When is the Right Time of the Year to Sell Your House
House hunting can be a tumultuous affair but it always stays somewhat predictable on certain fronts. While it might seem like buyers change their minds as often as the weather, it’s not always a bad thing. Knowing how things like harsh weather conditions or taxes can affect our decisions when we buy houses can help provide a solid strategy for successfully closing a sale. When you’re thinking of selling your house, there are four things you have to keep track of before putting your listing up: the season, the regional differences, the market conditions, and your level of preparedness.
Before the COVID-19 pandemic, Spring was typically seen as the best time to put your house up for sale because of the nicer weather, fresh tax refunds, and the approaching summer break that would make it convenient for children to adjust before going back to school. Despite the shift in real estate practices, spring still proved to be a good season for sellers, though the best month had moved from May to March.
In contrast, winter is traditionally regarded as the slowest season for home sales. For most cities, sellers are advised to plan all their home improvement projects, house staging, and paperwork during this period. However, this is also where regionality comes in: if your local climate is warm year-round (such as beach cities like Florida), then your peak selling months may improve in colder months as more people flock to warmer regions.
According to data from Zillow, homes listed during the weeks of March 11 and 18 sold fastest. Based on their findings, Zillow recommends aiming for the week of April 22 if you’re aiming to sell above the asking price and to list before September since most families start to settle down by then. They also note that houses list d in October performed the weakest in maximizing gains.
Another thing that can help you sell is by keeping an eye on market trends, which are marked as either being in a buyer or a seller market condition. In a buyer’s market, inventory is high, which means that houses listed stay on the market for a longer period before receiving an offer, sometimes under list price or with additional buyer concessions. In a seller’s market, you have more room to sell for full or above the asking price, making it the ideal time for selling your house.
But at the end of the day, the best time to sell is when you’re ready. Lifestyle changes, emotional preparedness, and financial benefits are all things that would define how well you’ll be able to handle the selling process. It’s all well and good if you have the time and resources to optimize your house for selling, but there’s also no shame in skipping out on renovation and planning if you have your hands full.
If you’re looking for a safe and convenient way to sell your house, call us at (855) 942-3566! SnapCashOffers can handle all the paperwork safely and transparently so you would have one less thing to worry about. Please check our website www.snapcashoffers.com for more details.
You can ask our home buyers at SnapCashOffers.com for more information on how to sell your house.