The I get most often is "When is the best time to buy or sell a home?"

Dated: September 9 2019

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When is the best time to sell a house? 

Friends and Clients —

One of the most frequent questions I get is:

"When is the best time to buy or sell a home?"

I’ll give you my thoughts on this in a second. But first, I want to challenge the idea that there is a “best” time to buy or sell. Here’s why:

1. Mortgage rates jump around. Mortgage rates fluctuate daily, much more quickly than the overall housing market. And even a small change in rates could mean a large difference in real home prices — whether you're selling or buying. These changes are unpredictable, making it hard to ever be sure of a “best” time to buy or sell. But that’s not all.

2. Statistics only tell part of the story National and state real estate trends are the averages of millions of different transactions. When you boil them down to a few numbers, lots of details get lost. The fact is, home prices and demand can vary county to county, neighborhood to neighborhood, and even home to home. While it's nice to have a simple indication of where the real estate market is going, you still need to look at local conditions first. Which brings me to my final point:

3. Your personal circumstances matter Your own goals, family situation, financial outlook — all of these matter enormously when deciding when to buy or sell a home. After all, buying or selling a home is not just a one-time decision. It's also the beginning of a new period in your life. And that's why deciding if you should buy or sell is not a matter of timing the market. Instead, it’s about looking at complex external factors such as prices and mortgage rates and seeing how they line up with your unique circumstances. Perhaps you're disappointed that I don't have a simple answer for you. But I hope you’ll agree with me that there is no simple answer. That's not to say it's impossible to make a smart decision about when to buy or sell.

Call or text me at 440-227-4461 for more info.

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Rita Legan

It is smart to have someone with 30 years experience on your side. I will be there for you during the sale and beyond. Because your real estate buy or sell is my passion, my sacred trust. I help you b....

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