When Is the Best Time of Year to Sell a House?
If you’re looking to sell your house, you may be wondering when you should list it to get the best offers. There are pros and cons to each season, so here are some factors to help you decide the best time of year to sell your house.
Spring is most popular
It’s long been thought that spring is the ideal time to put a house on the market. It certainly makes sense: the weather is nice, people love being out and about, flowers are blooming, and buyers are in the mood to start anew. While general data from the realty industry and academic studies show that May and June have the highest sales numbers, that doesn’t mean spring is the best time to list a home. Many of the houses that sell in spring are actually listed in the winter. One drawback of putting your home up for sale at this time of year is increased competition. With many homes to choose from, buyers can afford to be picky and make lower offers.
Summer is often considered to be an optimal time to sell a house because buyers don’t have to pull their kids out of school to move and they can be settled into their new house before the school year starts. Sellers can also take advantage of the warmer weather to make repairs, spruce up the lawn, and make sure the house is in top condition. While this may be a great time of year to buy a home, sellers will again face more competition during the summer months.
In Kansas, we often don’t experience a true “fall” season, which means the weather can be mild enough to spruce up your house and keep buyers out and about well into October. It’s also a good time to take advantage of seasonal colors and décor to stage your home and improve its curb appeal. With the changing weather, keeping leaves raked and gutters clear is a must when selling a home in the fall.
It may not seem like it, but winter can be a great time to sell a house. There’s less competition, because many people wait for warmer weather to list their home, and winter buyers are usually more motivated. They are often moving because of a job or other external circumstance, which means they don’t have time to wait for warmer weather. Numerous sources report that listing a home in November yields a higher likelihood of selling more quickly and of receiving an offer close to or better than the asking price. When staging your home for sale in the winter: take advantage of holiday décor to make your home more appealing and inviting to buyers.
Sell when it’s right for you
The bottom line is, the best time of year to sell your house is whenever you’re ready. There are many factors that can impact a home’s sale besides the season. Making sure your home is in good repair, staging, choosing the right realtor, and listing your house at a competitive price will help your home sell better any time of year.