You think you want to sell your home but the question is ... when? Although there are no hard and fast rules as to when is the right time, and the decision to sell is a very personal one, you may want to consider the following to help you in this decision.
1) Is it a seller's market or buyer's market? As this question suggests the market trend will influence how quickly a property will sell and the price it will sell for. A buyer's market indicates an abundance of properties for sale coupled with fewer buyers looking - this means home prices are usually driven down and may take longer to sell. A seller's market indicates fewer properties are on the market coupled with a higher number of buyers looking for properties, therefore, property prices increase as demand surpasses supply and homes sell much more quickly. Obviously it would make sense to wait for a seller's market situation but that may not fall into your personal circumstances time wise.
2) When is the best selling season? Just as there are productive seasons for selling certain items of produce, the real estate market too has its seasons. Buyers are usually more active in looking for a home during the spring and early summer months, however this may be a little different for the vacation locations such Orlando as this may also include times when the attractions are looking for more staff (especially in the weeks running up to the holidays). However for the traditional home market there are usually less buyers looking during the holidays and the winter months.
3) How long have you lived in your home? The length of time you have lived in your home can have quite an impact on your tax free earnings from the sale. If a couple own the home then they can earn $500,000 on the sale of their home if it is a primary resident which may be split $250,000 each tax free. For a single person it is $250,000 - however you have to have owned your home for at least 2 years, have lived in it for 183 days per year or lived in it for 2 years out of a continuous 5 year period to qualify - timing is everything to take advantage of this and it it always advisable to consult with a tax expert on this
4) How do I look? What is the condition of your home? - look at your home with 'buyer's eyes' is it looking tired, does it need some attention and repairs - if so address these before listing the home that way you will get a better list price also most buyers are looking for a clean and turn-key ready home to move into. If you can't or don't want to spend money on your home before listing then you will have to price your home to attract a buyer who wants a fixer-upper property.
With these points in mind, is it your time to sell? If so give me call, let me help you make the right move.
Call me (Linda Sanders) or text me on 407-287-2393 or 863-576-1941. Visit my website http://linda.exitrealtych.com/index.php.
Author:Linda Sanders Phone: 407-287-2393 Dated: April 1st 2018 Views: 143 About Linda: Co-owner of a multi-award winning property management company and REALTOR®
I immigrated to Flori...
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EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
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"Lance Whipple has been our Realtor for the purchase of three vacation properties in the central Florida area. There are many reasons why we always choose to work only with Lance. First, he is very professional, respectful, trustworthy and incredibly knowledgeable in the local market. One thing we really appreciated is that he is very diligent moving things along with the urgency and at the pace needed. He was always on time, very responsive and was always available when needed, either at the moment or very shortly thereafter. He offered valuable guidance, kept us updated at all times, and helped us navigate through each step of the entire process. He also created a purchase contract that was beneficial to us and protected us as buyers, while being also reasonable and fair to all the parties involved.
Despite all this, I think what we appreciated most was his personal attention, and friendly and positive attitude. Although we knew he had many other clients, he always made us feel like we were the only ones. We highly recommend Lance."