There are many factors that go into selling a home quickly, but timing is one of the most important. Many homeowners are pressured into selling their house during the worst month and are stuck with a myriad of problems. If stuck selling a home during the winter, many homeowners find they get fewer and lower offers, especially in colder regions. But what about the rest of the year?
If you are interested in selling your home for cash, chances are you want to do it quickly. If you time the sale right, you could get a high-dollar offer lightning fast. With that in mind, what are the best and worst months for selling a home?
Winter: December through February
Ask any real estate agent, and they will tell you that one of the most common questions they receive is, “will my house sell during winter?” The short answer to the question is it depends on a few factors. These factors include where the property is, what the real estate market is like, and the condition of the home.
During winter, there is less competition for sales, but that does not always mean a better opportunity to sell fast. The low number of buyers often means that sellers wind up waiting for ages for an offer they are willing to accept. In areas where it snows, the cold and wet blanket of white may look serene, but it can hide some desirable home features, like a stone patio or pool.
Additionally, home buyers do not want to have to move during the coldest months of the year. Overall, the winter is the least likely time of year to sell a home fast for a reasonable price.
Fall: September through November
It is easy to assume that beautiful fall foliage means increased curb appeal for a house, but it is actually more of a hindrance than a help. Homebuyers might look at the number of leaves in the yard and fret about the amount of cleanup they will need to do rather than how beautiful the tree that dropped them looks.
Young families are often much busier during the fall, as children head back to school, and parents generally do not want to disrupt the child’s schedule with a move. Furthermore, the holiday season is fast approaching, and buyers and sellers have to contend with the pressure to get the sale over before the season starts. All in all, the fall is not the ideal time to sell a house.
Summer: June through August
Summer is certainly a much more popular time of the year to sell a house, especially in the northern regions. However, much like it is difficult to sell a house in the north during winter, it can be difficult to sell in the south during the summer. Home sellers in hot places like Florida or Texas should avoid the middle of summer, as high temperatures mean high showing costs for both yard maintenance and air conditioning.
In northern regions, the summer is not a bad time to sell a house. The days are longer, the weather is hospitable, and children are out of school. These factors mean home buyers are often actively looking for a house, but they usually want to close and move before the start of the fall.
Spring: March through May
Most real estate agents agree that the spring is the best time to sell a house. The first two weeks of May are considered the most lucrative weeks of the year in most areas. This is because the weather is warm but not oppressively hot, the landscaping for most places is naturally lush this time of year, and tax refunds mean home buyers may have more cash in their pocket to help with the purchase.
When selling a home, timing is everything. However, if you need to sell a home quickly, you may not want to wait until the best month to list it for sale. Instead, if you want cash fast, you should consider a non-traditional home sale.
*Photos by Kindel Media