When Should You Sell Your Home?

If you’re thinking about selling your home in Aspen, the first thing you need to know is that there’s no one-size-fits-all answer to the question “When should you sell your home?” However, based on your individual circumstances, you can zero in on the best time to put yours on the market so you can sell it quickly and for top dollar.

When you’re deciding on a good time to put your home on the market, the best thing you can do is call a real estate agent who understands what’s happening in real estate sales today, what happened yesterday, and what’s likely to happen tomorrow.
All these facts matter when you’re thinking about selling:

The health of the local economy
Mortgage rates
Your home’s condition

The Economy

The local economy has a lot to do with home prices. When the economy is strong, the worth of your home – and everyone else’s home – generally goes up by about 3 to 4 percent. When it’s weak, that’s not going to happen.
Your real estate agent can let you know how long it’s taking to sell homes in Aspen and the surrounding communities, and whether you should wait things out or list it right away.

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Mortgage Rates

When mortgage rates drop, more people buy homes. That’s because they’re more affordable – and if you’ve been keeping your eye on the market, you know what things look like right now. Your best bet is to talk to your real estate agent about what’s happening with interest rates and look at historic data to see if you can spot trends.

Your Home’s Condition

Don’t put your home on the market until it’s really ready to sell at the price you want for it. Your house has to show well – meaning that buyers have to like it when they see it – and if it needs repairs or upgrades, you’re lowering the chances of that happening.