Is It The Right Time To Sell Your House

Right It the %24 ...to Sell Your If you're thinking of moving house, consider the following to help decide if it's really the right time for you to sell your home... The Housing Market Wherever you live, it's best to take a look at the housing market in your country before you decide to sell. Look for signs that it's a good time to be a seller. Consider questions like: Is Demand Higher Than Supply? How Fast Are Houses Selling? FOR SALE FOR GA SALE 1779 FOR F FOR ÅLE FOR ALE Slow Fast HIGH LOW If So, You're More Fast = Better for Sellers. Likely to Make a Sale. Can Buyers Afford Mortgages? Interest Rates High Low Lower Interest Rates Make It Easier, Meaning More Buyers Are Able to Make a Purchase. Are Rents Have House Rising? Prices Dropped or Risen? This Might Drive This Will Impact on Your More Tenants From Financial Position. Renting To Buying. Data from the National Association of Realtors found that 46% of US houses sold in less than 1 month. This is a good sign that the US market is currently a good place for sellers. 46% <1 MONTH Falling mortgage rates, stamp duty reforms and supply constraints are contributing to a predicted UK house price rise of 2-5% in 2015. The Local Environment Be aware of planning permission for anything new in your area. The buyer's solicitor will uncover these, so look out for changes such as: Major New Neighbour's Extension Construction Roads Projects Plans To find out about developments in your area, ask for details from your local authority. Ask neighbours too, sometimes local authorities post leaflets or display posters your about new developments which they may have spotted. It could be better to wait until work is finished so the potential buyer does not fear the worst about potential changes to the environment around the house. Personal Finances Moving house comes with fees attached, so it's best to be in a strong financial position before you consider selling. Make sure you've budgeted for: Estate Agent Fees SURVEY> COSTS LEGAL COSTS STORAGE COSTS (IF NECESSARY) Call REMOVAL COSTS Possible Furniture Repairs LAND TAX Lifestyle Changes If your home no longer suits your lifestyle then it's probably time to think about making a move. Here are some of the main reasons your home may no longer be suitable. Growing Family Growing families might require more bedrooms, and have new requirements about space and storage. This can lead to a mismatch between a home that once worked and a home that's no longer suitable. Children Flying the Nest The family home can be large and difficult to maintain when children fly the nest. If you don't need the space any more it might be time to look for a move. Change of Location Perhaps your job has moved or children have started a school further away. If that daily commuting is getting too much, relocating could help reduce stress and save you fuel. The Season Time of year can be key for making a sale, but the time that's right for you may depend on a variety of factors. Are you looking for a quick sale or the best price? What features does your property have to help it stand out? Winter JAN Sometimes Okay - Good overlooked, the winter months can be a sweet FEB spot for selling homes. As the Great housing supply is lower, sales can be faster. MAR However, the Great lack of competing buyers might result in a faster sale at a APR lower price. Great Spring MAY Often considered the best time to Great sell, spring offers longer hours of daylight and JUNE plenty of buyers looking for a Great fresh start. If your garden or JULY outdoor space is a key selling point of your property, this is probably Good - Poor the best time for AUG you to sell your Bad home, making the most of its assets. And the SEP best time of year to sell is...? Poor – Good OCT Good Mid March to Mid April NOV Real Estate Good – Okay experts Zillow have found that homes sell 15% faster and for 2% DEC more at this Poor – Bad time of year. Maintenance If a buyer immediately spots items that need repair in your home they will wonder what's beneath the surface. Make sure these items are well maintained before you think about selling: Gutters Make sure they have recently been cleared. Walls Ensure the paintwork Taps looks neat and Mend any any holes are drips. repaired. Garden Entryway This is the first impression Cut lawns and weed of your home. Fix any flower beds to ensure a handrails, doorknobs and well-maintained overall add a lick of paint appearance as potential buyers arrive. where necessary. Interior Your home is your space, and it's bound to be personal. If you're serious about selling you're ready to move on, so make sure your home is a blank canvas for a new buyer. Consider the following: Is the Décor Is Your Home Tidy? Have You Neutral? Cleared Away Personal Items? Sources Brought to You by: money.cnn.com daveramsey.com VIBRANTdoors forbes.com wikipedia.org theadvisory.co.uk www.vibrantdoors.co.uk Is Time... House?