We all know that timing is everything. But when is the best time to sell a house? In order to figure this out, we need to take into consideration a few contributing factors.
Research suggests that spring is the best time to list a home. However, this isn’t a one size fits all. Location plays a big part in the best time to sell a home. For someone who lives in an area with a more temperate climate, time of the year won’t matter as much as areas with harsher seasons.
Let’s take a look at what effects the housing market so we can see exactly what’s the best time of year to sell a house.
Location, Location, Location
We’ve all heard it before: location matters, especially in real estate. We need to take into consideration location when deciding the best time to sell a house.
Most states do find that spring is the optimal time for selling a home. However, homeowners in warmer areas such as Florida and Southern California may not find spring to be an optimal selling time due to severe weather and extremely hot temperatures.
Benefits for listing a home in the spring are numerous. Most people have received their tax refunds and have some extra cash, it’s lighter out longer, making house hunting easier, and homes are freshly landscaped for the season.
Comfortable temperatures make moving easier, and for families with kids, the end of the school year is approaching so moving will be a smoother transition.
However, many homeowners list their houses in the spring, so the competition will present an issue. Depending on the area, winter may still be hovering, and inclement weather may keep potential buyers indoors. A house selling during the spring also means kids will be moving during the school year, something that can be very difficult and emotional for children.
Taking into consideration these factors, let’s ask ourselves the most important question.
When Is the Best Time to Sell a House?
While spring is the best time for most people, it’s not for everyone. What realtors do agree with is that the day a house is listed makes a huge difference. Thursday morning, to be exact.
Most people work during the week and look for homes on the weekends. By listing on Thursday, we can ensure buyers see our listing in time for the weekend as they’re scheduling the homes they want to tour. New listings generate at the top of the search results, so listing earlier in the week drives a listing further down in the results.
Something else to take into consideration is the local economy. Studies show that the price of a house can increase by 3-4% if the economy is thriving. By keeping an eye on our local economy, we can pick the best time to sell a house fast.
Sometimes we have to move, regardless of the time of year or economy. Relocation due to a new job may require a home to be sold quickly, not taking into account competition on the market.
We may find ourselves wondering, “What can I do to sell my house fast?”
But What If I Need to Sell My House Fast?
This is where companies that purchase homes play an integral role. We don’t always have the luxury of listing our home and waiting for the perfect buyer to come along. Professional home buyers quickly purchase homes, paying cash for a house and facilitating a fast closing.
This is extremely important when moving needs to happen quickly, especially if a perfect new house presents itself and funds are needed immediately.
So, when is the best time to sell a house? Whenever you need to move, regardless of external factors.
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