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Determining the Best Time to Sell a House: Your Complete Guide

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In 2019, more than 30 million people moved in the U.S. What an impressive number of households on the move, nearly one in every thirty people is moving.

COVID-19 is slowing everyone down, in the USA and globally, but there are many reasons to go ahead with a move from your existing home. You’ve landed a new job in a different region, or it’s time for your children to go to better schools. Whatever your reason for the move, if your relocation is dependent on how quickly you can sell your house, it’s essential to understand how the time of year can affect how quickly your property sells.

In this blog article, we focus on what you need to know about timing it right to get the best price in the shortest time.

Here’s everything that you need to know about the best time to sell a house.

1. The Best Time to Sell a House? May

If you want to know how to sell your house fast, then you’ll want to dive in and do your research first. Nationwide, the best time of year to sell a house is in early May.

From May 1 to May 15, you can expect your house not only to sell fast but also to sell for more money. In general, you can expect to get an additional $1,600 for selling your home during this time of year.

Suppose the first half of May doesn’t work with when you’d like to sell your house. Try to stick to other summer months if possible. June and July are both popular months for buyers, and selling a home then can help you get the highest return.

In general, spring and summer are the most popular months because of the nicer weather and because families will have time to settle in before a new school year starts. Days are also longer, which means more time for buyers to visit properties.

It’s not only the month you should think about, though. Many realtors recommend listing homes on Thursday mornings. That’s because people generally look for houses on the weekends when they have more time to spend.

2. Avoid Selling Your Home in Winter

When you don’t sell your home in the summer, you risk losing money on the sale. Seller premiums drop off in September and continue to decline as temperatures drop even further.

December is the worst time of year to sell your house. That’s because a lot of potential buyers travel during this period, and the holidays mean other expenses.

The extreme winter temperatures in specific markets can also make it challenging to visit properties.

3. Know the Market

National trends can help you discover which months are the best time to sell a house. But it’s also essential to learn more about your local market.

If your market is a seller’s market, meaning the demand for homes exceeds the supply, then it can be an excellent time to sell your home, regardless of the month. If your house is in an accessible location, then you’ll also have an easier time selling your home fast.

If you’re living in a buyer’s market, then it could be a good idea to wait on selling if you’re able to.

Sell Your Home Fast

When it comes down to it, the best time to sell a house is always during the spring and summer, so your window to secure an optimum sales price for your property comes down to six months of every year. Choosing to sell your home in May can help you make more money on the sale and help you find a buyer fast.

Plus with more prospective buyers, not only do you get more for your home, the settlement time will be less so you get to move on to your new location without delay.

To learn more about selling your home and the real estate industry, including how COVID-19 has revolutionized the home loan process – then be sure to check out the rest of our site.

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