If selling your home, when’s the best time to do so? What month will get you the most money in your pocket? Or are there seasons to avoid at all cost? While there’s no hard and fast rule about when is the best time to sell a house, the best time is often a matter of personal preference and circumstances. But there are some general guidelines that can help you decide when to sell your home based on market conditions.
There are many factors to consider when you’re looking at the best time to sell your home.
It’s important to take into account the market conditions in your area and how they compare with those across the country. For instance, if homes are selling faster in your area than they are nationally, then you might want to wait until later in the year. Conversely, if homes in your area tend to sit on the market longer than average, you may want to consider selling sooner rather than later.
If you're relocating, selling your current home and buying another can take time - especially if you need to go through the mortgage approval process. If your plans are more flexible, consider putting your home as soon as you can. If you've done extensive remodelling over the years, then it might make sense for you to wait until those renovations are complete before putting your home up for sale. This way, buyers will be able to see what they're getting in terms of upgrades and improvements - which could increase their interest in buying your property at a higher price point than what it would be worth if it were still in its original form.
It’s true that certain seasons are better than others for selling a home, but not necessarily because of buyer or seller demand. In fact, some of the busiest times of year for real estate transactions are also when most buyers and sellers want to avoid listing their homes. This includes spring break and summer vacation season. The end of summer marks back-to-school time which brings with it lower demand for new homes as families look to move into larger houses that accommodate growing kids’ needs and lifestyles.
The bottom line is if you are planning on selling your home, it’s always better to be ready. You never know when the opportunity might arise. So make sure you have solid knowledge of the market value of your home and that you’re prepared to react quickly. Even if you don’t need to sell your house anytime soon, it can’t hurt to keep up with current real estate trends so that you can be prepared should market conditions dictate that now is the best time to sell a house. The housing market is always fluctuating, and your potential buyers may be ready at any time.
If you are interested in selling your home, book a free house valuation to see how much it's worth in the current market.
There are many factors to consider when you’re looking at the best time to sell your home.
- The first is the market conditions. This includes the supply of homes for sale, demand for those homes and the number of people looking to buy in your area. You want to sell when your home will have the greatest value, but also when it won’t be sitting on the market too long before going under contract.
- The second factor is your personal situation. Are you relocating? Is your job changing? Are you downsizing or looking to upgrade? All these things can affect what’s best for you as a seller.
- Finally, there are seasonal factors that affect home sales in different parts of the country — like winter in northern climates or summer in southern climates.
Market Conditions
It’s important to take into account the market conditions in your area and how they compare with those across the country. For instance, if homes are selling faster in your area than they are nationally, then you might want to wait until later in the year. Conversely, if homes in your area tend to sit on the market longer than average, you may want to consider selling sooner rather than later.
Personal Situation
If you're relocating, selling your current home and buying another can take time - especially if you need to go through the mortgage approval process. If your plans are more flexible, consider putting your home as soon as you can. If you've done extensive remodelling over the years, then it might make sense for you to wait until those renovations are complete before putting your home up for sale. This way, buyers will be able to see what they're getting in terms of upgrades and improvements - which could increase their interest in buying your property at a higher price point than what it would be worth if it were still in its original form.
Seasonal Trends
It’s true that certain seasons are better than others for selling a home, but not necessarily because of buyer or seller demand. In fact, some of the busiest times of year for real estate transactions are also when most buyers and sellers want to avoid listing their homes. This includes spring break and summer vacation season. The end of summer marks back-to-school time which brings with it lower demand for new homes as families look to move into larger houses that accommodate growing kids’ needs and lifestyles.
The bottom line is if you are planning on selling your home, it’s always better to be ready. You never know when the opportunity might arise. So make sure you have solid knowledge of the market value of your home and that you’re prepared to react quickly. Even if you don’t need to sell your house anytime soon, it can’t hurt to keep up with current real estate trends so that you can be prepared should market conditions dictate that now is the best time to sell a house. The housing market is always fluctuating, and your potential buyers may be ready at any time.
If you are interested in selling your home, book a free house valuation to see how much it's worth in the current market.