Believe it or not, you can tweak the timing of your home sale even closer to perfection with clues from real estate transaction data. In fact, HomeLight found that you can boost the profits on your house by 75% and cut weeks off your days on market by selling at just the right moment.
When to sell your vacation home and move back to the city?
If you want to ultimately move back to the city, stay in your vacation home at least two years. After two years, that property becomes your primary residence, and you can sell it and pocket another tax-free profit of up $500,000. Buying or selling property? Compare mortgage lenders
What happens if you sell your house at the wrong time?
Sell your house at the wrong time and the consequences of that careless decision will haunt you down the road. Hang on too long when you’re in financial trouble and you could end up with a foreclosure or short sale. Jump the gun out of fear when the market’s down, and you’ll miss the upswing right around the corner.
Is there going to be a seller’s market in 2020?
And with no shortage of surprises, 2020 brought us a pandemic that caused a 31% GDP contraction and somehow, also a nationwide seller’s market. In HomeLight’s Q3 2020 Top Agent Insights Report, 99% of agents surveyed by HomeLight reported steady or rising prices in their market.
Can a real estate agent talk to you about selling your home?
But don’t let that put you off if you’re thinking of selling your home. Estate agents will still be able to talk to you by telephone to advise you on how much they may list your property for, subject to a physical viewing once restrictions are lifted, and to give you an idea of the market in your area.
Can a person still see your house if it is on the market?
Assuming your home is already listed with an estate agency, they can continue to market it, but potential buyers won’t be able to view it in person until the current social distancing measures are lifted. That said, people can still get an excellent sense of what your home is like through doing a virtual tour.
