Are you thinking about moving homes?
Over 800,000 houses were sold in the United States in 2020. But, that doesn’t mean they were all sold at the optimal time.
Let’s answer the question, “is now a good time to sell a house?”
Know the Time of Year
The number one thing you need to consider when you’re thinking about selling your home is the time of year. You’ll want to time it so the home prices are as high as possible.
April, May, and June are generally the best times to put your house on the market. That’s because the spring is considered the beginning of home-selling season. Your real estate agent might list your home on a weekend, so that they can schedule an open house ASAP.
The market is usually most competitive during these months, since this is often around when people start looking for new homes. So, if you’re wondering how to sell my house fast, the spring might just be the time to do it.
Think About Your Area
While the time of year can give you a general idea of whether it’s time to put your house on the market, it can differ depending on where you live. For example, if you live in a sunny, warm area of the country, you may want to put your house up for sale when the weather gets cooler. That’s because people become interested in getting out of the cold and heading for warmer climes. That’s because people become interested in getting out of the cold and heading for warmer climes.
Unless you live in a ski town, you don’t want to be selling your home in the winter. But, if your area is well known for its winter activities, waiting for November or December might just be an appropriate choice.
And, in some specific areas, the real estate market is just different. In Raleigh, North Carolina, for example, the market is at its highest point in November. In Las Vegas, Nevada, you’ll want to wait until December. When in doubt, ask a qualified real estate professional for their opinion!
Look at the Market
No matter where you live, and when it is, the market will ultimately decide whether or not you should be selling your home. If the market in your area is flooded with amazing homes, people looking at their options will have the leg up when negotiating a price. You may want to think about waiting until the pickings are a little slimmer so that people will start getting desperate to find a place to live.
Of course, there are other factors you may want to consider when you’re selling a property. Ensure that you do your research so that all of your bases are covered.
Is Now a Good Time To Sell a House? Now You Know
Hopefully, you now have enough information to start figuring out is now a good time to sell a house.
Are you searching for more real estate advice? Check out some of the other sections of this site for more of what you need.