Prime Time to Sell Your Home
As a potential seller, it is important to know when the best time is to sell a home. The fact of the matter is: when a seller is looking to buy a home, they want to make sure it is during a time frame where it is more likely that sellers will be looking for a new home to call their own. Under normal circumstances, when a seller decides to put their home on the market, they should have intentions of getting what their home is worth plus a bit of a profit.
With that being said, you may be wondering when the best time to sell your property is. The easy answer is that the prime market for selling begins in the spring and lasts through the summer. There are many reasons why that time of year is actually the best time to sell your property.
First, during the spring and summer months, the weather is warmer. People are more inclined to go house-hunting in warm weather opposed to when it is cold, rainy, and possibly even snowy. During the aforementioned seasons, there is more daylight, which is another reason people are more inclined to search for homes during this time period. Typically, families want to get into a new home before the school year begins (if they have children). This is especially true if children will be changing schools during and after the move. As a seller, it is important to consider the lifestyle of your potential buyer. If this is a consideration, it will assist the seller in determining the best time to put their home on the market.
Another reason it is beneficial for a seller to try to sell their home during the spring and summer seasons is because of better valuations. When an individual begins the process of selling their home, they will get an appraiser to determine the value of the home. As the appraiser appraises the home, before a value is determined, he or she will research data for comparable homes that are being sold in the seller’s neighborhood. However, if the data found is based on a home sold for cheaper in the winter, that could decrease the seller’s valuation. With more homes being sold in the on-season (spring and summer), the comparable data for homes is more accurate.
Finally, during the spring and summer, homes are more appealing to the eye. During these seasons, flowers are in bloom, trees and grass are lush and green. During Daylight Savings Time, there is more daylight during the day, and the sun goes down later than in ordinary time. This is the time that more buyer’s are out-and-about looking for homes. As previously mentioned, homes have a better curb-appeal during the spring and summer months. When a buyer is looking at a home, it is natural to look at and consider the landscaping of a home. Blooming flowers, full and green trees, bright fresh-cut grass is much more appealing to the eye than the opposites.
Although it is not impossible to sell a home during the fall and winter seasons, it would be much more difficult. Sellers should be cognizant of factors which could possibly sway a buyer one way or the other. Therefore, sellers would find that it is much easier to sell their home between the months of March and June, which June being the peak in home purchases.