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When Is the Best Time to Sell My House


To the surprise of many people, the seasons will have a direct influence on how challenging it can be to sell a house.


Spring


In the mid-Atlantic region, the best time to sell a house is during the spring.


Statistically, May is considered to be the most ideal month to list your home, as there is an increased chance to close at nearly 1% higher than it otherwise would. According to Zillow's market research, houses listed during this time also sell at an average of 18.5 days sooner.


The reason for this starts with the fact that it's more appealing to shop for a home in warmer weather. Your property looks far more presentable when the grass is green, the sun is shining and the flowers are colorful. Think curb appeal!


It's also worth noting that tax returns are often used to help with the down payment.


The downside of selling in the spring is the increased competition, thereby leading buyers to feel less pressured to make an offer.

Summer


There are advantages to selling your home during the summertime as well. More often than not, families prefer to move while their kids are on summer vacation.


During this time of year, there are more people out and walking around, which translates into more visibility for your home.


Bear in mind that if you are going to put your house on the market in the summer, landscaping is a must! Mow the lawn on a regular basis and keep it looking healthy, which may include watering the areas that frequently get overexposed to the sun. For as trivial as it may seem, having patches of brown grass can turn away homebuyers.


Fall


While this is not an optimal time of year to list your home, it does come with the benefit of having less competition.


The start of a new school year makes this season less than ideal for families to move. Furthermore, the upcoming holidays will cause some potential buyers to be more apprehensive about the amount that they're willing to spend on a home. During these months, many people are simply getting ready to bunker down and hibernate, both financially and mentally.



Winter


Winter is typically the toughest time to sell your home in this region, as your property loses a great deal of curb appeal due to the weather.


It’s not impossible though. One advantage is that buyers who are shopping during these months are often serious and will be aggressive in making an offer on the home they want.


Another thought is that the end of the year is when some people are told about relocating for their job, thereby leading to houses selling more quickly.


Final Thoughts


There are other factors aside from the seasons that should be taken into consideration.


Are you in a good financial position?


Are you emotionally ready?


Have you found a new home yet?


Not everyone will have the luxury of choosing when to sell their home. Making the right decision for you and your family is crucial, and peace of mind needs to be a top priority. At the end of the day, the best time to sell your home is when you’re ready to do so.


Are you looking to buy or sell a home, now or in the near future? Give me a call!