When is The Best Time to Sell Your House in 2019?

When is The Best Time to Sell Your House in 2019_

There comes a time for many of us when we need to sell our homes for whatever reason. Perhaps we are tired of our old home and want a new home. Perhaps your home is too small for you because of your growing family. Or, perhaps you need to move to a new location for your job. If we’re paying attention to the market, we know that home prices are going up across the country.

When is the best time to sell your house in 2019? Many experts are saying that the next recession is going to happen at some point in 2020. What does that mean? It means that if the experts are right, an economic downturn will affect the real estate market. In other words, you may have a hard time selling your home.

So what should you do? If you believe the experts, you should sell your home in 2019, not 2020. Now when is the best time to sell your home in 2019? Selling your home in the spring of 2019 is the best time to sell, according to the experts. The weather is warmer, so people are more willing to leave their homes to look at new ones. All the spring flowers are beginning to bloom, which comes into play with regard to curb appeal. Preparing your home for sale is easier when the weather is warmer rather than colder. However, you need to study your neighborhood and see if there is any particular time where homes sold more than another time.

Now that you know when to sell your home, you’ll need to make sure it’s ready for sale. Here are suggestions for success:

Make sure your front and back yards are in good condition.

You’ll be selling your home in the spring, and this is the time to ensure that your front and backyard are in good shape. Nothing will stop a sale faster than a home that is sitting with yards that are in poor shape. Therefore, you should invest the time and the dollars, if needed, to get your yards in shape. Ensure that your grass is in good shape, that the weeds have been pulled, that flowers and other plants are well maintained, etc. If it is a job that you are unable to do on your own, it’s worth it to invest in a gardener.

Paint the inside and the outside of your home.

Another thing that can help with the sale of your home is paint, and it’s one of the least expensive ways to make improvements. Give the inside and the outside of your house a fresh coat of paint where painted surfaces exist. This is a job that you can do on your own if you are unable to afford a painter. Plan your colors and work from there. If color combinations are overwhelming to you, white paint is always a good standby.

Fix your fencing.

If you have a fence around your home, ensure that the fence is not broken or worn. Again, just like a front or backyard that is not in good condition, a broken fence will take away from the look of your home and significantly affect the ability for you to sell your home. Repair any broken fencing or replace the entire fence if needed. When you are making your home look good for sale, you don’t have to buy the top-of-the-line materials. Choose affordable materials that look good and that will help the sale of your home.

Wash your windows.

When was the last time you washed the windows of your home? Few people enjoy washing windows. However, if you want to sell your home, your windows need to be clean, particularly when you are selling your homes in the spring. Wash your windows yourself, or, hire someone to do it. This is a step that should not be skipped.

The best time to sell your home is in the spring and before 2020 when experts say another downturn in the economy will happen. When people have less money, they are less likely to buy a home. So sell your home before 2020. Ensure that your home is in the best shape for sale, and that includes the inside and the outside.

Related:

Repairs You Need To Make Before Selling Your House

Repairs You Need To Make Before Selling Your House

Selling a house is a difficult endeavor. The problem isn’t necessarily to find a buyer, but to find one willing to offer you a fair price. Besides, if your house is in dire need for repairs, you may not be able to sell it unless you curb its appeal by fixing all those problems. This article takes a closer look at the most important repairs you need to make in order to curb the appeal of your property.

The exterior of your house is the first thing potential buyers see when they come to visit. Dirty walls and cracked painting aren’t meant to make these people fall in love with this building and see it as their next home. A fresh layer of exterior painting will improve the look of the house without affecting your bank account very seriously. If you don’t have the skills to do it yourself, you’ll need to hire a professional painter to do it. Either way, don’t forget to take a closer look at the windows, so that you can make the necessary repairs.

The front door is another element that can influence the first impression of potential buyers. Old and run down doors aren’t appealing, so make sure you either repair or replace your front door. This is yet another relatively inexpensive improvement that can have a strong effect on the viewers. The roof should also look good. However, you should consider very carefully this type of repairs, as they can add up to important amounts of money. Always seek for expert advice, so that you can find the best compromise.

Interior walls should also look neat and free from stains, dirt and dust. If you can’t wash them, apply some fresh paint. You don’t need fancy colors or intricate decor elements to make your home look comfortable and welcoming. Clean, white walls featuring some modern art items can do wonders when it comes to curbing the appeal of your house and making it more attractive.

It is easy to understand that you should repair all leaks or plumbing problems. Nobody would want to buy a house that’s been exposed to high humidity levels, as everybody fears mold and mildew. If your visitors notice leaks, they will think twice before agreeing to purchase your home. Besides, a leak that has been ignored for a long time says something about the homeowner. Potential buyers will consider you sloppy and will fear that your home may have various other hidden flaws you haven’t bothered to address.

The floors are also easy to repair and to clean, so that they look like new. If you have carpets, consider hiring a professional cleaning service. Cleanliness can improve the looks of any home, so do your best to clean everything as well as you can. If the carpet is stained or worn out, you should replace it. However, you need to be aware of the fact that different people have different taste in interior design and flooring solutions. The future owner may decide to replace all carpets and floors anyway. Nonetheless, you need to do your best to make your property look good, without spending a fortune on improvements and renovations.

All kitchen appliances have to be spotless clean and perfectly functional. If some of them are broken, you have to repair them before putting your home up for sale. The sinks and the faucets should also be fully functional. You can rest assured that most people visiting a home for sale will try at least one faucet to see how smoothly it works. If you have an old and dirty shower curtain, consider buying a new one. This is a cheap investment that can take you a long way. This also applies to all curtains and other window treatments. They’ll need to look clean and fresh, even though the future owner of the house may decide to replace them.

These are a few repairs you have to make before selling your house. Also, remember that you should de-clutter your yard and repair the fence, if needed. Toilet the trees, mow the lawn, and do everything you can to create a positive first impression. Sometimes, this can help a house sell faster.

Related: The Getting Started Guide To Selling Your House Quickly

The Getting Started Guide To Selling Your House Quickly

The Getting Started Guide To Selling Your House

There’s a lot of information out there on selling your house, and you’re going to find so many variations on the same information. But before you start digging into a bunch of articles, it’s important to get your foundation first and understand the basic principles in selling your home.

Many other tips and tricks are going to be the little details that you can take action on, but you have to understand why they work before you implement them

Understanding human psychology is key to why sales work

And that goes for selling your house, as well.

In the end, the person that’s buying your house is looking for something, and they are going to be influenced through sales methods just like with any other product or service.

This is why curb appeal is touted as one of the most important aspects of your home during its selling process.

We buy with our eyes first — if it catches our attention and looks attractive, then our mind is going to make it stand out more from all the other types of inputs and options that may be available to us.

When someone pulls up to your home, they’re going to have a first impression. That first impression may be a negative one, thus making it less likely to purchase the home, or it might be a neutral one, where the home simply isn’t that memorable to them.

But if it’s a very positive impression, then they’re going to keep a mental note of that when they pit it up against the other homes they check out.

Remember, your house is not the only house that’s going to be looked at by buyers (and that even includes investors).

This is why the curb appeal tips are so prevalent in almost any home selling article.

You can take a look at some of these tips for increasing curb appeal so that your home can have a higher chance of making a great first impression.

Review your agent’s work!

Look, there are a lot of a really awesome agents out there, but for every single great agent, there are about 50 really terribly ones.

The most simple and basic principle to listing a home for sale is taking really good professional pictures, yet so many agents skip out on this to cut cost and commit a severe disservice to the property.

High quality professional photos of the exterior and interior can drastically increase the appeal of the property online, and may even be able to help it sell for a higher price.

The initial cover photo on the listing tends to be the front of the house, and in a lot of cases, this is the wrong thing to do.

If the front of your house is unusual or it simply doesn’t look special (in a good way) in any fashion, then consider taking a photo with a different angle.

If the property contains more than just the house, like a pool, large area behind the house, etc, then you’re better off taking an aerial drone shot of the entire property.

This is great for estate, farms, and other larger properties that contain more than just the main house, especially if there are multiple buildings on the property.

By making this your cover photo for the listing, you’re going to attract more potential buyers than just the front door and some attached wall and windows.

Sometimes the MLS is not the best option

listing with an agent and the MLS is a great option if you can hold out for top-dollar.

Realistically, this takes a LONG time and sometimes it won’t pan out as well you like. This is especially true if you’re relying on the market heavily for the value of homes in general (we’re apparently entering a bear market right now at the time of writing).

Waiting several months for the “season” of home-selling can often cost you a lot of money simply with mortgage and associated house costs. Sometimes you’re better off just getting rid of the property sooner.

This is where real estate investor companies come in. You can sell your house fast to these kinds of companies because they’re operating with their own funding sources. They are able to offer cash for the property and close in a much smaller time window that a traditional sales process.

What’s the catch? You’re going to get less for the property. How much less? Well investors are generally offering about 70% of the property’s value.

Now, they don’t deal with agents and they usually cover closing costs, so that does save you about 6-10%, but you’re still going to come out with about 15-20% less in the sale than through the market.

If you factor in 6-7 months of mortgage and other costs in addition to the lack of agent commissions and closing costs, your differential is much smaller.

So, it really comes down to what your needs are, when you need to sell, and the number you need to reach in order to sell the property. But it’s really a good option for some folks that are tight on time.

That’s it for now!

Check back for more updates on our homepage for real estate tips and tricks.

You can also check out the video below for more information on selling your house quickly, should you decide to go through the traditional sales process.

Rental Properties as Real Estate Investing

real estate investing rental properties

Lots of people have said that real estate is where it’s at when it comes to investing, but what they don’t talk about are the different ways to do it.

When you think of real estate investors, what comes to mind first?

Is it flippers? Thanks to so many of the HGTV or similar shows, that might very well be the case. Shows like these have made flipping and remodeling very popular.

But flipping is only one aspect of real estate investing.

The most common method of real estate investing that promotes long-term wealth is actually what is called the buy-and-hold strategy.

Here’s a thorough example of rental strategies that can be long or short term, depending on what area you’re in and what route you want to take.

Long-term rental strategies are the traditional year-long or more leases that have a tenant living in the property.

Short-term rental properties are more along the lines of AirBnB or similar services, where the properties are in areas of high demand and people are looking to rent a home during a stay in the area.

The difference between the two is the profit vs the time spent on it as a business.

When it comes to long-term rental properties, it’s important to have things in place like property management, liability or landlord insurance, and a lease.

With short-term renting, you have to make sure the bookings are managed, there’s always a 24/7 emergency service, a cleaning crew in between each visit, managing the reviews and stays of each guest, and the furnishings and other things for the property that a guest would expect to have.

There’s a little more work involved in this method, but the returns are 2-3x higher or more. It’s more of a business than just being a landlord, which affords different kinds of opportunities because of the type of connections you can build with other events or businesses in your local community.

Either way, it’s important to do your research when getting into rental strategies like this.

The first thing to do is understand your market, then begin your search for different types of properties that are for sale or are about to come up from lease in 1-2 months.

You may want to prioritize special destination areas or maybe high-interest places like downtowns, concert zones, or beaches.

You can approach homeowners that usually go with long-term leases and see if they may be interested in partnering up with a short-term rental model.

This can prove one way to start lining up a bunch of properties without taking cash out of your pocket.

As always, check back on our homepage to find out more about real estate strategies as we’re going to continue bringing more and more updates!