With most things in life, timing is everything. It’s no different when it comes to selling a house. Picking the right time to sell a house can mean much fewer days on the market and much more money in your pocket. So, when is the best time to sell a house?
Continue reading below as we reveal when you should be putting a “For Sale” sign up in your front yard!
The Best Month to Sell A House
The season you are most likely to enjoy the outdoors is spring. So it should come as no surprise that the best month to sell a house is May.
If you’re located in the 25 largest metro areas in the United States, you are likely to sell your home nearly 19 days faster in the first half of May than at any other time of the year. And what’s more, you can also sell your property for about 1% more in early May!
While favorable weather conditions play a major role in May home sales, other factors, such as anxiety over not being able to find a home or wanting to be settled before the end of summer vacation, make the month the best time to sell a house.
Though on average May is the best month to sell a home, you can also get a pretty fair rate of return in other months depending on the climate you live in. For example, if you live in a warm, southwest climate, snowbirds in town for the winter could very likely be looking to purchase property. Conversely, those relocating for winter work could be interested in your house in the fall.
The Best Day to Sell A House
If you’re trying to sell a house, you’d probably like to put it on the market as soon as possible. In many cases, that would mean right at the beginning of the week, first thing Monday morning. However, did you know the best day to put your home on the market is actually Thursday?
Most potential buyers look at homes over the weekend, so they begin the scouting process on Thursdays. Sure, your ad will still appear in front of potential buyers if you put it up early in the week, but it will be pushed down the latest results page.
Also, it’s better to list real estate in the early afternoon or evening on Thursday to ensure you will appear on the first page of search results. Listing early on Thursday could push you as far down to the second page.
Other Factors to Consider When Selling A Home
There are several other factors besides seasonality to consider when selling a home. For instance, it’s never a bad idea to put a home on the market when the local job rate is on the rise. No matter the time of year, there will always be plenty of people looking for housing as they relocate to your area for new job opportunities.
You should also keep an eye on mortgage rates. New and first-time buyers are especially eager to buy when rates are low. The same goes for any new tax incentives for buyers, so monitor any potential local, county or state laws that may be on future ballots.
It’s Always A Great Time to Sell A House with Home Investors of America!
There’s never a bad time to sell a house with Home Investors of America!
Not everyone has the luxury of waiting until the spring to put a house on the market. Fortunately, we buy houses seven days a week, 365 days a year!
And what’s more, there are no listings to create, real estate agents to hire or repairs to make! We will buy your house AS-IS with a fair, ALL CASH offer!
If you need to sell a home right away, contact us today at (540)390-1960!