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When is the Best Time to Sell a House?

Aug 29

While spring is traditionally a hot time to sell a house, some recent research has found that sellers typically net a higher price during winter months. This is especially true during January-February, the largest month for corporate relocation. While we can't predict the exact season when the best time to sell a house will be, there are a few key points to remember.

Spring

oceanside house in spring blossom
House in Spring (Pexels)

 

While spring may be the busiest time for sellers, it can also work against sellers who do not have distinguishing features. If the market is saturated with homes, a seller may not get the best price. In such cases, a seller can command a higher price if he has a desperate buyer.

The spring months are also the best time for sellers, as demand for homes is highest in the spring months. This means that buyers are more serious about making offers, which means a faster sale and more money. Spring is also the time when the weather is pleasant for home tours. It's important to prepare your home for the spring season.

Spring is the busiest time of year for home sales, with May and April being the busiest months. However, summer can also be a good time for selling a house, because the weather is warmer and buyers are more willing to make competitive offers. The summer months are a good time to sell a home, but they have their drawbacks as well.

According to Zillow, the best time to sell a home is in the first two weeks of May. During this time, a home will sell for an average of 5.9 percent more than it would in any other month. However, early April and early June are also good months to sell a home. Additionally, spring is the best time for buyers to relocate, and they are more likely to purchase a home in the spring when they are thinking of moving.

April

In some areas, April may be ideal time to sell a home. In April, homes are sold 18 days faster  than in any other month, and they sell for 5.9 percent more money. For larger houses, it's best to list them during mid-April, when they won't need to lower their prices as mortgage rates increase. This also gives sellers at least two to 12 weeks to prepare their home for sale. If you're not ready to list your house during that time, you can consider other weeks, such as summer and fall.

In a recent study by Zillow, the best time to sell a house was in April. The reason: warmer temperatures, longer days, and lush landscaping. However, spring is not without challenges, particularly for homeowners looking to sell a fixer-upper. Moreover, because of the increased competition, home prices in April can be higher than in other months. Also, increasing mortgage rates may push buyers away.

The best day to sell a house depends on the neighborhood and the market condition of your house. Generally, homes listed on Thursdays are more likely to sell above their asking price. In contrast, homes listed on Saturdays or Sundays are less likely to sell above their list price.

Spring

Spring is also a good time to sell a house, as it boosts curb appeal and attracts more potential buyers. Spring also provides lots of natural light, which gives houses an open feel. Springtime is also perfect for home buyers with children. The warmer weather will help them settle in before school starts.

Winter

The fall and winter months are great times to sell a house. There are fewer buyers and a lower inventory, which can increase your home's price. Winter also has lower competition, so there is less room for bidding wars. Winter is also a good time to sell a house if you want it to sell quickly.

The winter months have a few disadvantages, though. Because many people take time off during this season, there are fewer homes on the market. Buyers are still on the prowl, but there are less houses available. Also, the weather is not ideal for showing a home.

Cold weather prevents buyers from touring your property, which can lead to lower offers. It can also lead to unexpected problems, like pipes bursting. If you want to sell your home quickly in the winter, you should price it correctly and hire a listing agent with negotiation skills. During the winter, you should minimize your decorations and try to maximize the light in the house. This means replacing broken light bulbs and adding lamps to dark corners.

If you're looking for the highest possible price for your house, you should wait until the first two weeks of May. In this month, homes sell an average of $187,400, a 13.4% premium over average prices in the rest of the year. On the other hand, if you're looking for a fast sale, you should list your home in early April or early June. Most buyers prefer to move during the spring.

Spring is another prime time to sell a house. Spring is the busiest season in real estate, and many parents are looking to buy a new home before the start of the new school year. In addition, spring is the perfect time to show your home as the weather is perfect for house showings. Also, spring flowers add curb appeal.

December

Winter is one of the worst times to sell a house, since the weather prevents buyers from touring homes and puts a lot of stress on utilities. The cold weather also exposes many unseen problems in your home. Make sure to price your home appropriately and hire a listing agent with negotiating experience. Also, make sure to make your home feel like a home. Consider changing out busted bulbs and adding some lamps to dark corners.

Winter may be good time to sell your home if you're flexible with your schedule. During the winter, many people travel or just stay home with their families for the holidays. As a real estate agent, you can either work to counter this trend or work harder to get your home sold during this time.

While you can sell a house during the winter, it's best to avoid December. December is usually the worst month for home sales, tied with October for the worst premiums paid by sellers. During this month, homebuying activity is usually at its lowest during the holiday season and people are busy with the holiday events and traveling. Real estate is local and neighborhood specific, so it's a good idea to consult a real estate agent to determine when the best time to sell your house is.

When You Are Ready to Move

A good time to sell a property is when you start thinking about moving. While selling a property can happen anytime of the year, the easiest time for you to sell is when you're ready. If you aren't ready to move in spring, you can always wait until autumn or summer to avoid the worst weather.

Conclusion

Deciding when to sell your house depends on your own situation. If you're trying to sell your home in the winter, there's a high chance that you'll be dealing with lower inventory than in the spring and summer.

This means that you'll be getting more showings, which means more potential buyers will see your home. In addition, sellers are less likely to accept offers that are significantly below market value.

Regardless, you should be aware of the seasonality of the housing market and how it affects buyer demand and median sale prices.