How long have you had your home for? Five years, ten years, twenty? It doesn’t matter how long it’s been, the question is are you ready to sell? Are you at a place in your life where you feel that selling your home is the best choice for you? Then you need to sell, regardless of where the market is.
Actually, where the market is right now is important because that will influence what you can get for your property. If there are plenty of interesting offers out there, you can get near your asking price. However, if the field is bleak, the price will have to go down. This is why it’s important to work with a realtor before building expectations on what the selling price should be.
Why 2025 Is The Year To Sell
If you are ready to sell there is one important reason why you should, home values. Even though the market isn’t as strong as it was a few years ago, the fact is that home values have stayed strong and even increased in certain areas. How long will that continue? It’s difficult to say and if you are banking on a big cashout to cover your retirement or next big venture, you need to consider doing it sooner rather than later.
Challenges Of Waiting
While this is the year to sell, there are still going to be some challenges that you need to be aware of. Speaking with your realtor will help you not only set reasonable expectations, but also give you an idea of what to expect. More than likely, to get full value or your asking price, the property needs to be in great condition. That may mean putting work and money into the property first.
Another challenge is having to wait. The buying field has been limited because of interest rates and that means that the buyers who are still out there, and there are a lot, are going to be more patient. That simply means you have to be patient. These buyers have less competition and more inventory than they’ve had in almost five years.
Your realtor will review your situation, the property and the market to give you their opinion on if and when to sell. That’s why it’s important to work with someone who is not only knowledgeable, but experienced in the local market.
