Buying and selling houses serve as difficult decisions. Figuring out the who, what, where, when, why, and how presents plenty of choices. For the correct options to be selected, you must understand the market and how to maneuver it. While you may live in the area and believe yourself to understand the different trends, you do not study them. People work for a living to study and help determine the timing of when to sell your house. When it comes to selling your house, putting your trust in a Real Estate Agency that knows the ins and outs of the market will help you get the best deal possible.
Each season presents its own set of market rules. While you may believe the summer is the best time to sell your house, the reality tells a different story. The market booms the most in the spring. Spring is the ideal time to sell your house, as the statistics consistently show. Thus, if you wish to consider selling your house, doing so in the spring will bring you the optimal payment for it. Let’s take a look at the stats that tell the story and more.
Reasons Why Spring is the Best Time to Sell Your House
They Sell Faster:
When you sell your house, it’s like listing a product on eBay. While you want to see the product sell for the maximum price, you also want to see it sell as quickly as possible. However, selling houses can take a very long time. There’s an entire process that must be done, and someone has to fall in love with the house in order to feel ready to purchase it. With that, your house could end up being on the market for quite a while, leaving you feeling like you cannot sell it.
Rather than dealing with that stress, finding a better time to put your house on your market will help. When you sell your house in the spring, statistics show that the house sells faster. People are looking to buy in the spring, as they look to buy while the weather is getting warmer. This provides them with time to acclimate themselves to the community and the weather ahead of the more hectic seasons.
The statistics fall in line with this thinking. In 2016, homes listed between May 1 through May 15 sold on average, approximately 18.5 days faster than homes that weren’t listed during different timeframes. Thus, houses sell faster, and you can go into the market knowing that’s the case.
Houses Sell For More-
From the same study, homes sold in the first half of May also sold for around 1 percent more than the average listing. This turns into a premium of about $1,700. Interestingly enough, the study found that buyers were struggling to find their dream home, as all of the good homes were being snatched up quickly. This speaks to the market’s excitement during spring-time. People are on the prowl for their next home, so not only do they buy faster, but they buy for more. It’s a simple case of supply and demand. However many buyers there are, it raises the price. Thus, if there are dozens of families looking at the same home, that home will raise in value.
Suddenly your home you wondered if you could sell or not will bring in more money than you expected. When people are looking, you’re bound to find someone who’s looking for what you have to offer.
Everyone Loves Spring-Time
One of the most fascinating reasons behind the pick-up in the market in the spring comes due to psychological reasons. See, even in the warm weather states such as Florida, winter can be a downer. While the weather is nice in Florida in the winter, it’s not nearly as nice as the weather in spring, summer, or even the fall. The fall presents a poor time to look into houses because people already look ahead to the poor weather ahead, feeling down about what’s to come. In the wintertime, people feel down about the weather that is now there. When people feel down, they do not feel up for looking into their future homes. Perhaps they do not even feel mentally prepared to make such a big decision for themselves.
However, spring tells a completely different story. People feel rejuvenated when spring rolls along. The weather is nicer, the birds are chirping, and people want to be doing more. Part of that comes in the form of looking into a new place to live. People want to buy their next house so they can enjoy the best months of the year in it. Thus, you find more sellers during that time of the year.
Everything points to spring being the best time to sell your house. It’s simply up to you to pull the trigger and get yourself the best deal by using the resources at hand.