You have scraped the gold-flecked popcorn off your ceilings. You have painted over that ugly accent wall in your dining room that you always hated. You have planted boxwoods in your front garden that will add a spot of green to your front yard, even throughout the winter.
You are ready to sell your house, but you aren’t in a hurry. When is the best time to put your home on the market to make sure you make as much money as possible?
Unfortunately, there is not an easy answer. The best solution is that it depends upon where your house is located. To make sure you understand the buying and selling trends in your area, reach out to the best realtors who know your local market. Their expertise will be valuable, and it won’t cost you too much of your profits. There are great flat-fee agents that work in your area.
Here are some things to think about when choosing when to put your house on the market.
1. Reasons to Sell Your Home During Spring
If you live in a climate with a harsh winter, you know how intoxicating spring can be. After getting through the drudgery of long, cold, snowy and icy days, people are in the mood to spread their wings and make changes in their lives. Here are some other reasons springs is a great time to sell.
It’s light out later in the evening, and people can spend more time looking at homes. Tax refunds are available, giving people a boost to their potential down payments. Trees and flowers bloom. Grass begins to grow. Your house looks fresh and inviting.
By the time the sale goes through, your children will be finished with their school year. Their schooling will not be disrupted by moving in the middle of a semester.
Statistically, if you live in a major metropolitan area such as New York, Los Angeles, Chicago, Dallas, Philadelphia, Washington, D.C., Miami, Atlanta, Boston, and San Francisco, the spring is the best time to list your home. Properties tend to sell faster than average, and the sales premium tends to be higher.
But not everyone lives in one of these metropolitan areas. And there may be other reasons to wait until another season...like summer.
2. Reasons to Sell Your Home During Summer
Ahhh...the lazy days of summer. The days are long, and for many areas of the country, this is the preferred time of year to buy and sell real estate. Here are some reasons why.
During the summer, buyers will feel more pressure to find and close on a home, especially if they have school-aged children.
People tend to take more time off work during the summer and will have more opportunity to look for a home.
If the home sales in your area were particularly active during spring, you could capitalize on this data to increase the price of your own home.
Your home probably looks its best during the summer. It is easier to keep clean during the dry summer months than during the rainy spring season. Your flowers may be in bloom, and your lawn may be lush and green. You also may have had time in the spring to stain fences, and complete other outdoor projects that give your home have curb appeal.
3. Reasons to Sell Your Home During Fall
If summertime in your neck of the woods is less than magical and more like a fiery furnace, it is a good idea to wait until fall to put a sale sign in your front yard. Here are other reasons to persuade you to push the sale until September.
If your home isn’t anything special, you may have less competition to contend with, and your house might receive a closer look.
Buyers may feel rushed to complete the purchasing process before the weather gets cold. They also may want to be in a new home before the holidays.
All the companies that make their money in the buying and selling of homes will be less busy. You won’t have to wait as long for inspections, appraisers, etc.
Your magnificent fall trees may be a selling point for potential buyers.
4. Reasons to Sell Your Home During Winter
Of course, depending on where you live, winter does not always come with cold, miserable weather. Even for those living in the northern part of our country, there may be reasons why you would want to try to sell your house in December.
Buyers in search of tax breaks may want to purchase a home before the end of the year. Your competition may be low, forcing people moving in from out-of-state to pay more for your property.
Decorating for the holidays gives your home a particularly warm feeling and helps your potential buyer imagine his or her own families in the same space at the same time next year.
The home buyer may not notice if your landscaping is less than amazing. If it is cold outside, the outside part of the tour may be quick, which will keep potential home buyers from noticing the bare spots in the yard.
5. Other Reasons to Sell Particular Times of the Year
It could be that one of the major employers in your area has just hired more staff. Perhaps your city has just been nationally ranked as one of the most family-friendly communities in the country. Maybe other changes are coming to your town of which you aren’t even aware.
That’s why it’s important to reach out to the best in the business to get their opinions on when is the right time to sell your home. Whether spring or summer, fall or winter, your agent will work hard to get you the best price.