Did you know that over five million existing homes were sold in the United States in 2019? That’s a lot of people finding and buying their dream homes, to say the least!
If you’re getting ready to list your home for sale, you probably want to do everything you can to sell it fast and for a good price. And one of the best ways to do that is to sell your home during the right time of year.
So what is the best time to sell a house? Does it really matter when you list your home for sale? We’ve got the answers to all of your questions, and more, in this article!
Now then, let’s get started!
Remember, Every Market Is Different
Before we break down the pros and cons of selling your home during each season, it’s important to note that each market is different.
You may live in an area where, regardless of the time of the year, you’re going to have a good chance to sell your home quickly for top dollar. On the contrary, it’s possible that you live in an area where selling your home outside of peak season is next to impossible.
A pro tip? Listen to your real estate agent. They know your local market and will give you great advice that you can use to sell your home as fast as possible.
After all, they want to sell your home fast and for a good price just as bad as you do.
Selling Your Home In The Spring
For most areas in the country, the spring is going to be the best time to sell your home. In fact, the first two weeks of May give you the best chance to sell your home fast and for the best price, which is worth noting.
While springtime is indeed the perfect time to list your home, there are some cons that come with peak season, too. For instance, the competition is going to be at its highest.
That means that more homes are going to be available, and thus, there are more options for potential buyers to browse. With this in mind, if you price your home correctly, you should still be able to get out of your home before the summer months arrive.
Selling Your Home In The Summer
After the spring, summer is the next best time of year to sell your home. You get a lot of the same benefits that come with selling your home in the spring, however, there are a few new issues that arise with a summertime listing.
Families, for example, are going to be in a rush to get in their new home before school starts. So as you get to the later months of the summer, things will be rushed which can add a bit more stress to the situation.
If you need to have any repairs done post-inspection, it can take a while to get them done as the summer is the peak season for most repair companies. Of course, this can slow things down greatly, which isn’t ideal.
Selling Your Home In The Fall
While spring and summer are the best time to sell a house, you can still get great results in the fall. In fact, there are a few benefits to selling your home in the fall that make it worth considering.
This is especially true if you live in an area where the housing market is thriving.
Should you decide to sell your home in the fall, you’ll be dealing with a lot less competition from other sellers. This means it’ll be easier to get potential buyers through your doors, which is a good thing.
Also, if you need repairs, you should be able to get them done both faster and cheaper.
On the bad side, you’re most likely going to miss out on any potential families as people don’t like to move during the school year.
Selling Your Home In The Winter
We’ll be honest, selling your home in the winter can be a difficult task. With that being said, it can be done, especially if you live in the right area.
If it snows where you live, that combined with holiday decor can make your home warmer and more inviting to potential buyers. Also, the competition with other sellers is at its lowest in the winter, which can be helpful.
It’s next to impossible to sell your home for top dollar in the winter, which is worth noting. Also, nobody enjoys moving in the winter, which means most people will wait a few months until spring rolls back around to make a purchase.
Choosing The Best Time To Sell A House
Well, there you have it! That is an in-depth guideline on the best time to sell a house! Using this information, you can put your best foot forward and improve your chances of selling your home faster and for your ideal price!
Remember, each housing market is different. Listen to your real estate agent and trust their instincts. They want to sell your home just as badly as you do, so they’re going to give you good advice.
If you can, try to list your home in the spring or early summer. This will give you the best chance to sell your home quickly, as well as for a high price, two things you most likely are interested in.
Looking for more real estate advice? Check out our blog!