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Monday, January 12, 2009

Indianapolis Home

By Ok Kim

A large number of people tend to decide to sell their homes in the spring as they feel this is the best time. Normally they do this because they feel that they are able to show their home off better. However, whether you are selling an Indianapolis home or a home in any other place in the US there are other factors which can influence when is the best time to sell.

In this article we take a look at some of the factors that if taken into consideration may well result in you selling your home more quickly and at a really good price.

1. If you can the best time to put your home on the real estate market to sell is when there are very few properties of a similar style and size to yours. Not only does this put you in a stronger position when it comes to the negotiations, but many buyers are willing to make sacrifices if they see a home they like at a price they can afford.

2. If you are selling your home at a time when the real estate market is healthy with lots of properties available do some research before you put it up for sale. Look not only at similar houses which are currently being sold but also those that have been sold recently. If you can find out how many homes that are similar to your Indianapolis are currently categorized as a pending sale.

If you know the ratio of pending sales to properties that are still available you will be able to see how fast the market is moving. The lower the number of pending sales to properties that have recently been listed means the market is slow and it may be worth your while holding off putting yours on the market.

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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