2018 is looking to be a highly advantageous time for homeowners looking to sell. There are many factors that make it so that homeowners can get the most out of their properties. Consumer confidence is at an all-time high since the 2008 financial crisis, and mortgage interest rates are incredibly low. However, there are more aspects that can impact how much money you get out of your home. One of those factors is the time of year, and here is some information to keep in mind.
Selling in the Summer
Summer is a great time to put a house on the market because people tend to take more time off work, so they may be more inclined to go to open houses. Some homeowners even like to get creative and host a little barbecue as part of an open house. Another benefit of the summer months is that the curbside appeal of the house is at its peak because any foliage will be in full bloom.
However, one thing to consider is how hot it tends to get in your area. If the summers are particularly brutal, then a lot of prospective buyers will not want to venture out. Additionally, a lot of people go on vacation during this time, so there may be fewer people in your area actively looking for houses. For homeowners in more moderate climates, summer can prove to be advantageous.
Selling in the Fall
A lot of homeowners tend to avoid selling in autumn. The reason for this is due to the fact there is so much more going on. Parents have to get their kids ready for the new school year. As a result, you have a lot less competition in the marketplace, and potential buyers are more likely to flock to your property.
The drawback to keep in mind is that while fewer homeowners put their houses on the market, fewer people tend to look. They also tend to be busier during this time with the kids, so you may not get as many phone calls.
Selling in the Winter
Winter is usually the least popular time to put a house in the marketplace. The weather is at its worst, so the curbside appeal of your property will be at its lowest. If you have a gorgeous garden, then you probably cannot show it off to its fullest potential during this time.
On the other hand, you may be able to command higher prices for anyone who is looking to buy. Fewer houses means would-be buyers have fewer options. In the event you absolutely must sell your home during this time, then it may be prudent to look at companies that advertise, “We buy any house.”
Selling in the Spring
In general, spring is the best time to sell for most homeowners. Your yard will look its best, and it will serve as an optimal time for families to move.
Most families tend to avoid moving in the middle of the school year because they do not want to disrupt the children’s studies too much. Buying a house in the spring means the deal will close in 30 to 60 days. That means the actual move will not actually occur until the summer when the kids are out of school. When you have an open house in the spring, you can definitely expect a lot of people to come through.
The time of year is merely one factor to consider amongst many. You also need to consider whether you live in a metropolitan or rural area. You also need to look at what other houses in your neighborhood have sold for. Considering all this will increase the chances of getting the most out of your house.