When is the Best Time to Sell a Home?
If you’re trying to sell a house quickly, spring is often regarded as one of the best times to do it, nationwide on average at least. A seller’s market arises when there are more potential home buyers than available properties, and typically, this takes place during the spring. So are you ready to sell your home? If so, when is the best time for you to sell your home and why? Many factors go into what makes a particular time the most optimal time.
Consider Where You’re Selling First
Location matters. The peak time to sell depends on where you live. For areas that experience all four seasons, spring is usually the best time to sell a home. However, the best time to sell a home typically depends on the best time of the year to enjoy it.
That being said, we are currently in a seller’s market, and inventory is low - right now is a great time to sell because the demand is so high!
What Season is the Best Time
As mentioned previously, spring is one of the best seasons to sell a home because of its warmer weather and longer and brighter days. These attributes help maximize the curb appeal of the home and the ability to show the house in its most advantageous setting. Homes with high curb appeal sell 7% faster than homes without an eye-catching exterior. Additionally, during the spring, a lot of people will have more cash in their pocket because of tax refunds. Buyers will be ready to purchase or renovate homes they are qualified to buy. The downside of selling during the spring season is that your neighbors could be conducting renovations due to the excellent weather, or your house will sell very quickly, forcing you to have to pull your kids out of school. To deal with this, be prepared to sell quickly and have a plan.
When It’s Best For You
The best time to sell is when it’s the best time for you when it comes down to it. Why do you want to sell your home? Is it because of specific lifestyle changes or financial benefits? Are you emotionally prepared to sell your home? Let’s evaluate:
Lifestyle changes: If you’re experiencing a change of jobs or relocation, chances are you’re on a stricter timeline, so you may not get the opportunity to sell during the most favorable time. However, if you want to downsize or upsize for family reasons, you can sometimes time your move to take advantage of the beneficial market factors.
Financial benefits: If you know your house has gained a considerable amount of value since you first moved in, you can use the equity you’ve generated to put towards a down payment on your dream home or more money to your retirement fund.
Emotional preparedness: Regardless if it may be the perfect time to sell, it’s crucial to make sure you’re emotionally prepared. If you’re downsizing because your kids are grown, it can be hard to let go of the memories attached to your family home. Give yourself time.
Ready to move this Spring?
Houses are selling quickly here in Houston and the surrounding area, so if you are thinking of selling your home during this time, contact me today! I would love to help you make this a smooth and easy process from start to finish.