Stats consistently show that home sellers who wait until the best time to sell a house generally sell their home faster and for more money. Learn how you can cash in by listing your house at the best time of year.
While it’s true that potential homebuyers shop houses for sale throughout the year, there are major benefits of selling your home in the spring compared to any other time of year.
When is the best time to sell your house?
As the weather improves in the spring, people are more inclined to think about and actively plan a move into a new home. Logistically it’s much easier to move when you’re not dealing with freezing temperatures and snow. Longer, sunnier days push people out of hibernation and get them out and looking at homes.
Homebuyers are also aiming to line up a home purchase so that the possession date happens early-to-mid-summer, giving them time to move, settle in, and enjoy the remaining summer months in a new home before the school year starts.
Benefits of Selling Your Home in the Spring
- More buyers = more potential offers = higher selling price. A real estate report from Zillow found that, on average, home sellers who listed during the peak home-selling season (late spring) sold their homes for $1,600 more than they would have at any other time of year. Specifically, homes that were listed between May 1 and May 15 tended to have a selling price of approximately 0.7 percent more. It might not sound like much, but for a $500,000 house, that works out to an extra $3,500.
- Fewer overall days on market. Listing during the best time to sell a house means you can end up selling up to six days faster than other times of the year. In a buyer’s market where days on market can end up being months on market, shaving almost a full week off your timeline is a real bonus.
- Everything is brighter under the sun. Don’t underestimate the positive impact of sunshine, budding leaves, and warmer air! Springtime inspires change and for many people that change is all about buying a new house. Plus, your home’s curb appeal improves significantly when it’s not covered under snow and ice! Potential home buyers will appreciate your home so much more when they can imagine themselves relaxing on the deck, enjoying the perennial flowers, and basking in the shade of beautiful trees.
- Better moving conditions for you too! There are many reasons why you might be selling your home: moving up, downsizing, job relocation — the list goes on. Selling your house in the spring means you’re probably also buying a house in the spring, which means you also stand to benefit from quicker sales, better weather, higher inventory, and better timing. Selling your home for a slightly higher price in the spring will help with the purchase of your next home.
Take Advantage of the Best Time of Year to Sell a House
If you can, planning ahead to list your home in the spring is one of the smartest home-selling decisions you can make. Time it right and you can benefit from a quicker sale for a better price, and a much smoother move for all parties involved.
If you’re thinking about listing your home for sale this year, now is a great time to get started. With over 15 busy spring/summer real estate seasons under his belt, Wally has expert advice for home sellers who want to sell a house in the spring. He’ll help you navigate the process so that you can sell your home quickly at a great price and enjoy the summer months ahead.
Get your house listed in time for spring! Call/text Wally at 780.238.7384 or reach out online.