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How to Know When to Sell Your Home

There are many different reasons why homeowners choose to sell. They may need to relocate because of their job, to be closer to family members, or to purchase a larger home due to an expanding family. Others may need to sell their home because they can no longer afford the maintenance or the monthly mortgage payment. No matter what your reason may be for putting your house on the market, selling your home can be an overwhelming and sometimes scary experience. Fortunately, there are a few things that you can do in order to place your home on the market at the right time. Doing so will help you get your house sold quickly and will also provide you with the best offers from buyers.


Figure Out Why You Want to Sell

The first thing that you need to do is figure out exactly why you want to sell your home. Is the reason important enough to pack up everything and relocate to a brand new area? Are you moving a few blocks away or across the country? Are you moving just because you recently hit a rough patch financially or have things been difficult for a while and it is time for a change? Ask yourself these questions and if you still feel like selling your home is your best option, you should continue forward with the process. [Read Our Seller Series]

The Best Time to Sell Your Home

The experts will say that spring is usually the best time to sell any type of home. This is the time of year when more buyers are looking for available real estate in their area. There are a number of reasons why spring may be preferred over fall or winter. During spring in Louisville, the weather is just right for interested buyers to go out on the weekend and tour homes around the neighborhood.

It is also the best time to add more curb appeal to your home by adding colorful flowers, trimming the lawn, and improving the overall landscape. Spring is also a great time to work the exterior features of your home. You can apply a new coat of paint, fix issues with the roof, or stain the back deck in order to improve the aesthetic value of the property. If you are planning on selling your Louisville home, mid-March would be a good time to start.

In this Market, Is it a Good Time to Sell?

More real estate experts will tell you that now is a great time to sell. Over the past three years, there has been a substantial growth in real estate sales all over the nation. This improvement in the real estate industry has led to more homeowners willing to sell and more buyers interested in making a purchase.

In May, 40% of American home owners believed that it was a good time to sell. That was an increase of 16% from the past year. Sales are not the only thing to increase over the past few years, sale prices have also gone up significantly, more than 12% each year. According to these statistics, spring and summer of 2013 is an excellent time to put a house on the market. [Read: Home Values Today: Are They Better?]


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Nick Ratliff

Former electrical engineer & MBA Graduate turned Realtor in 2004

One Response to “How to Know When to Sell Your Home”

  • Ed and Ruth Sims
    Written on

    Ed and I are interested in selling our home in the Spring of 2020. We would appreciate any advice you might be able to give us regarding how to get started, what to do first etc. Please contact us after the first of the year to talk to us if possible. We live at 732 Malabu Drive in Lexington. Our telephone number is: 859-276-3533. Thank you Nick.

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