Is There A Best Time, To SELL Your Home?
After, more than a decade, as a Real Estate Licensed Salesperson, in the State of New York, I have often, been asked, if there is a best time, to SELL one’s home. While there are many, simplistic answers, to this question, the reality is, it often depends on a number of factors, and possibilities, such as one’s personal situation, the local real estate market conditions, the economy, perceptions, needs, priorities, etc. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why it matters.
1. Strategy; system; strengths; stronger; solutions: When the time comes, when a homeowner decides, the time is right to sell his home, he must, first, objectively, know, both, the strengths and weaknesses of his property. For most people, their objective is, to sell, for the highest possible price, in the shortest period of time, with a minimum of hassle/ stress! To do so, takes a professionally designed, strategy, and a viable system, focused on actual solutions! Consider your reasons for deciding to relocate, where you intend to move, financial and economic considerations/ realities, and your personal comfort zone. When you interview real estate agents, hire the one, who effectively listens to you, and proceeds, to position your house, to do, as well as possible, in the local real estate market!
2. Empathy; emphasis; endurance; excellence: A homeowner must listen, to himself, and also hire an agent, who possesses the empathy, to fully consider, the best way to proceed! Unless/ until, one’s emphasis, is on marketing and sales, and, has the discipline to proceed, with the endurance, to overcome obstacles and challenges, how can anyone expect, the professionalism, and excellence, he seeks!
3. Listen; learning; lessons: Effective listening, is needed, by both the homeowner, and his agent, to discover, whether, selling, makes sense, and is in the client’s best interests! How the learning – curve proceeds, and whether, one learns the necessary lessons, often, determines, whether a wise decision is possible, and probable!
4. Logic; long – term; logistics: The decision to sell, is, often, emotional, but, when it is based on a specific need, or needs, it’s important to proceed, with well – developed, and considered, logic, to identify, options and alternatives, and proceed wisely! Since, for most, the value of their house, represents, their single – biggest, financial asset, it’s important to objectively, consider long – term ramifications of any decision, and logistical considerations, such as, where you’ll move, if you sell, and whether, it will make you happy, and meet your needs, goals, and priorities!
The best time to SELL your house, often, is determined by your personal needs. Remember, when the market is strong, although you will probably get a higher selling price, it will also cost you more, for wherever you move! If you won’t consider your needs, you won’t satisfy them!