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Sunday, January 11, 2009

Selling Indianapolis Home

By Ok Kim

Many people when they decide to put their home up for sale will decide that spring is the best time for doing it. This is because they feel that they will be able to show off their home far better to potential buyers. Yet it does not matter whether you are selling an Indianapolis home or a home anywhere in the US there are other factors that may influence when would be the right time to sell.

In this article we look at a few of the factors which can help you to sell your home more quickly and at the best price possible.

1. Ideally it is best to try and sell your home when there are far fewer homes of a similar style and size on the market. This places you in a much stronger position to negotiate with any potential buyer because they will have far less to choose from. Sometimes in situations like these buyers are willing to purchase a home that doesn't fully meet their requirements.

2. If you are considering selling your home when the real estate market is strong (lots of properties on offer) carry out some research before you actually get it listed. Look to see just what price houses of a similar style to yours have recently sold for. Also spend time looking for Indianapolis homes that have been taken off the market because the sale is pending.

If you know just how many pending sales there are to properties still available you will be able to quickly identify at what speed the market is moving. If for example you find there are far fewer pending sales to properties available the market is moving slowly and it may be wise not to put your property on the market just yet. If you do get it listed at a time like this then it could be quite some considerable time before you begin to get any viewings and any possible offers.

3. Another thing which can influence when you decide is the best time to sell your Indianapolis home is the weather. The reason so many people choose to put their home up for sale in the spring is because this is when the weather is getting better. However, it is worth considering actually putting the property up for sale towards the end of the year as well. If you are able to complete the sale of your home by the 31st December then when filing your income tax return you can make certain deductions on it.

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