Timing is important when it comes to selling your home quickly and for the highest possible price. If you put your home on the market when demand is limited, it may be harder to find a buyer willing to make an offer on your property. Let's take a look at some of the best and worst times to put your house up for sale.
Winter Is Generally a Poor Time to Sell
The cold temperatures and limited amount of daylight make it difficult for people to find the motivation to look at new homes. Furthermore, it can be harder to properly showcase a home when snow and ice make it difficult to park in the driveway or walk to the front door without slipping.
It is also important to consider the impact that the holiday season has on a person's willingness to buy a home. In most cases, individuals spend most of November and December buying gifts or spending money on family gatherings. In many cases, individuals who are looking to buy a home will spend January and February paying down those balances before applying for mortgages.
The Spring and Fall Months Can Be Ideal Times to Sell
The spring season is an ideal time to sell because there are generally more buyers looking for properties to purchase. If your home is among the first on the market, there is a good chance that you could attract multiple offers on it. The warmer temperatures and increased sunshine generally put people in the mood to venture out of their homes and see what is available.
Demand for residential real estate tends to peak again in the fall because people want to be moved into their new homes before winter takes hold. Parents who have children may want to have a home purchase complete in late August or early September to ensure that their kids can start school on time.
Why the Summer Isn't Necessarily a Great Time to Sell
The summer season typically isn't the best time to sell because buyers tend to be on vacation or simply looking to enjoy themselves. In some parts of the country, it is too hot and humid in June and July to spend much time and energy looking at homes.
By putting your home on the market when buyers are most active, you are more likely to get an offer on the property in a timely manner. Your real estate agent may be able to help you learn more about when demand tends to be highest in your area.