Selling your home can be an exciting experience, but it can also be extremely stressful especially if you’re not sure where to begin.
The success of your home-selling adventure can vary greatly depending on the market and the condition of your home, but the time of year can also play a significant role in how quickly you seal the deal.
If you’re wondering when is the best time to sell a house in the United States, read on to learn more about which times of the year could serve your home-selling needs best.
Location Matters
Where you live can play a major role in deciding when is the best time to sell a house. Most buyers and sellers assume that spring is the perfect time of year to put their homes on the market or to find a great deal.
However, in parts of the country where it’s warmer like Texas, Florida, Southern California, or Phoenix, people tend to wait out the springtime months. These regions of the country deal with all kinds of problems during the spring such as the threat of tornadoes, hurricanes, and excruciating heat.
Think about your specific region and decide whether or not you personally would want to go home-shopping at that time of year. Another example is people who are attempting to sell a home during the winter months in snowy regions like Boston or Maine. Unless you’re up against a deadline, it might be best to wait.
Take a close look at your particular part of the country and find out if homes are coming up for sale during specific seasons. This will give you a good insight as to whether or not you should list in spring or wait it out until fall arrives. You don’t want to sell your house during a time of year that’s rife with inclement weather.
So, When is the Best Time to Sell a House?
Ideally, spring and summer are still considered the best time of the year to sell a home. That’s mostly because school children are out for the summer which gives parents a chance to find a new home before the new school year starts.
Warmer weather also brings more people outside, encouraging them to look around the different areas in their neighborhood. In general, the second week of March up until the first week of June is the best time of year to sell your home in the United States. List your house in the early part of May to see the highest amount of traffic.
Once the cold of winter has subsided, potential buyers are ready to get out of the house and look for their new home. You may also notice a lot more people listing their homes in springtime and early summer, which creates a sense of urgency for buyers.
The more inventory you see, the more potential buyers are probably starting to look or wonder if there’s something happening with the market. Competition can be good, but it may also drive your asking price down. Make sure you enlist the help of a reputable real estate agent who can recommend a good asking price and help you manage your listing.
If you decide to sell your home in spring, make sure you have excellent curb appeal. This is the time of year to plant new flowers and trees and to spruce up your garden and landscaping in general.
One downside to selling during springtime is that the weather tends to be unpredictable. You may end up dealing with heavy downpours, muddy lawns, and yes – the possibility of having to pull your own children out of school early if your home sells.
What About the Fall and Winter?
It might seem counterintuitive, but in some areas, autumn and wintertime is the best time of year to sell a home. In states where the weather is warmer, cooler seasons are a great time for buyers to get out and hit the streets.
States like Nevada and Arizona may see an uptick in home sales during the fall and winter months. There are more motivated buyers during this time of year since many people want to close before year-end to take advantage of possible tax breaks.
Winter also brings less competition, which means you might have a leg-up on other sellers. Some buyers may need to relocate for their jobs before the start of the new year. You’ll also find that a lot of real estate agents want to work with you since it can give them that final boost in sales before the year is over.
Enhance your home during the cooler seasons by dressing it up for the holidays. Create a cozy and inviting home that will entice buyers and leave them with a warm feeling.
Keep in mind that during both autumn and winter, there are a lot of buyers out there looking to get an excellent deal. That means you could end up with a lot of lowball offers. Another con to fall and winter sales are that many people are more focused on the holidays than they are on looking for a new home to buy.
For most of the United States, the days are shorter and much colder during autumn and winter. Many buyers will “hibernate” until the spring thaw and then start their search for the perfect home.
Timing is Everything
When you ask when is the best time to sell a house, there’s really not one definitive answer. It really depends on which part of the country you live in and how the weather behaves.
Talk to a realtor who can walk you through the process of selling your home and give you advice on the right market timing for excellent results.
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