Thinking about selling your home and wondering if what month you put your home on the market is going to make a difference?
Well it does make a difference in both the time it takes to sell and the final sales price. Let’s look at this subject a little deeper and see how you can use this knowledge.
There have been many studies that do indicate that when a home first hits the market makes a difference. You probably would agree that there are homes sold every day of the year. However, when you sell your home can have an effect on how many serious qualified buyers are looking. And when you sell your home can also affect how much your house will sell for.
If you need to sell your home right away, then it means that you must compensate for the current local market conditions AND the time of the year. But like I said, there are always buyers looking.
However, if you can wait until the peak home selling season, it can be to your advantage.
Best Time of the Year To Sell A Home
I guess it doesn’t come as a big surprise that one of the best times of the year to sell your house is in the late spring and early summer. I can say that it does seem that more people start looking once the school year is over. I have read some studies that said that 60% of people move during the summer.
So if you are looking to have your home on the market for a shorter period of time, then you should consider listing your home during the spring or early summer months. Another benefit is that because there are more buyers, it is possible that you might have more buyers interested in your home.
The downside to having your home listed during the peak months is you are not the only person that knows about the peak house selling season.
Which means more competition!
Worst Time of the Year To Sell A Home
Well it goes without saying that if there is a good time to list your home, then there is also a bad time. One of the worst months of the year to sell a home is December. There are a number of reasons why. Such as:
- The Holidays
- The Weather
Most people aren’t thinking of moving at these times of year. Their energies are focused on decorating their houses, preparing for the holidays, visiting friends and family and enjoying their time off work.
Also the shorter days means that there are fewer hours for buyers to see a home. Buyers want to see the home during the daylight hours so they can see any obvious defects. Plus many people don’t like looking at homes when it is cold or rainy. I have shown homes during hot and cold weather, on bright sunny days and in the rain after the sun had set.
Serious buyers will still make the effort to see your home if it is priced right and marketed properly. No matter what season it is!
Since I mentioned that more people are looking after school is out for the summer, then you know that once the kids are back in school we will see a slow down. Some people will not be looking at this time of the year. But this also means that fewer people will be trying to sell their homes.
Which means less competition.
Fewer serious buyers but less competition.
The Take Away:
No matter what time of year it is, homes are being sold.
Each and every day there are homes sold.
You just have to know the differences between the seasons when it comes to selling your home.