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BEST SEASON TO SELL YOUR HOME
BEST SEASON TO SELL YOUR HOMEThere are a number of reasons why a property is put up for sale. Here are some of the most common reasons:
1. No longer the right size
Your family is growing and you want to upgrade; or the kids have gone to college, there’s an empty nest and you want to downsize.
2. Financial strains
You are forced to sell because you cannot afford it anymore. It’s either you lost your job, home loan rates have gone high or due to other unforeseen circumstances.
3. Hot market for selling
When there is a low inventory of houses up for sale but there is a spike in the number of interested buyers, this means you can sell the house sooner and/or for more money.
4. Lifestyle changes
It could mean a new job, retirement, new relationship or you just simply want to have a new environment.
Whatever is your reason, sell your home to your advantage. Know when it’s the best time for you to list your property. And believe it or not, there is a best season to put it in the market.
Winter
This season is not the best time to have your home listed. Buyers are few and there will be less opportunity for you to showcase your impressive front lawn or charming backyard because of the harsh weather.
The only redeeming factor is that there will be less competition – not a lot of people will have their homes in the market during this season. This could work to your advantage.
Spring
This is the best season to sell a home. Buyers are more inclined to go out and check out homes because of the good weather. It is also a good time for house hunting especially for families who are planning to move to a new location. They normally buy during this time so they’ll be ready to move in during summer – right before the school season begins.
However, it is also for these same reasons that the market is saturated. The competition is stiff and most likely you will not be able to command a higher price unless your property is the best in the block.
Summer
Just like spring, summer is also a good time to sell your home. 50% of home sales happen during this season (Realtor.com). And this may be considered a final stretch for those who want to move in before school starts. Consequently, buyers are in a rush and more eager to buy.
However, since this is also the time where most people travel or go on vacation, the buyer turn out is fewer compared to that during spring.
Fall
Why list your home in the fall? The fall season has a lot of inventory. Sellers tend to come out and put their houses on the market. Buyers are also out to shop for homes. This does not mean it is the best time. However, based on our timing, we would like to encourage people to get ready for spring.
Still not sure when to list your home?
According to Zillow: “Nationwide, the best season to sell a home to both maximize return and minimize time on the market is in the first half of May.”
Best month to sell: First half of May
Best day of the week to list: Saturday
Why?: Nationally, homes listed for sale in this window sold almost two weeks faster than average, and for $2,500 more, compared to average points in the year
In San Francisco, selling a property depends on seasonal trends. The tepid weather makes the selling cycle different from elsewhere but there is not a bad time to sell your home. Still, best season to sell is spring followed by fall and summer. Winter is the slowest.
As for the best time of the year to sell within your area, Zillow made this list as a reference:
In conclusion, the best time to sell your home is whenever you’re ready to sell it for your specific reasons.
Do you have some questions? Please fill out the form below, indicate the best time for me to call you back. I would love to help and discuss the home selling process with you.
