When should I sell my house?
Author": Andre du Toit |
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Too many people sell their house at the wrong time, or are in too much of a hurry. Basically, you want to sell when you're ready and there's the largest potential pool of buyers -- causing prices to go up. This occurs in the following situations:
1. Mortgage interest rates are low.
2. The economic climate of your region is healthy and people feel confident about the future.
3. There's a jump in housebuying activity, as often occurs in the spring.
4. Your area is considered especially attractive -- because of the schools, low crime rate, weather, proximity to a major city, or other factors such as employment opportunities.
Of course, if you have to move immediately -- because of financial reasons, a divorce, a job move, or an imperative health concern -- and you don't have any of the advantages listed above -- you may have to settle for a lower price, or help the buyer with financing, in order to make a quick sale.
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