How do we know it’s a good time to sell?

No matter how difficult it is in the real estate market now, homeowners and realtors can still find their silver lining. And it’s not imaginary. According to Dian Hymer, all we need to do is read the signs that would tell us “it’s about time to sell a home.” In her article, we can learn that our real estate market has shifted its predictability.

Gone are the days when seasons or specific months of the year were the solid indicators of the best time to sell. Years ago, real estate opportunities during spring months are expectedly high compared to dark wintery months – but that’s not the case anymore. Weather patterns nowadays are as volatile as our economy. 

It is hard for sellers to prepare their houses for the market when there is non-stop raining and bad weather, so as much as we would want to take these natural occurrences which we cannot control as deterrent factors, we simply can’t. The weather does have an effect on home-selling.

Last year, real estate had its meltdown when both natural and economic disasters affected the selling rates immensely. When a big quake hit Japan, it caused unimaginable effects on almost all industries economically – Greece on the verge of bankruptcy and European Union’s future in question. 

Headlines about these economy-affecting occurrences have lowered consumer-confidence. They rely on news and economic development to jump in on a huge decision to buy a house, which is a major responsibility.

To state the obvious, it’s a great time to sell when the economic news are mild, interest rates become low, consumers’ confidence are in the upswing and the law of supply and demand is in the positive slope. It is best to start selling competitively when there are increased demands for home in your local niche as to the supply of homes for sale.

These factors can certainly affect the real estate market but when really is the best time to sell? When your instincts tell you it’s the RIGHT time to sell. The decision always has to come from you despite the odds.

As a top Realtor, I have more ways than one in determining when is the best time to sell your home. I can help you deal and convert these factors into something beneficial. If you have questions,  feel free to call me, Mynor Herrera, I can also give you expert help buying or selling in the DC, MD, & VA areas! I also specialize in Bethesda and Chevy Chase, as well as the sub-divisions of Rosemary Hills, Rock Creek Forest, East Bethesda, and Whitehall Condominium.