5 Things to Consider Before Listing Your Home for Sale

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When it comes to selling your home, timing is key, but it’s not always easy to determine the best time to put your property on the market. While spring is often touted as the prime season for selling, other factors such as local economic conditions and mortgage interest rates also play significant roles.

Contrary to popular belief, a recent study found that homeowners typically receive more above their asking price during the winter months (December through March) than they do from June through November. This may be due to less competition from other sellers during this time.

Experts suggest that listing your home in February or March can be particularly effective, as it allows you to beat the spring rush and potentially achieve a higher sale price. Winter is also a popular time for corporate relocation, which can lead to an influx of motivated buyers.

When deciding when to list your home, it’s also important to consider the state of the local economy. The S&P CoreLogic Case-Shiller National Home Price Index and the National Association of Realtors’ Metropolitan Median Area Prices and Affordability tracker can be useful tools for gauging the housing market in your area.

Mortgage interest rates are another factor to keep an eye on. Historically, lower rates tend to lead to more home purchases, so it’s worth monitoring changes in the mortgage market.

Of course, before putting your home on the market, it’s essential to ensure that it’s in top condition. This may require making repairs or cosmetic changes, such as repainting or landscaping. Keeping up with other properties in your neighborhood is also important to ensure your home stands out to potential buyers.

Ultimately, the decision to sell your home should be based on your personal circumstances, such as job changes or a desire to downsize. While timing is important, it shouldn’t overshadow your individual needs and priorities.

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Dowell Family Team
Author: Dowell Family Team

Berkshire Hathaway HomeServices Kansas City Realty team serving the residential needs if Kansas Citian’s including Olathe, Overland Park, Gardner, Spring Hill, Leawood, Lenexa, Shawnee and surrounding Johnson County cities.

Author: Dowell Family Team

Berkshire Hathaway HomeServices Kansas City Realty team serving the residential needs if Kansas Citian’s including Olathe, Overland Park, Gardner, Spring Hill, Leawood, Lenexa, Shawnee and surrounding Johnson County cities.

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