In 2021, over seven million homes were sold in the U.S, which shows how strong the housing market is currently.
Figuring out the best time to sell is key to landing a great deal and streamlining the buying process. But with so many factors at play, it’s difficult knowing when to sell and start your move. Maybe that’s why you’re here; you’re new to selling properties and are looking for inspiration.
Sounds like you? No worries, we’ve got you! Read on for the answer to “when is the best time to sell your house?”
Sell From March to August
The best time of year to sell is from March to August because buyer demand eclipses the number of houses available. In fact, it’s wise to sell in May, June, and July to miss out on the competition during spring’s buying season. If you want to get started, you can discover more here and start the process.
If Rates Are Low
You want to sell when rates are lowest in the housing market. You’ll notice that buyers become more eager to find the home of their dreams and join bidding wars. As a result, this increases home prices, so you can enjoy a solid profit.
If Your Home Is in Decent Condition
Homeowners should also consider listing a home if it’s in decent condition. You don’t want to wait for your property to become riddled with costly repairs, so if you want to sell, do it soon. And don’t forget to show the property in the best light, such as boosting curb appeal and giving each room a fresh lick of paint.
If You’re Ready to Downsize
Aside from figuring out how to increase home value, sell when you’re ready to downsize. Downsizing is more budget-friendly than maintaining a larger property, especially if you’re about to retire. Then, you can use the money from the sale towards your new home, making it a win-win!
If You Need to Relocate
Another good time to sell is if you need to relocate, whether it’s for work or a lifestyle change. Selling when you need to lets you start looking for new properties in a new state. Plus, you may be in luck, especially if you’re in a more expensive neighborhood or city because you automatically make a profit.
If Supply Is Short
Consider the health of the housing market, as that will determine whether it’s a good time to sell. If there are fewer properties for sale, this will drive demand and price, which is great news for sellers. It also means that homes will sell far faster.
When Is the Best Time to Sell Your House?
Hopefully, you now know the answer to “when is the best time to sell your house?”
The best time to sell your property is when you’re ready to downsize or supply is short because you can hike up the price. You should also sell when interest rates are low or if you need to relocate. Good luck!
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