Is now best time to sell your home?

Since every home seller's situation is different it's best to consult a local Realtor to help you determine a timeline for selling your home.  In Arizona, our selling season begins in February and tends to taper off at the end of June.  Each neighborhood real estate market is different however, so again, contact an expert to help determine when is a good time to sell in your neighborhood.  

While the spring and early summer months may be the top months for buyers to purchase a home, the fall and winter also offer a great opportunity for home sellers.  Sometimes during these months inventory may be lower, allowing your property to get more attention from possible buyers.  Less competition can put you in the right situation to sell.  

There are other factors that you should consider prior to listing your home for sale as well.  First, you should have a market analysis completed by a Realtor so you can determine the value of your home.  Don't rely on online home valuation amounts on major home search sites.  While they can be a great place to start, the systems only look at basic data and don't take into account the features or condition of your home or other homes that have sold.  Often times they will also pull home values from a nearby neighborhood that might not match the value of homes in your subdivision.  Contact a Realtor to complete a personalized market analysis to determine a better value for your home.

After determining the value of your home your next step should be to find out how much it will cost you to sell your home.  A Realtor can provide you with a cost sheet so you can find out what you will net from the sale of your home.  If that number makes you happy and helps you move on to the next stage in your life, then maybe it's time for you to list your home!  If not, maybe it's better to wait until you pay your mortgage down or until prices increase.  

Another factor to consider is if you put your home on the market now, how will your home be received versus the competition?  Is your home in the condition it needs to be to sell at what you want?  Does it need a fresh coat of paint?  Do you need to do some de-cluttering so your home will show better?  Does your carpet need a professional steam clean? Again, a local Realtor can help you by performing an initial tour of your home to help you determine if you need to do some work prior to listing your home.  

Last, where are you going to live if you sell your home?  Do you have a plan for buying a new home?  Do you know what neighborhood you want to live in?  Do you know the prices of homes in that neighborhood or how fast they are selling?  Have you spoken to a lender about purchasing a new home? Speaking to the right professionals can help you determine where you will live next.  

Ultimately, only you can determine if now is the right time for you to sell your home.  Utilizing the expertise of people in the real estate industry can help you gather the information needed to help you make an informed decision.