How to Choose the Right Time to Sell Your South Pointe Naperville Home

How to Choose the Right Time to Sell Your South Pointe Naperville Home

The revival of the real-estate market has made many homeowners happy. Home equity is on the rise again and the market predictions for 2014 look good. Laurence Yun, chief economist for National Association of REALTORS® (NAR), foresees home prices rising by 6 percent this year. If you are having second thoughts on whether to put your South Pointe Naperville home for sale or not, consider the following:

1.                 Why do you want to sell? For the majority of homeowners, the decision to sell a home is driven by life-changing circumstances such as a job transfer, a growing family, becoming empty nesters, taking in elderly parents and the like. Some homemakers, particularly those who postponed selling due to turbulent market conditions in the past, are now being encouraged to sell because of the rebound in home prices and the optimistic forecasts for the real estate market.

2.                 Is there a best season to sell? The conventional answer would be Spring since that is the time when most people are out looking for homes to buy. Fall can also be a good time to sell with its mild weather. In the winter, people are busy with the Holidays but there is less competition with fewer houses on the market. A lot of people go away in the Summer, however, some buyers may feel the sense of urgency with the new school year approaching -- so this may be a good time as well. The main point? Put up your South Pointe Naperville home for sale when you truly want to move and don’t tie your decision to any season of the year.

3.                 Do the math. Enlist the help of your REALTOR® and ask for competitive market analysis, as well as a realistic selling price and identify the items that need to be fixed. Once you have these figures, deduct all the costs of getting the house ready. Estimate your selling and moving expenditures as well. Can you afford this transition? How will this affect your long-term financial plan?

Look at the reasons you are thinking about selling, review your options, run the numbers and decide whether you are prepared to sell your South Pointe Naperville home now.  

If you need the help of a trusted REALTOR® in selling your South Pointe home now, call Teresa Ryan at 630-276-7575. Teresa Ryan is the broker/owner of Ryan Hill Realty.

Teresa Ryan

Broker/Owner, CDPE

Ryan Hill Realty

1001 E. Chicago Ave., Ste. 103

630-276-7575

TRyan@RyanHillRealty.com