Best Time to Sell House
If you’re selling your home, the timing of your sale has a lot to do with local market conditions and personal circumstances. For example, many buyers with school-aged children want to move before the start of the new school year.
Nationwide, homes sell for the highest premium during late spring and summer.
But this is not always the case in your area.
Spring
While it’s not the only factor, the season you choose to sell your home can make a big difference in how quickly and how much you earn from your property sale. Timing can also depend on local economic factors, mortgage interest rates, and how well your house is priced.
Historically, the best time to sell has been in the spring, when buyers are more active and competition for homes is high. The warmer weather and longer days can help to make showings easier for real estate agents and potential buyers, while the lush foliage of trees and flowers adds curb appeal.
Sellers in these months tend to net a 10.6 percent premium above their asking prices, the study found. But that doesn’t necessarily mean this is the best time for everyone to sell.
Summer
Whether you’re selling your own home or representing clients in a real estate transaction, knowing when the best time to sell is can have a significant impact on how fast your property will sell and for what price. While local market conditions should play the biggest role, other factors such as seasonal trends can also have a big impact.
Late spring and early summer are the best times to sell a house, according to data from ATTOM Data Solutions. At this point, many homes that were listed in the spring will have been sold, so there’s less competition for sellers. Plus, longer days make it easier for home buyers to tour properties in person.
But the summer can be a tricky season for homeowners and agents alike. For one, many families with school-aged children are rushing to close on their new home before the start of school. That can lead to a lot of lowball offers from interested buyers.
Fall
The season can impact how long it takes to sell, the number of offers you receive, and how much you’ll earn from the sale.
McCoy says that life changes, such as job relocations, can lead to a need to buy and sell quickly. She also notes that some buyers are eager to close before the holidays.
But if you’re not in a rush, consider listing your home in the fall. The season provides softer lighting, pretty weather foliage that boosts curb appeal, and lower supply that may make your property more appealing.
Winter
For example, a warm-weather state like Arizona could experience higher home sales during winter as snowbirds flock to the area to avoid harsh Northeast and Midwest winters. However, these regions also tend to have lower inventory levels in the fall and winter, which can make it harder for buyers to find what they want. As such, these areas may be better suited to selling in the spring and summer, when there are more homes for sale need more information please read it………….
