You’ve spent a lot of time making your house a home. But now that you’re ready to take the next step and sell your home, you want to make sure all your hard work hasn’t gone to waste.
And knowing exactly when to put your home on the market can be a game changer. Listing your home in December versus August can be the difference between thousands or just a few dollars in your pocket.
You’ll want to take every advantage and one of the best ways to get the most value out of your home is to partner with a local and knowledgeable real estate agent.
So if you’re trying to sell your Houston home, read on to find out the best time to put your home on the market and what you should know about the rapidly-changing Houston housing market.
Best Time to Sell in Houston
If you’re looking to sell your home in Houston, now is prime time!
Houston is currently in a unique position that bodes well for sellers. More people than ever are moving to Houston, with approximately 275 new people relocating to the city every day.
Attracted by the rapidly-growing job market, many come seeking work from the big energy companies like Exxon, Chevron, Shell, and Halliburton. And along with these huge corporations, Houston is also seeing a rush of young entrepreneurs moving to the city to create and work at thriving startups.
With Texas’ overall recent 1.8% job growth, it’s estimated that Houston will see above average job creation in 2019 with over 71,000 new jobs available.
And in addition to Houston’s incredible job market, the city also boasts a remarkably affordable cost of living. Comparatively, the cost of living in Houston is 8% cheaper than in Chicago and even more interestingly, Houston is 13% cheaper to live in than in its popular neighboring city Austin.
So what does this mean for you?
This means great news — a large influx of people will be looking for homes. Especially younger, first-time home buyers.
While Austin may come first to mind for young people, Houston’s population is actually one of the youngest in the nation with 25 to 30-year-olds making up the majority. Houston is increasingly becoming an appealing option for young people not only because of jobs and the cost of living, but because housing is quite affordable in comparison.
The median home value in Houston is currently rated at $149,000 with the median household income at $49,399. And factoring in historic low interest rates at around 3.5%, homeownership is an incredibly viable option for young and first-time homebuyers.
Unsurprisingly, Houston saw an 11.4% increase in single-family homes. The younger generations, including Millennials and Generation Z, continue to make up the majority of the housing market as they finally feel financially stable enough to seal the deal and buy their first homes.
The Houston housing market is ideal and you’re ready to put your house on the market — so when exactly should you list your home so you get the most for your money?
In Houston, the best time to put your home on the market is spring. The city follows national trends showing if you list in early spring, on average your home can sell almost two weeks sooner and for on average $2,400 more.
More specifically, if you put your Houston home on the market in early May, your home, on average, will sell 6.4 days sooner. And if you’re able to list your home even earlier in April, you could see your home selling for 6.86% more than the yearly average.
Houston is also seeing the lowest amount of houses available on the market than at any time within the last fourteen years. And as more people gravitate to the city looking for homes, you’ll see more buyer competition and more offers for your home.
Key Factors That Help Houston Homes Sell Faster
As one of the fastest growing cities in the U.S. attracting young professionals for its booming job market and progressiveness, you’ll have a great chance of getting your home sold fast in Houston.
But to make sure you get the most offers possible there are a few ways you can make your home even more enticing to potential buyers.
With millennials quickly overtaking the majority of home purchases, catering to their needs is ideal. Many young potential homebuyers consider starting families or in lieu of kids opt to have furry companions. With this in mind, having a yard or creating an open green space will attract more buyers.
Along these same lines, because Houston isn’t renowned for being a walkable city, be sure to highlight any areas nearby your home that are conducive to walking and the outdoors so they can take their kids or pets to play.
3 Tips for Maximizing Your Profits When Selling a Home in Houston
1. Consider Your Specific Market
Your market is quite young. Remember most of your interested buyers will be within the 25 to 30-year-old range and will be looking for homes that are either close to the action or great for starting families.
For instance, you’re in luck if you’re selling your home in Houston’s Inner Loop in the Heights neighborhood. This area is not only close to downtown restaurants and nightlife, but many of the homes also have enough backyard space for kids or pets to play.
But no matter where your home is located, you’ll want to make sure your home is accurately valued so you get the best price. A comparative market analysis (CMA) is one of the best ways to get a proper evaluation of your home.
With a CMA you’ll compare your home to surrounding houses in your neighborhood to give you a better idea of how much to list your home at — what price is both competitive and attractive for potential buyers. Learn more about a CMA and exactly what you should be looking for when you price your home.
2. Make Impactful Repairs and Renovations
Before you put your home on the market, you’ll want to make sure it looks as enticing to buyers as possible. Not to worry, you don’t have to spend a lot of money to make your home look great.
One easy and impactful improvement you can make around your home is simply to declutter. Make sure your walls don’t have every family photo mounted on the wall and that your refrigerator is empty of your kid’s school assignments and drawings.
By eliminating these distractions you’ll make it easy for potential homebuyers to envision themselves in your home.
Another renovation you may want to invest in, especially in the Houston area, is flood prevention. Adding a sump pump or changing the landscape around your home so the ground slopes away from the house, could help keep flood waters at a minimum and tack on added value to your home.
For more ideas of simple and effective repairs and renovations that you can make around your home click here.
3. Find a Great Real Estate Agent
More people than ever are looking for their perfect home in Houston. And while putting your home on the market at the right time can help you get a good price, you’ll want to make sure you’re not missing any opportunities for getting a great price.
This is where partnering with a local Houston real estate agent is key. They can help you navigate through the entire selling process and make sure you get the best price for your home.
With Clever Partner Agents, you’ll receive top service from expert agents coming from major brands and brokerages like Keller Williams, Century 21, and RE/MAX. And with Clever Partner Agents you’ll receive significant discounts for the exact same level of support and knowledge.
Clever Partner Agents will sell your home for a flat fee of $3,000 — or 1% if the home sells for more than $350,000. With these savings and a skillful agent on your side, you’ll be able to sell your home at a great price and without all the stress.
All you have to do now is fill out this online form and a Clever rep will be in touch to answer questions and connect you with a local Partner Agent for a no-obligation consultation.