Is now the time to sell my home?

Is now the time to sell my home? I get this question almost everyday. And while it’s a good question to ask– it’s a little vague. There are a lot of factors that go into selling your home. Some of these can be (but are limited to): How much equity you have, home value, interest rates, condition, location, style etc…  These are all things to think about when selling your home. Moreover, they all determine whether or not the time is now.  The best ting to do is have a Realtor run a CMA on your home. CMA is short for competitive market analysis. This process can vary in time and complexity. It just depends on the home.  However, the short version would be this. 

 
A) Realtor compares your home to existing product listed/ sold/ expired in the last 6-12 months. 
 
B) Similar homes are found based on a plethora of factors such as: square footage, bedrooms, bathrooms, style etc…
 
C) Once these factors are established value is based on an average of the factors in section A. 
 
As I said before– this is the simplistic version. Though, it’s a process used by most Realtors when establishing the value of your home. Once this is done it will give you a better idea of whether or not now is the time to sell. 

As always, thanks for reading!

 
-Zac

 

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