Did you know that in 2020 alone that more than 5 million homes in the United States were sold? If you plan on going through the home selling process soon, you no doubt are excited to sell it for the best price and as soon as possible. But you might find you’ll have to wait a while for that opportunity unless you discover the best time of year to sell a house.
After all, there are certain months in which homes for sale can sell instantly and other months where homes might sit for months at a time. Keep reading more below and learn why putting your home up for sale at the right time of year can make all the difference.
What Is the Best Time of Year to Sell a House?
You might have your home perfectly staged with great curb appeal and more, but if you don’t consider when to sell a home, you might have to deal with your house for longer than you bargained for. However, there is no single answer when it comes to finding the best month to sell your home. That’s because one month might be best for selling your house fast while another month might be best for getting more money.
For that reason, you will need to consider what is more important when you sell your home: time or money? If you need to move out of your house and profit from it as soon as possible, you, of course, will need to sell your house in the month in which homes sell fast, which is March.
March marks the beginning of spring and it is the time in which many people want to start looking for (and buying) a new house. In spring, homebuyers don’t have to worry about moving their furniture through the snow or ice. They also won’t have to deal with scorching summer weather either.
However, if you don’t have time to list your home in March, then don’t worry because your next best bet is May. May has a long history of being one of the best months for selling homes, so keep that in mind the next time you go over your list of home selling tips. Only recently has it been surpassed by March for the month in which homes sell fastest.
But what if you don’t care much about how fast your home sells but rather how much your home sells for? In that case, you might want to opt for July. There seems to be a trend of home buyers paying more in July.
When Is the Worst Time to Sell a House?
How to sell a home can be easy when you pick the right time of year to sell, but it can also be a nightmare if you choose the worst time. That’s because some months are essentially dead-zones when it comes to finding home buyers for your home for sale. The reason has to do with the basic principle of supply and demand.
Since many people put their homes up for sale in the spring and summer, there are going to be more home buyers during that period. Also, since there is so much competition, the homes are going to be able to not only sell fast but at high prices as well. However, if there is a busy period in the housing market, there also has to be a low period.
That low period tends to be in autumn and winter. For example, starting in October and going into the winter months, very few homes are for sale. For that reason, there is not a lot of competition due to the lack of home buyers and, ultimately, you won’t be able to sell your house for as much as it might be worth.
More than that, you might have to wait months at a time for your house to sell. If you’re in a hurry, that’s the last thing you want. However, keep in mind that it isn’t always so cut and dry.
Depending on where you live, winter and autumn might not necessarily be the very worst times to sell your house. If you live in a region that has standard temperatures all year such as Florida or California, you will find that the time of year you sell your house doesn’t matter as much. If you are in a cold region, try waiting until it warms up before selling.
Home Selling Tips to Keep In Mind
Many people overestimate or underestimate the time it takes to prep a house before selling it. Make sure you always prep your house ahead of time, otherwise it might be too late to list your home in the month in which it might sell for the best price and in the shortest amount of time. If your house needs any repairs, get them done as soon as possible so you don’t miss out.
If you want to sell your home especially fast, you can try selling it to cash home buyers like webuyhousesmemphistn.com. Cash home buyers can make the process of selling much easier compared to the traditional way of selling. You can also walk away with cash and you won’t have to worry about the long and drawn-out process of selling your house either.
Selling Your House at the Best Time
By understanding the best time of year to sell a house, you can make sure that you won’t be waiting for months at a time for your house to sell. By waiting until spring or summer to list your home, you can sell it as fast as possible and for the best price.
To learn more, check out the real estate section on our website.