When is the Best Time to Sell

The marketplace tends to be more active in the summer because parents want to enroll children in classes at the beginning of the school year (usually August). The summer is also typically when most homes are likely to be available.

Generally speaking, markets tend to have some balance between buyers and sellers year-round. In a given community, for example, there may be fewer buyers in late December, but there are also likely to be fewer homes available for purchase. So, home prices tend to rise or fall because of general demand patterns rather than the time of the year.

Sellers often wonder whether or not they should take their homes off the market for the holidays. Generally speaking, you'll have the best results if your house is available to show to prospective buyers continuously until it sells. After all, the holiday season is a wonderful time to show your home while it's filled with the sights and smells of the season.

Sellers are encouraged to sell when their property is ready for sale, there is a need or desire to sell. Your Lake Oconee Brokers Agent will help you in determining the best time to sell based upon current market conditions.

To assist you in deciding exactly when to sell your home, take these things into consideration:

Sell your home before you buy a new home

• Pro-You'll know exactly how much you have to spend on your new home because you'll already have the earnings from selling your present home.
• Con-The home of your dreams may not be on the market right now and you could be forced to a move several times and or rent for some time. Buy a home before you sell your home.

Buy a home before you sell your home

• Pro-You'll have found your perfect home, and you can put your existing house up for sale.
• Con-You won't know exactly what your net proceeds are until you sell your home. You also won't know how long it will take to sell your home. Make sure your agent assists you by pricing your home competitively. You'll also need to discuss with your agent the special financing options available to you if you wait to sell your home. Buy a home contingent upon the sale of your home.

Buy a home contingent upon the sale of your home

• Pro-In this scenario, you are not obligated to buy the house you've found unless you sell your house.
• Con-You are never certain whether that dream home is really yours until your have an acceptable offer on your existing home AND it is closed. Also, you tend to lose your negotiating power as a buyer in this scenario.

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