It’s no secret sellers want to get the most money for their homes. When we’re talking to a seller who is considering selling, they always want to know “When is the best time to sell a home in Austin?” The answer is – it really depends on your situation. But, for this post, we’re going to look at two factors: when you plan to buy another home and when you don’t.
Best Time to Sell When You Need to Buy a Home
When you need to buy another home, its often best to sell during the best time to buy a home – winter. It’s true you may not get as much for your home during the slower winter months, however, what you don’t get on the selling end, you’ll make up for on the buying end.
Take Advantage of Historically Low Interest Rates
We continue to see historically low interest rates, which will will make a much bigger impact on your monthly mortgage payment than the purchase price. Though interest rates have been low for some time, experts keep predicting regulations will tighten, resulting in a rise in rates. Waiting until the busy spring months to sell may get you a few extra thousand for your home, but if interest rates are higher, you’ll have a higher monthly payment for a less expensive home.
Best Time to Sell When You Don’t Need to Buy a Home
If you’ve already bought your next home, or if you don’t plan on buying another home, it’s best to wait until the busier spring months to sell. During the spring more buyers are out looking and more competition usually means more money. The more interest you can attract, the more chance you’ll have of multiple offers.
Thinking of Selling Your Austin Home?
We can help you determine the best time to sell for your situation. And, with our comprehensive marketing program, your home will sell faster and for more money – no matter when you choose to sell. For more info about our seller program, check out our Austin Home Seller Program to see how we’re different than every other Realtor in Austin. Then, call us at (512) 827-8323 or email us at info@11OaksRealty.com to schedule a no obligation consultation.