July 31, 2019By Alex Romanov
Are you looking to sell your home and wondering when would be the best time to reach the most prospective buyers in YOUR market and when will it be the easiest on you?
Have a look at our latest post to help you figure out, when it’s the best time to sell your house!
It is said that people are buying in spring and summer. The weather is more conducive for house hunting, school is out and relocating becomes more tangible. You will likely have a larger pool of prospective buyers when it’s warm, as statistics have shown that more people buy when its warmer. So get ready to list it, prep your home by starting with a spring clean, then list it sometime between April and June!
Of course, there is not as much concern regarding cold weather, if you are selling your home that is located in a warmer climate, like South Florida or Southern California. In fact, sometimes winter proves to be a better time to sell because all the snowbirds are in town. You will have a great pool of prospective buyers checking out your house, as you will likely see people in the area from all over the country.
You may well ask, how much does it cost to sell a home? There are costs associated with selling your home, so you need to make sure that you are financially ready to sell. These costs could be a result of your home needing some repairs or to get it cleaned up and presentable. There may well be things that you have to consider or do that will add pressure. For instance, do you need to move by a certain date? Or will you be able to get another mortgage to purchase a new house? Sometimes these things will stress you out and could even make you sell for less than what you planned on.
You need to ask yourself, if the move isn’t necessary, make sure it’s the best time to go. Are you and your family emotionally ready? Are you certain you want to leave your friends, job, and community? Are your kids almost out of school? You will need to make sure you are making the right choice before making such an impactful decision for your family.
According to Zillow, nationwide homes listed between May 1st and May 15th, sold for nearly 1% more and around nine days faster than the average listing. (Your real estate agent may have different advice based on local market trends.)
Most people seem to have more time to sit down and peruse listings on a Saturday, compared to any other day of the week. Therefore, listing on a Saturday is more favourable. Statistically, Friday is the second best day to list. Listings often appear with newest ones first, so if yours is at the top of the list, it will help you to get more views and sell my house fast.
Houses are selling 1-3% higher in the month of May in some parts of the country. Research and do your homework on annual housing trends for your neighbourhood! If you have questions, IWillBuyHouse.com will be more than happy to assist with reviewing historical trends!
Even though summer is preferred by most, selling in the offseason comes with its perks as well. There’s something to be said about being different and not doing what others do. Yes, your pool of buyers might be smaller but the pool of available homes will be as well. This is your chance to be a cut above the rest, make your house stand out. Less competition on the market, could bring a bigger reward for you!
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