Why Now is a Great Time to Sell a House

Selling a house in this economy has its challenges. A seller must make a careful assessment of the pros and cons of their property before they put in on the market. One question that must be answered right from the start is establishing whether now is the best time of the year to sell.

Generally, fall and winter are not the best time to sell a home, but due to the increase of foreclosures and short sales, there is an abundance of available homes to choose from, but with many of these properties it is truly buyer beware. The market is plagued with potential hazards for the unsuspecting buyer. Many homes for sale have not been properly processed in the foreclosure process so a new buyer may find themselves in a legal maze where they could lose money. It is up to their real estate agent to inform them of the obstacles.

Interest rates are at all time lows, making now an attractive time for anyone who’s been sitting on the sidelines to jump in, meaning if you’re thinking of selling a home, now could be a great time to take advantage of record low interest rates.

Forecasts of possible further declines in housing prices may or may not happen, but if your home is in good selling condition, you may have an advantage over all the foreclosures and short sales that are flooding the market, simply because of the high risk a buyer must take when buying these properties.

If you need to sell a home, consider the condition of your home, and what you will be competing with in your neighborhood. It may just be the best time ever to sell your home.