Selling a home is a big decision and knowing the best time to sell a house in Sevierville can be hard. The timing of your sale matters. Selling your home at the wrong time means your home could linger on the market or not sell at all.
To help you sell your house in the current market, follow along as we take a deep dive into the real estate market and how it affects your sale.
1. Overview of Sevierville’s Housing Market
The housing market is a combination of factors that predicts success in the real estate market. Here are some details on the state of the real estate market in Sevierville.
The real estate market has been volatile for some time. Last year was especially hard on the housing market. Historically high interest rates caused mortgage rates to increase. The supply of homes for sale was low, while demand and prices were high.
While experts may be divided on where the real estate market will take us in 2023, there are some factors that we can predict.
Housing inventory will stay low while demand remains high. This is in part because homeowners will not want to take out another mortgage while rates are high. The homes that are available for sale are more likely to have bidding wars. These competitive bids will likely drive up the price of the home. This is good news for home sellers!
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 Sevierville is now! Low supply, high demand, rising prices and falling interest rates are a good formula for success!
2. Seasonal Fluctuations in Sevierville 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 Sevierville
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 Sevierville. 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 Sevierville! 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.