Deciding To Sell
Making the decision to sell your house is never easy. Buying a house in the first place is a huge commitment, and one most of us don’t take lightly. But life happens, and unexpected circumstances occur when we least expect them. You may just need a bigger house, as your family is expanding. Or, perhaps your children have grown and moved out long ago, and it’s time to downsize. You could be facing a divorce, or have a job you want to take in another location. Maybe the threat of foreclosure is looming in the background. There are a million different scenarios, but the bottom line is that you have decided selling your house is a distinct possibility. So now you’re asking the question when is the best time to sell your house? Well, we have some information on the subject for you.
Time Of Year
Does the time of year matter? Well, according to some sources, yes. Apparently, houses sell better during the summer and spring months. However, that varies greatly depending on what city you live in. Much depends on the weather, and in colder climates home sales decline significantly in the winter, but in warmer climates doesn’t show nearly as big of a difference. In Las Vegas, the numbers don’t change a whole lot between September when 98.7% of houses sell, to December, when it drops to 98.2%. But in Minneapolis, in September it’s 99.8% as opposed to December at 98.9%. Overall, typically it’s better to sell your house in the nicer weather than in the cold. Also, they sell for more money in warm weather. According to statistics, the best time to sell is the first 2 weeks in May, when you’ll sell a little more than 18 days faster and for 5.9% more money, which can add up to a significant increase. However, in Las Vegas, the best time to sell is June through August, and even in the month of October. It is estimated that over 5,000 people a month move to Las Vegas.
The Market In Las Vegas
Although the entire world was recently hit with the pandemic due to COVID-19, it is currently not affecting the Las Vegas housing market. In fact, housing prices are at record highs, with historically low interest rates as well as a high demand for the homes on the market. Apparently, there is no market downturn for the Las Vegas housing market, which is great news for home sellers. This past July (2020) saw the highest amount of home sales since 2017, and a 5.1% increase in the price, which was then at $310K. Already, Las Vegas has rebounded from the pandemic in a big way, with new businesses popping up everywhere, making the housing market even more enticing for buyers. However, the unemployment rate was the highest among national cities, at 34% in April 2020. Now that they have permission to resume business, it is expected to get back to normal soon. Las Vegas is building new businesses, as well as its economy, both faster and higher than the national average, by quite a bit. It seems safe to say that this city will recover quicker than ever, and sooner rather than later, it will be back to “business as usual”.
Valid Points To Remember
Regardless of your situation, there are some things to take into consideration, if you are thinking of selling your house. For one thing, you’re going to have to think about all the repairs and remodeling projects you always meant to get around to. Full disclosure, a required inspection, and an extensive checklist will help keep you honest, so don’t think you can just ignore them. Be sure you are able to handle the cost, and remember to figure in the extra time it will take. Next, keep in mind the seemingly never-ending open houses you will have to prepare for, meaning extensive house cleaning and always keeping your house show-ready. It’s a pain in the you-know-what, but absolutely crucial in order to sell your house. It’s just one of those things you have to see, before you buy it. Next on our list is the cost, to sell your house in the traditional manner. Closing costs will be anywhere from 2% to 5% of the sale price, and don’t forget the realtor’s commission, another 6% or so. Plus, most likely there will be some sort of legal fees, and then there’s the cost to have your house inspected, another $400 to $600+. This doesn’t include the cost of the actual repairs, of course. Lastly, it’s a lengthy process. The average time it takes in Las Vegas to sell your house is approximately 3 months. If you’re in no hurry, then no big deal, but if you are, that could be a problem. So the question is, can you afford to sell your house?
Cash Home Buyers
There are many advantages to using a cash home buyer such as Sellyourhousefastlv. All of the issues just listed above are null and void, which are some pretty big incentives. And if that isn’t enough, you get cold hard cash in your hot little hand, in as little as 2-3 weeks. They take your house in as-is condition, which means no extra cleaning or open houses, no repairs needed, and no inspection costs. And speaking of costs, there are none. That’s right, you pay absolutely nothing, and you are not obligated in any way. You don’t have to pay a thing, with a cash home buyer like Sellyourhousefastlv, they cover all the costs associated with the sale of your house. Yes, it’s true that you won’t get quite as much for it, but given the amount of money you’re saving, it’s well worth it in the long run. Fast, easy and cost-effective. What more could you want? So when you’re wondering when is the best time to sell your house, we hope this article helped to answer that. Any time is a good time, in Vegas, for selling your house.
