The time at which you sell your house is entirely up to you. You decide when you’re ready to move on, when you’re ready to sell your old home, and when you’re ready to settle down into a contract with a buyer. However, if you’re someone who’s keen to sell, thanks to just how expensive and stressful moving can be, knowing the trends on time in the housing market is key. Here’s our rundown; you need to answer the question posed above, and there are some stats below to help you make an informed decision.
What Kind of Property is it?
Depending on the kind of property (in terms of age, modcons, etc.) you’ve got to sell, the market could move at a different pace for you. As such, it’s good to consider what features do well at certain points throughout the year – if you’re lucky enough to have an outdoor pool, for example, selling in late spring or early summer can work a treat!
Similarly, the more contemporary your house is, the faster it’s going to sell, no matter the time of year. People love convenience, and if you’ve just had the kitchen and/or the bathroom renovated, there’ll be at least a couple potential buyers who will want to snap your home up right away.
How Fast Do You Need to Sell?
Of course, this can be the main factor in picking the right time to sell your house. After all, if you need to sell your house fast, you’re going to put it on the market as soon as you decide moving is necessary. However, even when you’re in a pinch and need to get rid, you should think about how the market is moving right now.
If you’re selling in spring, you can pick any month of the season and you’ll find a good return. On the other hand, if it’s late summer, or late autumn, or it’s just winter, you might struggle to sell in the time you’d like to. It’ll certainly take more than a couple weeks to find a buyer; waiting another month is a good idea, but you can also ramp up selling efforts, such as hosting an open house, or listing on multiple websites.
Have You Checked the Housing Reports?
Do you know how homes are selling in your area? And not just your neighborhood, but your county and/or your state as a whole? Get online and check out the data; it’s all available on the government website, and you can even use real estate listing websites to get a more in-depth look on how homes near you (as well as yours) have sold in the past. You want to know how buying and selling has changed, and the average time of year in which they’ve sold – it’ll help you to secure the price you want!
Should you sell your house? Take your time working this question out; you might miss out on a good deal.