“Should I sell my house?”, may be the question that is on your mind. The cost of selling a house should also be something that is on your mind as well, and you must weigh many factors that impact your life. It may be one of the most difficult decisions you ever have, so making the right decision could mean everything. Here are some tips that may answer that impending question, “When is the best time to sell a house?”.
Where Do You Live?
Your location of your home will certainly be a factor that will influence when the best time to sell your house is. A home in Arizona will be harder to sell in spring and summer because of heat and natural disasters, while a home in Pennsylvania will get the most attention from buyers in spring and summer.
Understanding your home’s location will dictate the best time to sell your house. Markets are relatively the same in similar areas, so check out the market and if you are trying to sell your house for much more than everyone else… maybe it’s time to take it off the market or at least re-evaluate the price.
Sell in Spring and Summer!
In most areas, spring is the best time to sell your house. Selling your home within the first two weeks of May is the best time of the year to sell. In some other places, April and June are the best times to sell, but on average, you will sell your home about 18 days faster during this time of year than any other.
There are many factors that may prompt such statistics, like tax refunds coming in early spring. Warmer weather allows people to be more engaged out looking for homes that are for sale. School lets out, so your children could finish up school before the buyers swoop in. These are only a few factors, but you can see that for the most part, spring and summer will offer you that great weather for selling a great home.
Sell in Fall!
For many people, especially the ones who live in areas that are hot just about all year long, fall sales may be your best friend. There are many great factors that could influence the cost of your home during this time.
Competition is more scarce, so it may be a little bit easier to get your home off the market during this time of year. Costs for fixing up your home is cheaper. Safety increases as the prime season for home burglaries ends. There are many factors that may account for fall being the best time to sell your home, but this all depends on location.
For many areas, fall isn’t the best time to sell your home, so gauge your market and the place you live. The location of your home will decide when the best time to sell your home is, so listen to your seasons and understand the market before diving in and making some decisions that you will regret.