In today’s seller’s market, many Americans have considered listing their homes to capitalize on record-high prices. Timing can decidedly make a difference when it comes to selling your home quickly and for its maximum value. And while there are no hard and fast rules as to when you should put your house on the market, it is important to consider factors, including your local economy and mortgage interest rates.

Following are some key factors to weigh before you list your home:

Follow the local economy closely

Home sales are directly tied to the economy’s health. If the economic activity slows, fewer buyers are likely to enter the housing market. A nationwide recession can cause a slump in prices, while a strong economy driven by inflation and natural population growth can boost a home’s value.

But national trends only tell part of the picture. You can have a boom in one city and a bust in another. Make sure to keep tabs on leading measures of U.S. home prices, such as the  S&P CoreLogic Case-Shiller National Home Price Index.

Keep an eye on current mortgage rates 

When mortgage rates drop, more people buy homes. Be sure to track mortgage rate trends both nationally and in your local market. A good tool to use is the Realtor.com  mortgage rate tracker.

Wait until your home is up to snuff

Always ensure your home is ready for market. Clean, organize, and make any necessary repairs. This will help you receive more offers and higher bids. When your house is listed for sale, it will be to your advantage to do everything possible to make it stand out from the competition.

An experienced real estate agent can provide you with the information you need to make the best decisions when it comes to buying and selling a home.

Interested in purchasing or refinancing this season? Call me today. I would love to help you with any of your financing needs.