The question I get asked the most is "When is the best time to sell my house?"
Unfortunately, none of us have a crystal ball and we cannot predict the future, but there are a few indicators that can give us a good idea of when to put a for sale sign in the yard.
1. Interest rates fluctuating. When interest rates go up, buyers have less buying power and can afford less house. However, when interest rates and up and people are still shopping, we know they are serious and motivated buyers. When interest dip a bit, as they tend to do, it may be time to put your home on the market to take advantage of the motivated buyers before the competition.
2. The financial markets. Bitcoin is all over the place. Banks are failing. Unemployment rates are below 5%. We're definitely in unprecedented times, however one thing is for sure. There is always someone willing to buy real estate as an investment.
3. Growth in the Metroplex. Universal Studio's new theme park? California resident's coming by the carload? A new corporate office moving to the area? When people know development is coming, they're keen to buy homes in the area.
These three factors can give us a good indication, on when it's the best time to sell. But each individual home and subdivision tells its own story. Thankfully, according to this article from the DALLAS MORNING NEWS it looks like this spring we'll be re-entering a seller's market.
If you'd like a detailed, and free, equity report on you home give me a call at 214-799-0019 or email me at info@realtorkeithstone.com and we can discuss your options to cash in on your investment.
