Do you know when is the best time to sell a house in Knoxville?
Home sellers everywhere are nervously watching the real estate market. This anxiety is warranted given the extreme conditions of the market in recent months.
When you need to know the facts about the market, you can turn to us for objective information and sound advice. Take a look at the factors that influence the market and how they will affect your home sale below.
1. Overview of Knoxville’s Housing Market
You may have heard a lot about the housing market lately. This can be a confusing topic.
The “housing market” is a combination of factors that affect real estate transactions. It is closely tied to the overall economy.
So what is the state of the housing market in Knoxville? Last year reflected many changes in the market, not all of them favorable to home sellers. Historically high interest rates caused mortgage rates to skyrocket. The inventory of available homes for sale was low, which kept prices high.
As for the state of the current market, experts are divided. Despite this, there are some influencing factors that are undeniable.
We will continue to see a low supply of homes for sale. Because there is little supply, demand will remain high. High demand typically leads to higher prices. This is good news for sellers, who may be able to use the high demand to their advantage to get a higher sale price for their home.
There is some disagreement about whether home prices will rise or fall. However, 3 out of 4 of the major firms that analyze real estate markets agree that home prices will rise! Even more good news is that they also predict that mortgage rates will continue decreasing. This means that it will be more affordable to get a mortgage for your next home, once your current one sells.
If you’re wondering when the best time to sell a home in Knoxville is now! Low supply, high demand, rising prices and falling interest rates are a good formula for success!
2. Seasonal Fluctuations in Knoxville Real Estate
Did you know that the time of year can affect the success of your home sale?
Experts agree that Spring is the best time to put your house up for sale, while Winter is the worst.
Why does it matter when you put your house up for sale? Because if your house sits on the market for too long, you’ll lose money one of two ways. You could be forced to slash your listing price to sell. Or, you could lose out on potential bidders. They may assume something is wrong with your home if it’s on the market for too long.
Embrace Spring by listing your home with Tracy King, Your Home Sold Guaranteed Realty. Have to sell during the Winter? Don’t worry – our experienced realtors have the tools to help you achieve your real estate goals no matter the season.
3. Personal Considerations When Selling a House
Sometimes, you don’t have the luxury of waiting for the peak-selling season to sell your home. Change in employment, illness, divorce or other life changes may make an immediate sale necessary.
When you decide to sell your home, carefully consider your personal situation to determine whether you can wait or if there is urgency to the sale.
Now you know when to sell, let’s look at tips to help you sell your home fast for top dollar.
4. Tips for Selling a House in Knoxville
One great way to ensure that your home sells fast is to get your home showroom ready.
Beyond doing a deep clean of your home, banish clutter in exchange for a clear organized space. Don’t let your tidying end at the front door: well-placed landscaping and power washing do wonders for your curb appeal!
You should also help the potential homebuyers visualize themselves in your space. This can be done by changing your color palette to neutral colors and removing family photographs and mementos.
The best way to ensure that your home sells when you want for the price you need is to work with an experienced realtor in Knoxville. An expert realtor can help you be successful regardless of the market or your personal circumstances.
Sell Your Home Fast and For Top Dollar With Tracy King
Now is the best time to sell a house in Knoxville! Take control with the experienced realtors at Tracy King, Your Home Sold Guaranteed Realty who are available to help you right away. With our Exclusive Buyer Profile System, we’ll spread the word about your listing to qualified buyers in the area. This guarantees that we will sell your house fast and for top dollar, regardless of the condition of the market.
Begin your journey with us by calling 865-830-3908 or completing the below form for more information.