Selling your property can be a stressful process. Sometimes it feels like you’re sailing against the wind. However, there are tricks to help you along the way. Knowing when to sell can have a huge impact on how much money you will get out of the deal and how long it will take for you to find a buyer.
Studies show that selling during certain times of the year can yield more benefits for the seller and help them net a higher profit, while others work quite the opposite. Depending on your circumstances, you can plan strategically and hit the market at the right time.
Spring and summer are the best seasons to sell
Selling your home during spring or summer seems to be the best option. People start shopping for their dream property as the weather gets warmer and the days get longer. Also, the best time to move for buyers is summer, as it gives them enough time to close the deal and move.
Fall and winter, on the other hand, are buyers’ least favorite seasons. With children returning to school, colder days and holidays just around the corner, people tend to focus their attention on other events and postpone buying a home. October and December seem to bring the least profit to sellers out of all the cold months.
Seasonality has a big impact on how quickly and profitably you are going to sell your home. You wouldn’t be so tempted to look for condos for sale when it’s cold and rainy outside but on a warm day, you’ll be ready for this.
Pay attention to local trends
Spring and summer are the best seasons to sell. But when exactly? The best months seem to be May and July. The properties listed during these two months sold faster and for more than what they were valued at. However, you should be aware that spring and summer are competitive seasons with most sellers putting their homes on the market at this time.
Also, while seasonality strongly affects home selling, trends can vary substantially from one city to another. Sometimes even a one-week delay can offset your efforts. If you want to be as precise as possible and make sure you will net a good profit on your home, then looking at the local market will help you plan accordingly.
Don’t overthink the whole process, though. It is important to know the best time to sell but it’s normal to fall a bit behind schedule or rush things up because of your lifestyle and schedule.
Finding the best time to list your home and sell can be of great help in speeding up the process and closing the deal profitably. However, make sure all the other details are taken care of, such as clean spaces, repaired amenities, a nice curb appeal, and other fixtures. This way, when the buyers come at the right time, your home will be ready to welcome them.
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