Sell My Home and Sell it Now!

There is a phrase often spoken by many people: “Sell my home!” It is not an unusual situation for someone to find themselves in, to really want or need to sell their home. For most people, their home is the single biggest asset they have; it holds most of their wealth. And, there comes times, for various reasons: death in the family, divorce, having to relocate etc. that you realize “I have to sell my home” and move on. Sometimes into a new home, an apartment, or maybe even a new country in you are emigrating overseas. Sometimes, it is even in the same home which you have rented back but you will have taken control of your finances when you sell your home.

Now, if you are lucky, then time is not a factor and the issue of speed is not something you have to worry about when you sell your home. So, you can sell it yourself, put some ads in the newspapers, plant some signs on your front lawn, and list your home on some web sites. Of course, there is always the option of hiring an estate agent: that’s what most people do. Now, depending on the market, you may sell quickly or slowly, even with a first-rate estate agent on your side. As an example, not long ago, the housing market was boom-boom-booming! Homes would sell in one day; and then go right back on the market to sell again. Now, things have taken a downturn.

The reasons behind these wild fluctuations are interest rates, and the economy. When times are good and rates low, people are looking to get their dream home, so, they start buying. And, as we all know, the old law of supply and demand is the critical factor. Demand goes up, prices rise and people start to see a way of making some quick money, so homes sell like the proverbial hotcakes! But, like anything else in life, there are cycles to the housing market. Prices can only rise so high, and then they must level off. People over extend and then come the inevitable foreclosures. With those comes a glut on the market. In addition, when housing prices rise, there are builders who will start building in order to meet that need. Between the foreclosures and the new homes, you get a “double whammy” to the glut, and prices start to fall. That is not the time to think: “Hey, should I sell home now?”

So, what can you do to insure you get the best price when you decide: “I want to sell my home?” First, follow the housing market; see where prices are at the present time. Then ask yourself this question: “Is this the best time to sell my home?” Of course, if you have to sell, for whatever reason(s), that question is mote. But, if time is not an issue, try to wait for the next rise in the market. It is not hard to see it coming!

Let us look at some key indicators: Is the economy on the rise? What is the availability of homes in my area? What are the current mortgage rates? How is my area doing in general? What are homes selling for in my area right now? Look at all of these before you decide to put your home on the market. If you are lucky, they are all at the optimal point. That is when you tell your estate agent: “Time to sell my home!” Alternatively, and this is the really clever thing – if you really want to move, and you have found somewhere you want to move to, or if it is just now as plain as the nose on your face that you need to sell right now to sort out your finances, contact a property buying company; one yell of ‘sell my home!’ and they’ll be only too glad to help, arranging a valuation, handing over the cash and leaving you free to move on whilst they are the ones left to worry about whether they can get another buyer.

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