You have lived in your home for a few years, but you have just received an increase in pay. You begin thinking of moving into a bigger home in a nicer neighborhood. In such unpredictable economic times, you may be hesitant and wonder if it is the right time to sell your home. Will you be making a huge financial mistake if you sell. No one can predict the future, so ask yourself this- Why do you want to sell? This is a lifestyle decision that really doesn't depend on the time of year. You want to be absolutely sure in your own mind that the move makes sense. Talk to friends, family, and real estate professionals. This should help you make an informed decision, but remember it is only you making the leap and can determine if it is the right move.
Is there really a "best" time to sell? Conventional wisdom says that the best time to sell is in the spring because of the large number of Buyers, but you must take into consideration that it is also the time with the highest inventory. So what about the winter? A good idea, perhaps, since it is a time with less competition and fewer houses on the market. The summer may bring Buyers that feel a sense of urgency because of the approaching school year, and in the fall empty nesters not concerned with school opening dates may be more eager to buy . The bottom line: Don't tie your moving decision to anytime of year. You will sell your home when you know are truly ready!