Knowing whether now is the right time to sell your home can take time and effort. Market conditions can be tricky to gauge, and you don’t want to spend months preparing your home for sale if you’ve got a busy schedule.
Want to sell your house for the right price at the right time?
Keep reading as we discuss the best tips for timing the sale of your home right. This information can help you to make the right decisions surrounding the sale of your home.
When You’ve Performed Renovations
If your home has been renovated recently, now might be the right time to sell. Buyers are drawn to homes with modern and fresh-looking interiors. It might seem counter-intuitive to sell your home after a renovation, but the value of your home will only decrease as your renovations become worn over time.
Some homeowners perform minor home renovations before putting their homes on the market to get a better price and increase their value. However, this option is unattainable for those who have multiple homes or simply can’t find time or money to oversee the renovation of their property.
When The Market Conditions Are Right
Following the pandemic, the real estate market was heavily in favour. The pandemic forced many people to live in their homes for an extended period, only leaving occasionally. During this time, the home improvement industry boomed.
Similarly, the real estate market was filled with buyers looking to purchase a more comfortable home. Sometimes, the market can be a buyer’s market for long periods, making it a wrong time to sell, as you won’t get your money’s worth. In these instances, it’s best to hold on to your property.
When You Have The Time
When you’re selling your home, you’ll likely need to have a clearout and get rid of all the junk that’s been accruing in your basement, closets, and attic for years. It’s also advisable to paint your home in neutral colours and depersonalise the space so that viewers can imagine themselves living there.
Getting your home ready for sale can be highly time-consuming, and many people wish to sell their homes but feel like they can’t find the time to prepare for sale.
In these cases, you can either hire services to clean out your home for you and handle the sale without you, hold onto the property, or sell your home as is to a property investor who will value the house and buy it as-is.
When The Kids Move Out
If your kids have spread their wings and flown the nest, you will find a lot of space on your hands. Maintaining a large home alone or with a partner can be extremely daunting. When your kids move out, this can be an excellent opportunity to downsize and get a place more suited to your needs.
When You Inherit A Property
Inheriting property sounds like a dream. But, often, the properties we inherit aren’t desirable as a home – and you’ll need to put in a lot of work to get the property ready for sale.
In these cases, rather than devote resources to maintaining the property or taking the time to rent it out, it can be a better idea to sell the property. You can sell the property you inherited in its current condition to a home buyer or property investor – you won’t even need to worry about repairing and clearing out the furniture.
When Your Investment Property Isn’t Valuable
Many people purchase property investments to rent out and increase their annual income. However, if the property were to lose its value, and you couldn’t afford the cost of repairs, you could end up with a money pit on your hands.
In these instances, it’s best to take advantage of property investors. They will purchase your property regardless of the repairs needed, and you can break free from your soured investment – without any hassle.
Summary
Many life events indicate it might be a good time to consider selling your home. If any of the above reasons apply, it might be a good time to evaluate your home and investment properties and consider whether selling your home could be the solution you need.
If you’re curious to learn about selling your property as is, why not reach out to our friendly team of homebuying experts at Your Trusted Home Buyer? We can give you a quote for your home ASAP!
