One of the biggest questions homeowners ask is when should they sell their home? Although you don’t have complete control over the market, you can look for clear signals in both personal life and local housing trends. This Redfin Real Estate Guide explores important signs that it may be the right time to sell your home.
Personal signs are when you sell
1. Your space no longer suits your needs
Whether your family is growing up, whether you are open or simply want more space for your home office, an inappropriate home is a strong indication that it’s time to move on.
2. Changes in lifestyle
Major milestones, such as marriage, divorce, retirement, and employment transfers, often bringing the need for new spaces that better support the next chapter and change lifestyles.
3. Financial considerations
If you find your mortgage, taxes, or maintenance costs heavy, or you are in a position to upgrade, sales can create financial relief or opportunities.
4. You’ve built enough fairness
Strong equity can take advantage of trade ups, downsizes, or cash outs when the timing feels right.
5. Buyer demand is strong
Stock in your neighborhood and quick sales often indicate that the buyer is ready and willing to compete for a home like yours.
6. Prices are rising
Increased value in your area may give you the opportunity to earn more profits by selling it earlier than you would later.
7. Interest rates are advantageous for buyers
A lower mortgage rate can generally lead to more buyers on the market, leading to more offers and higher selling prices.
8. Seasonal Benefits
Spring and summer are historically popular sales seasons, but local dynamics could potentially sell fascinating times in autumn and winter.
Is the time right?
The right moment to sell your home is not determined by a calendar alone. That’s when your personal preparation matches the preferred market situation. By looking at both, you will know when it is time for you to move.
Next Steps
If you’re looking at some of these signs, Redfin Agent will help you evaluate your options, provide insights from the local market and guide you towards the best timing of your sales.
