You want top dollar for your house, and you want it to sell fast too. It’s a tall order to fill, but when you know the best time to sell your house, it can happen. While the right time to sell your house is when the house is in great condition, its value is up, and the market is hot, there are certain times of year that you should and shouldn’t sell your home.
What is the Best Month to Sell my Home?
There isn’t one specific month you should sell your home, but focusing your selling efforts in the spring and early summer months usually has the best results. Most owners get the most for their homes in June and July, but most of the spring and summer months are great times to sell.
What Time of Year is the Worst to Sell my Home?
There isn’t a certain month that is the worst time to sell your home since you could sell it at any time of year, however, winter months tend to be slower no matter which part of the country you live in.
There aren’t as many people looking to move in the winter months which may bring values down. When there are more sellers on the market, values increase because buyers are willing to pay more when there is competition for the house they want.
What Day of the Week are Most Houses Listed?
The most popular day to list a house is Thursday. It sounds like an odd choice, but here’s why.
Most buyers plan the houses they’ll see over the weekend on Thursday or Friday. Fresh listings will catch their eye faster, and they’ll be more likely to want to see it right away to get ahead of the competition. If you list your house near the end of the week, you’ll have a better chance of it being viewed and even possibly have offers on it faster.
What’s your Equity Situation?
Of course, your equity position plays an important role in when the best time to sell your house is. If values are lower than what you owe on the house, no time is good for you to sell because you’d walk away with a loss.
If you have the opposite situation and values are high and you have a decent equity position that allows you to cover the seller’s closing costs and still walk away with cash in your pocket, it’s a good time to sell your home.
Final Thoughts
Knowing when to sell your home is important. Timing it when values are the highest and demand is high too will help you sell your home the fastest. If you’re wondering when the best time to sell your home is, contact me today and we’ll discuss your situation to see when you should sell your home.
I look forward to working with you and helping you get top dollar for your home!