When Is The Best Time To Sell A House?

Deciding to sell your house can be a big step for many homeowners. There are many reasons to sell, including lifestyle changes, financial changes, or maybe your family is growing and you need a larger home. Whatever the reason, all home sellers have one thing in common. They want to make a good profit. So, how can you make sure you are getting the most for your home when it comes time to sell? Believe it or not, when it comes to selling a home for profit, timing matters. This guide will walk you through when is the best time to sell your home so you can get the most from your precious investment.

Each season of the year has a different impact on the real estate market. Knowing the best time of year to sell a home can help you sell your home faster and for more money. It might be possible to sell a home at any time of the year when the market is hot. But listing during peak seasons will get you more traffic, more showings, and more offers.

Spring is in the air, the seasons are changing, and the drab, cold days of winter are giving way to sunny days and warmer weather. You would be correct if you guessed that spring would be an excellent time to sell your home. According to the National Association of Realtors, homes that are listed in mid-April are sold for as much as 11% higher than average. When you consider the average cost of a home these days, that is a significant increase in profit. Not only do homes sell for more money in spring, but they also tend to receive more offers, sell faster, and have less competition.

If spring is the best time to sell a home, summer is a close second. Summertime has certain advantages, such as longer days and better weather, and with schools being closed, many families consider it the best time to relocate. We all know that changing school districts mid-year can be difficult for children to adjust to. If your family is planning a move, summertime may be the ideal time for you. However, moving in summer is not without its disadvantages. In some areas, higher temperatures may be an issue. Moving in the heat of the day is no picnic, even when you are hiring professionals to do the heavy lifting. But summertime does have the most open houses compared to any other season due to the longer days and favorable weather. If you are planning a move, summer can be a great option if you are selling and planning to relocate. According to news sources, both spring and summer are considered peak seasons for selling a home.

If spring and summer are the best times to sell, fall must be one of the worst, right? Not necessarily. There are several advantages to selling your home in the fall. For starters, the weather is still good for home tours and open houses. Another reason fall might be a good option for you is less competition on the market. The word is out that spring is hot, but let’s face it: when it’s time to move, it’s time to move. Many buyers won’t be considering the season if they need to relocate and can’t wait until next year. The good news is that these buyers tend to be more serious. Many of them have a compelling reason to buy a home sooner rather than later. This could result in less home browsing and more serious offers for sellers.

If you guessed winter would be the worst time to sell a home, you would be correct. While the weather may be less than ideal for showing a home, there are some reasons why selling in winter can still be profitable. For one, the housing market can play a significant role. In the past few years, with housing inventories on the decline, there have consistently been more buyers than available homes. This could mean demand is consistently high throughout the year, depending on your area.

But in general, winter in real estate is generally considered an off-season. For one, less daylight and worsening weather make people less inclined to travel. Second, many buyers are wanting to close on homes before the end of the year to take advantage of certain tax breaks. Also, if your home is located in a region with heavy snow, this can completely cover your landscape, making it impossible for buyers to evaluate its condition.

When it comes down to it, there are many factors that determine the best time to sell your home. Here in sunny California, we are not as subject to seasons as much as the rest of the country. Some of these factors have nothing to do with the season. Financial changes, lifestyle changes, and other variables can have a significant impact on when the timing is right to sell for you.

Outgrowing a home is a very common reason for sellers wanting to move. You may have found your dream home decades ago, but the years have passed, and your needs may have changed. Perhaps your family has grown, or maybe you have an empty nest, and you are looking to downsize. The number of people living in a home is the biggest factor that determines the type of home that we require. How many bedrooms and bathrooms, storage, and overall space are always the biggest considerations. When you have a lifestyle change, the time of year may not matter.

Financial changes are another big consideration for many sellers. In recent years, the market saw record low mortgage rates, which caused a flood of new buyers to enter the market. This likely caused many homeowners to upgrade thanks to the more favorable rates. And, of course, buying a new home with better rates means you will be selling your old one.

While keeping a close eye on the real estate market can be useful, ultimately, finding the best time to sell your home is an individual decision. If you are under no pressure to sell fast, perhaps you can afford to wait until spring to list your home. For others, relocating due to a new job may be the deciding factor. The very best time to sell for many owners is right now, regardless of when that occurs.

Is now the right time for you to sell? If so, you don’t have to do it alone. The best time to sell your home is when you need to. So don’t wait to get a head start on the competition. In the United States, over 85% of all home sales are made through a real estate agent. If you are considering selling your home or have questions about real estate in your area, please consider working with trusted local agent Jonathan Ruiz.