Want to figure out when you should sell your house in Pflugerville, Texas? Timing the market to find the right moment to sell and maximize your profits is difficult. Selling your home is a major financial decision, so it’s important to think carefully before committing to the process.
There are several factors to consider before choosing the right time to sell. For example, the condition of the housing market, your financial situation, the condition of your home, and whether you also need to buy another property.
So, should you consider when deciding when to sell your house? In this post, our realtors at Your Home Sold Guaranteed Realty - The Salas Team will discuss six tips to help you decide when to start the home selling process. But first, we’ll take a look at the state of the housing market in Pflugerville.
Housing Market Conditions in Pflugerville, Texas
As of March 2023, Pflugerville, Texas, was experiencing many of the turbulent housing market trends that have been affecting many parts of the U.S. These trends include falling home prices, a decrease in the number of homes sold, and longer times on the market. The market is also less competitive, though it continues to remain a seller’s market.
In March 2023, the median sale price in Pflugerville was $406,038, which is about a 16% decrease from a year ago.
There were also 45.5% fewer homes sold in March 2023, compared to the same point a year ago. Homes also remained on the market an average of 64 days longer.
In addition, nearly 27% of homes sold above their list price, a decrease from a year ago. At the same time, the number of homes that experienced price drops rose to 30.5%.
How Do You Know When You Should Sell Your House in Pflugerville?
Size of the Home
The size of your home is one of the top factors to consider when deciding whether or not to sell. It’s important to find a home that fits your needs. For example, you may want to downsize if you’re an empty nester. Otherwise, you’ll be stuck maintaining a home that’s too large, which may be financially draining.
Similarly, you might want to consider upsizing if you’re starting a family. That way, you have the space to live comfortably. Whether you plan to upsize or downsize, be sure to communicate your goal with your realtor so they can help you find the right home.
Equity in the Home
If you’ve owned your home for a while and built up some equity, then selling it might be a good idea. Equity is calculated by subtracting the market value of your home from how much you still owe on your mortgage.
If you have positive equity, then it may be a good time to sell. Depending on how much equity you have, you can use the money to pay off your current mortgage, pay closing costs, and make a down payment on your next home.
Cost of Renovations
A key part of the home selling process is preparing your house for sale. This means paying for necessary repairs and, if you can afford to, additional renovations. Renovations modernize your home and make it more appealing to home buyers.
New paint, floors, roof, appliances, lighting fixtures, and hardware can make your home more visually appealing. In addition, consider remodeling high-traffic rooms. Ultimately, the more effort you put into your home, the more you can justify a higher asking price from buyers.
Seller Closing Costs
As a home seller, you will be responsible for the bulk of closing costs. This can range from eight to ten percent of the final sale price. When you’re deciding when you should sell your house in Pflugerville, the first step you should take is creating a budget that factors in repairs, renovations, and closing costs.
Down Payment on Your Next Home
Another financial consideration for home sellers is the costs associated with buying your next home. This includes the down payment, home inspection fees, appraisal fees, and the costs associated with working with a lender. These costs should also be included in your budget before you decide to sell a home.
Housing Market Conditions
Lastly, consider what other homes in the area are selling for. If the housing market is favoring home sellers and homes are moving off the market fast, it’s likely a good time to sell. It’s important to consult with a realtor to determine the right time to sell your home. They can help you decide when to enter the Pflugerville housing market to sell your home fast and get top dollar.
Work With Us to Sell Your Home in Pflugerville For Top Dollar
If you need help deciding when you should sell your house in Pflugerville, Texas, contact Your Home Sold Guaranteed Realty - The Salas Team. Our team has been helping home sellers in the area for years. During that time, we’ve developed a reputation for selling homes faster and for more money than our competitors.
Clients love working with us because of our high-quality customer service, attention to detail, and unique seller guarantees.
This includes our Guaranteed Sale Program, which ensures your home sells within your desired time frame. If it doesn’t, we’ll buy it ourselves for an agreed-upon price.
To learn more about working with our real estate team and our other guarantees, call 855-331-7653. You can also fill out the form on this page.