There are many questions homeowners ask when they plan to sell their home; ‘how to price the house?’ ‘should they go for for-sale-by-owner or should they list with an agent?’ ‘how to sell the house for top dollar?’ and ‘when is a good time to sell a house?’ If you are wondering and would like to know the answer to these questions, it is best to contact your local real estate agent for in-depth information.
In this post, let’s find the answer to the last question: ‘When is a good time to sell a house?’ As with every decision we make in life, we have to weigh in the pros and cons, choosing when to sell a house is no different. Many homeowners who plan to sell their home wait for spring to list their home. While it’s true that most real estate markets across the U.S. experience a “spring market rush,” homeowners shouldn’t wait for spring to sell a home. Here’s why.
There are many factors to consider when selling a home. You have to consider the market condition, the supply and demand, and your own situation. Basically your unique circumstance is the main factor. What is your reason for selling? Do you need to move soon? Do you need to move because of a job transfer? Do you need to be closer to your family? If you can’t delay your move then you have limited options but if you have the time, you can decide which option suits your unique situation.
If you use the right strategies to market and sell your home you can sell in any season. See the infographic below from Inman and SmartZip showing the best month to sell a home across the U.S. This data was based on selling trends, average days on market, and close to list price ratio over the last five years.
Surprisingly, there is only one state that shows spring time as the best time to sell. The rest falls in different seasons. Choosing to sell your home now may be a better decision than waiting until spring because if spring is a prime selling season then it’s obvious that there is a lot of competition on the market. If your home doesn’t stand out from the competition, then you will be left out.
You have to choose the best option that will work for you and your unique situation. Consulting a savvy and experienced real estate agent you trust can help you in making the right decision.