Are You Ready to Sell Your House? Selling your home is a big decision to make, so deciding when to sell your home. Just as there is an ideal or “peak” time for many of the purchases we make. This “peak” time is when they tend to go on sale or are typically less expensive. This also applies to more significant purchases, such as buying or selling a home.
Of course, there are many factors at play that will dictate when you should sell your home, but according to research on home sales, the best month to sell your home in March.
In general, homes have sold the fastest this month, and in April, homes have sold for more than the asking price. Homes listed on a Thursday also tend to go pending more quickly than the other days of the week.
Homes listed in the Spring and Summer also tend to be easier to sell in areas where winter hits, perhaps because the weather is nicer, and you can get those really nice listing pics.
You should also try to sell before September when most families are trying to get moved and settled before school starts. Listing in these months does not guarantee that you will get the same results, but it increases your chance of selling quickly and for top dollar. If you are wondering, “when is a good time to sell my home? You need to also think about what works best for you. You may have to accommodate a job, or you just may not have found your new dream home yet.
Should I Sell My House?
When you have decided to sell your home, you want to decide on a time that works for you, your job, and any other factors that will play a role in selling.
Of course, you want to get the most out of selling your home, so choosing the right time is crucial to making the most profit and getting it sold quickly. It is important to sell quickly because the longer a home is on the market, the less interest it will pick up.
That’s because potential buyers go “cold.” That is, they see it as a negative and think that something is wrong with it or that it is just too good to be true. So, ideally, you want to sell when the market is hot, which is typically within the first week of listing your home.
Another cue to sell is when there are more buyers than homes, also known as the “buyers market.” You are more likely to get more for your home when you can be picky with your offers. Buyers will know this, too, and they will be more desperate to buy when they have to bid against other eager potential home buyers.
When is the Best Time to Sell My House?
There is no perfect time to sell that will work for everyone. But, you never want to sell in a hurry. You will almost always settle for less than you want, and you will not be happy about it.
If you can, sell when the season and conditions are right and when the market is hot. But if the cards are just not in your favor and you need to sell, there are other options available. For example, some companies will buy your home directly, so you can skip a lot of the stress of selling your home, and you could even sell it in as little as a week.
So, you are wondering, “is now a good time to sell my house?” ask yourself a few questions, and you are bound to get the answer. Factors that will affect your answer may include a career change, financial benefits, or having to accommodate a growing family. You may even feel that it’s time to downsize. People tend to downsize when they become empty nesters or to lower their monthly mortgage payments.
If you are considering selling but haven’t been able to make up your mind, the market is currently very good for sellers, so you will likely end up getting more than you expected.
Be Prepared to Sell
It is always a good idea to spruce up your home before listing it. This means that it will be more appealing to potential buyers, and it doesn’t have to take much time or money. Sometimes a quick coat of paint or even a fresh set of curtains will give your home a facelift and will make it easier to sell. Be sure to check off those honey-dos as well. This will speed up your sale since there will be less to find on the home inspection report. Once you decide to sell, you want the transition from listing to pending to go quickly and smoothly, so whatever you can do to expedite the process helps.
Don’t Be Too Hasty
Remember not to stress if your home doesn’t sell within a week, and don’t be too hasty to lower the price too quickly. Realtors will sometimes be a little pushy and try to get you to come down on the price to make a quick sale, but that means you end up with less when it’s all said and done. If the market looks good, wait it out as long as you can before settling for less. Go with your gut and be patient-the right buyer will come along.
