to move immediately — for example, because of financial reasons, a divorce, a job move, or an imperative health concern — and you don’t have any of the advantages listed above — you may have to settle for a lower price in order to make a quick sale.  Another option would be to contact a local professional real estate buyer.  Real estate buyer and investors are looking to buy houses in sellers markets and buyers markets and can be especially helpful when you need to sell your house fast.  Just look search online for “We Buy Houses” in your local area, craigslist.org, or try your local newspaper classified ads.

In most areas of the country, now is not a sellers market.  Prices are dropping, mortgages are hard to qualify for and foreclosures are at an all time high.  For most people, if you can stay in your house and weather the storm, this is not the time to sell your house.

Related posts:

1. Sell my home by myself