Nationally, the best time to sell a home is typically in the spring, at the beginning of May. Although this is a typically good time to sell for most homes, this can vary depending your housing market, the job growth in the area, tax incentives and mortgage rates. Here’s a quick breakdown of factors to consider for when the best time of year is to sell your house.
Selling Your House in the Spring
People tend to enter the market for a new home in the spring as the weather warms up. It is ideal to prep your home to sell during the winter so that you can list it in the spring. The spring is also when many people get their tax refunds and are more financially prepared to purchase a home.
Selling in the Summer
While the summer is another popular time to buy and sell a home, many people are on vacation, which makes buying a new home a low priority and more stressful, especially if you live in a warm climate.
Selling in the Fall
A lot of buyers who are looking to buy a home in the fall are trying to settle down before the school year begins or before the weather gets too cold. This sense of urgency can benefit sellers, but many buyers during this time may also be moving due to a job transfer, short sale, or family change and they may be looking for a home on a strict budget.
Selling in the Winter
Winter is generally the slowest time for real estate, but if you live in a warmer climate like Florida, you may have a bigger window for selling your home in the winter. It really depends on where you live and the market you are in.
Factors that Make it a Good Time to Sell
If the local job market is booming, this can be an ideal time to sell as there will likely be people flocking to the area looking for jobs and people who have recently transferred jobs.
Low mortgage rates can also inspire people to purchase a home because this can mean big savings on the total cost of the home.
Tax incentives on purchases can also improve the home selling odds regardless of the time of year.
If you are ready to sell your home, contact me today so we can talk about a strategic plan for selling your home.
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