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When is the best time to sell my home?

Monday, November 18, 2019   /   by Kylene Emery

When is the best time to sell my home?

The easiest answer to this question IS spring/summer!  The Spokane market typically peaks June 30th!  There are several things to consider though.  Sometimes selling at the peak of the market isn’t what will work best for you!  Perhaps you need to move sooner, and cannot wait, or you are going to need to buy another home and doing so at the peak of the market is not ideal.

Since winter is upon us, let’s talk about what it is like to list and sell your home this time of year.  Like the cold weather, most people shiver thinking about selling their home during this time of year. It’s likely the hardest to sell a house, but the Spokane market still has very low inventory, so it is better here that many other areas! Here are some pros and cons to consider.

Pros

·       Highly motivated buyers who want to close before the year ends to take advantage of tax breaks

·       Less inventory means lower competition for buyer attention, especially in off-season markets

·       Relocating buyers need to find a home to start new jobs or take other opportunities in December, January or February

·       Top real estate agents looking for year-end sales rise to the challenge to sell your home

·       Giving your home a holiday feel helps buyers envision living there during that time of year

·       Snow can cover some of the uglier features in your yard — at least until it gets tromped into mud

Cons

·       Selling in hot winter markets means more competition

·       Many buyers are “thrift shoppers” looking to play on seller desperation to get a deal

·       Curb appeal isn’t the best, and snow-covered landscapes are harder to see.

·       People are focused on the holidays and hibernating for winter.

·       Days are shorter everywhere and colder in most places in the U.S.

·       Moving after you sell is harder in the winter, especially around the holidays or in coldest months of the year like January and February

·       It’s the worst time of year for any significant renovations or repairs inspections reveal you must make

·       The inconvenience of keeping your home ready-to-show while enjoying the holidays, especially with kids


 


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Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201
509-590-4701

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