While real estate never rests, it's important to know the best times to sell a house. Real estate agents and brokers are constantly watching market trends and metrics like median sales price throughout the year to time their sales perfectly. Seasonal factors can have a significant effect, as do other local and economic conditions.
So, how do you know the best time to sell? Here are some tips for timing a home sale:
Timing your home sale can make a difference of up to 10% in total sale price. This means choosing the right time can help you get a higher asking price, while slower months might force you to choose lower offers.
The best seasons for selling can vary by location, but typically the spring and summer months are the best for house selling. It's most common to put your home on the real estate market during June or July.
There are multiple factors that can determine the "worst" time to sell. Often, the weather has a significant impact. Even in regions with mild winters, buyers are less likely to actively home search in colder seasons.
Another factor is competition and activity in your local market. While this can change every year, working with a real estate agent to track and predict market trends will help you sell even if conditions aren't perfect.
Winter, especially during the holiday season, is a very slow time to sell homes. Cold weather and holiday travel keep potential buyers busy. However, if somebody is considering buying a home in the upcoming spring, they may be browsing listings online from the warmth of their own home. This is one scenario when a "coming soon" listing can give you a competitive edge.
Timing home sales carefully can mean a quicker sale and a higher price, especially if you work with a real estate professional. While the world of real estate is constantly moving and changing, you can keep these guidelines in mind for finding the best time to sell.
EXPERIENCE: Specializing in all aspects of Real Estate as Seller’s Agent and Buyer’s Agent in Single-Family Residential Properties, New Construction, Land & Land Development, Commercial Properties, Condominiums, Multi-Family Income, and Investment Properties.
SELLERS: Our company was founded by our guiding principle of maximizing our clients' value when Selling & Buying Real Estate. We have a fiduciary responsibility to maximize our clients' Real Estate value by constantly striving to create efficient and dramatic results for our Seller-clients by utilizing the latest on-line technology & marketing systems.
BUYERS: We will help you find the right property for you & your family. We will answer all your questions, guide you every step of the way throughout the buying process and negotiate on your behalf to maximize your value.
