Sunday, October 27, 2019 / by Ariadne Gold
“I’m going to wait until summer to list my house.” If you’ve had any friends or family sell their home, this is probably a sentence you’ve heard before. But did you know that summer is actually not the best time to list your home for sale?
Summer is certainly not a bad time to sell your home, there are a lot of people looking (and no one wants to move in the middle of winter!). However, because a lot of homeowners do wait until summer to list, you’ll have much more competition. You are also going to have a lot of buyers who are, by this point, frustrated with the process and less likely to be open to negotiation.
So, when is the best time to list your home for sale? Generally speaking, February-April. This is when most homebuyers are starting to get pre-approved and are looking at properties, and it sets you up to attract buyers who want to spend the summer in their new home. It will also attract those who want to be settled into the school district before school starts.
You may be wondering if there’s a bad time to list your home. Historically, November through January is the slowest time of year for the real estate market. This doesn’t mean that you couldn’t sell your home during this time though! The buyers who are looking during the winter months are going to be serious, and motivated to move. You will also have the least amount of competition. I personally closed on my home in the middle of December! Moving in the snow was not fun, but it was a great feeling to have that first Christmas in our new home.
Remember, the two things that drive home sales are pricing and condition. If you are priced well and your home is in good condition, you should be able to sell no matter the time of year.
As always, I’m happy to help if you have questions! (509) 217-7172