If you’re looking to sell a home, it’s important to know the best time to do it. This will ensure that you’re getting the best value and that the amount of stress involved is minimal. Although the circumstances vary for each homeowner, you’re making the right choice to do the research.
The typical person selling their home has lived in it for at least 10 years and is generally looking to live closer to friends and family. Regardless of your reason for selling, this guide will help you figure out the best time of year to sell a house.
Ready to learn more? Let’s get started.
Best Month to Sell Your Home
For a period of time, May was considered the best month for selling a home. However, the tune has changed, and in recent years that have switched over to March. In 2019, homes that were listed between March 11th and 18th sold the quickest.
Ideally, you’ll sell for more than the asking price and if you want to heighten your chances of that happening, aim to list your home the week of April 22nd. If you’re not able to, try to list before September. This is when families begin to look for a place to settle before the school year begins.
Try to avoid October if the goal is to sell your home for more than its worth. This is when sellers will face the worst weeks for maximizing profit.
Consider the Location
Although there is data for the average time home sellers have success, the peak time depends on your location. If you live in an area that has all four seasons, spring is optimal. This is because people have been indoors for a long period of time and are looking to find new housing options before the weather gets too warm.
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The Different Seasons
It’s common knowledge among real estate agents that people tend to shop for homes as the weather gets warmer. This is why prepping your home in the winter months to sell in Spring is a great idea. There are tax refunds in people’s bank accounts, and summer break is approaching, hard to beat this season.
Summer is also a great time to sell your home for many of the same reasons as Spring. There’s warm weather, more hours of sunshine, and school breaks. Take into consideration that this is when many people go on vacation.
The fall isn’t a bad time to try and sell your home, but it isn’t ideal. Winter tends to be the slowest season for home sales in traditional areas. However, if your climate is warm year-round, then you’re likely to fare better.
The Best Time of Year to Sell a House
Dealing with real estate in any capacity is stressful, no doubt about it. It makes sense why 89% of people choose to work with a real estate agent when the time to sell their home comes along. Whether you decide to sell on your own or find help, it’s good to know the best time of year to sell a house.
Although there is always an exception to the rule, this guide is a great place to start. All you need to do is start scheduling.
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