When’s The Best Time To Sell Your Knoxville Home?

Deciding to sell your Knoxville home is a big decision.

For most sellers, it can be hard to decide when exactly is the best time to sell. Sellers often wonder if the market and time of year are making it ideal for selling their home. And then, there are also personal factors to consider.

So, when is the best time to sell your Knoxville home?

The Truth About Timing The Market

The truth is there is really no tried and true method of determining when is the best time to sell your Knoxville home. Ultimately, the decision to sell your home will be a summation of factors that ultimate lead you to determine you’re ready to sell your home.

Timing the real estate market when trying to sell your home can be difficult. The truth is no one truly knows what the market will do this month or 6 months from now.  Though, there are some basic market trends that can be helpful to take in account when thinking about selling your Knoxville home.

Reasons To Sell Your Home

Once of the biggest factors is deciding to sell your Knoxville home is having a good reason or reasons to sell your home.

Every seller is different, so every sellers reasons for selling are a little bit different. Here are a few commons reasons that a seller may be considering selling his or her home:

• Home no longer fits your needs (i.e. you’ve outgrown it)
• Relocation or retiring to a new area
• Desire to move to a different part of town
• Change income (i.e. you cannot afford your current home or you desire a bigger home)
• Ready for a change

Those are just a few of the common reasons why Knoxville sellers consider selling there homes. There is no right or wrong reason to consider selling your home. If the thought has crossed your mind and you’ve given it some thought, it’s a good enough reason.

Think About Your Timeline

Depending on your situation, you may be wanting to sell your home right away or you may be wanting to wait for a certain time of year. This is a largely personal decision.

Generally, spring and summer tend to be the busiest times for the Knoxville real estate market. More buyers out searching for homes can mean that your home may sell quicker or that you may get a higher price. Still, this isn’t always true.

There can be some benefits to selling your home during the winter months. A lower housing inventory can mean that there’s less competition and that the buyers out looking are more serious buyers if they’re wanting to buy.

So, ultimately, set up your selling timeline based on your personal needs. If you’ve got the time to wait until spring, there’s nothing wrong with that. Or, if you need to do some repairs around your house, wait until you’ve had the time to get those done.

Bottom Line: It’s A Personal Thing

Determining when to sell your home is largely personal. The financial benefits of selling your home because the market is hot are just icing on the cake. Consider your reasons for wanting to sell and figure out a timeline that works for you.

Are you thinking about selling your Knoxville home this year? Please do not hesitate to contact us. Rick can be contacted at 865-696-9002 or via email at [email protected]. Kati can be contacted at 865-392-5880 or via email at [email protected].