It’s never easy to decide whether to sell your home. Sometimes, selling your home simply can’t be avoided, like in situations where you’re offered a new job or need to attend to a sick family member across the country. However, if time is on your side and the decision doesn’t have to be as rushed, you can take more time to decide if it’s the best time to sell your home. If you’re considering moving away from Knoxville, here’s how to know if you should sell your house now.
It’s a Seller’s Market
In a seller’s market, there are more people looking for a home than there are homes for sale. You might be able to determine if you’re in a seller’s market through your own research or through speaking with a realtor. Regardless, if you find that Knoxville is experiencing a seller’s market when you are thinking about moving, it would be the perfect time! You’re more likely to close on your home quickly and receive a fair offer that may even be above your listing price.
It’s the Right Season
We don’t mean this figuratively talking about the right season of your life; there is a literal season of the year that is better to sell your home in Knoxville than other times. But the best season for you to sell your home is going to depend on whether you want to close quickly or get more money. If you’re looking for a quick deal, the best month to sell is in August, when homes stay on the market around 9 days less than average, according to HomeLight. To close in August, you would probably need to list your home in May.
On the other hand, if you’re looking to get more money for your home, you would be best served to sell your home in June. During this month, homes tend to sell for more than 5% over the yearly average. To close on your home in June, you would probably need to list in March.
Life Can’t Wait
We’ve alluded to this a bit already, but sometimes, the decision to sell your home and move isn’t up to you. If life is getting in the way, it might be a good idea to sell your house regardless of what’s happening in the market. In situations like these, it might be worth it to consider working with a cash buyer!
Cash buyers are investors who are willing to purchase a home as is, saving you money on realtor commissions or expensive repairs. You may have worked with a cash buyer in the past to sell your home in North Carolina or another state across the country, but they are quite common in Tennessee as well. Accepting a cash offer is the perfect solution if you don’t want to deal with the hassle of hiring a realtor or you simply need to get your home sold fast.
If you’ve been asking yourself, “Is now the best time to sell my house in Knoxville?” we hope this article has given you a bit of insight. Best of luck!