2020 has been a tough year for most people. With the global COVID19 pandemic causing massive disruption, every facet of life has been affected. With all of the challenges that the pandemic has thrown at us, you’d be forgiven for thinking that the 2020 housing market would be in trouble.
If you are thinking about putting your property on the market, you may be reluctant. With a year like we’ve had, who could blame you. You may be wondering when to sell a house, given the current climate.
So, when is the best time to sell a house?
In this article, we’ll take a deep dive into the current state of the housing market, and we’ll let you know how to sell my home fast.
Are There Any Advantages to Selling Now?
Although the current pandemic has caused a lot of financial uncertainty, selling your house is still a good option. While the pandemic’s effects on the global economy are yet to be felt, people are still buying houses.
In fact, there are currently more buyers than there are homes for sale. That means that right now is a healthy time for selling your home.
Of course, we don’t yet know what the next year will bring. With the risk of many companies going out of business due to the COVID19 pandemic, we are likely to see many job losses. This, in turn, will affect the housing market and will cause buyer numbers to drop.
A downturn in the economy will also affect consumer confidence. People may be reticent to commit to something as big as buying a new home and may wish to hang on until the situation stabilizes.
All of this translates to the fact that right now is a great time to sell your home; however, things may change in the near future.
What Is Driving Buyer Demand?
Spring is usually the busy season in real estate. After the winter months, people start thinking about moving houses, and there is often an increase in activity. 2020 was quite different. The pandemic was in full swing around spring, and nobody was buying.
This meant that buyers who would normally have been buying in the spring and summer have now resorted to buying later in the year.
In addition to this, many people are deciding that they need to upgrade the size of their home.
After spending months in lockdown or quarantine and going through the process of working from home and homeschooling their kids, many families have decided their homes are too small.
Added to this, the fact that many businesses are talking about keeping their workforces remote will mean that many buyers who would have usually been looking closer to towns and cities are spreading their net wider when looking for their next home.
All of this translates to more buyers. Not only are there more buyers in the market, but the buyers are also behaving in new ways.
How to Sell Your Home Quickly
Right now is the perfect time to sell your home. Not only are there currently more buyers than there are homes, but with the economic uncertainty of a COVID19-related financial crisis looming, you will need to be quick when selling your home.
Selling your home can generally take quite a long time. You will often need to make preparations for your home to get it ready for the market. This may include carrying out expensive home improvements to make the property more appealing.
Often, by the time a home reaches the market, it could sit for several months before it sells. Obviously, given the precarious nature of the current crisis and the potential financial problems that may arise from it, you may not have months.
It is far better to go for a quick sale. But how do you achieve this?
One of the best ways of guaranteeing a quick sale is to sell to a company that buys houses. You will get a fair appraisal of the property’s value from the outset, and if you choose to accept the offer on the table, the sale could go through in a matter of days.
What Are the Benefits of Selling Your Home for Cash?
There are several key benefits to selling your home to a cash home buyer. As we have already established, you will get a fair price for your home, and you will be able to sell your home quickly.
There is no chain associated with the sale. That means that there is no risk of the sale falling through at the last minute.
There is no need for a realtor. Realtors can be costly, and it can take a while for them to market your home.
While your home is on the market, you would normally have to let potential buyers come inside your home. This can feel invasive. When you sell to a cash home buyer, there is no need for this to happen. Your home will get viewed once only.
There is no need to worry about upgrading your home before you sell it. This will save you time, money, and effort.
When Is the Best Time to Sell a House?
So, when is the best time to sell a house? Given the fact that we are currently in a seller’s market with more buyers than there are properties for sale, right now is the best time to sell your home.
At Lisa Buys Austin Houses, we buy any house regardless of condition, with no agent fees, commissions, or closing costs. Your home could sell within seven days.
To get a full appraisal of your property, get in touch with our team today.