The answer to this question is actually dependent on various factors such as personal circumstances or reasons for selling, market conditions, and of course, the impact of the real estate experts.
Sometimes, due to changes in your financial situation, you may need money quickly. There may also be changes in your family structure through death or divorce that trigger a sudden desire to sell. Alternatively, the crime situation in your general area may be on the rise or you may have other personal reasons that may motivate you to sell your property. In these cases, it would definitely be a good time to sell, but the most efficient result may come through working with a real estate professional who can do real estate as it should be.
We can then consider market conditions within the local real estate industry. According to the most recent information available, we are still predominantly in a buyer’s market. This means, there is a lot of inventory, and properties might tend to stay on the market for a longer period than expected. At the same time, prices have remained fairly consistent within average or middle-class communities. This is also supported by attractive mortgage rates but compounded by the compression of salaries which have not seen significant increases for a long time.
As such, there are a few questions to be asked. How does your 30-year-old property compare to the modern construction currently available? How much does the average buyer qualify to purchase? How do these factors impact sellers and a desire to sell quickly? It simply means, it would take much more than just a ‘FOR SALE’ sign to get your property off the market quickly and sold at a reasonable price.
When we consider both sides of the divide, buyers are seeking to get a great deal, and sellers are also hoping to secure the highest price when selling their property. The best outcomes usually occur when you hire a real estate expert who can masterfully negotiate a win-win scenario for all parties involved. This usually would require careful consideration, industry experience, knowledge of recent market trends, and current economic conditions.
When combined with the ability to navigate through the strict requirements of financial institutions, statutory bodies, legal frameworks, effective marketing, and personal preferences, the result will be a resounding yes. It will always be a good time to sell your property once you have the support of an expert who can successfully guide you through this process. At the same time, buyers have nothing to fear since transactions can only take place when both sides can agree.
