When Is the Best Time to Sell Your Home?

Selling your home is a big deal. There are several factors to consider, such as whether you are emotionally ready to part with your home, the finances involved with closing costs, and potential projects to get your home ready to sell to name a few. Next, if you decide to proceed forward with selling your home, you should consider the local market conditions. Finally, if everything else is lined up, then you’re ready to pick a season to put your home on the market. The time of year you sell your home matters!

Emotional, Financial, and Home Preparation

Selling your home can be an emotional process because memories are often tied to physical spaces. Next, check your financial status. Price your home accordingly, so you’re financially ready to sell your home. Finally, if you have some extra money, it may be worthwhile to do some easy home improvement projects. A quick updating or fresh paints in a few rooms can raise your home value, so it’s something worth considering! Be sure not to do anything too costly because it may be difficult to get the money back in the sale if the remodel is expensive, but fixing up a few rooms is worth the small investment.

Local Market Condition

When selling your home, consider if your local market is a buyer’s or seller’s market. A buyer’s market is when supply exceeds demand, so there’s more inventory on the market. Selection is more plentiful for buyers, and homes usually sell for less than they would in a seller’s market. A seller’s market is when demand exceeds supply, so there’s not a lot of inventory available, and there are many buyers interested in one home. In a seller’s market, sellers can often receive multiple offers above the listing price. If you’re selling your home, it’s in your best interest to sell in a seller’s market, but you can still be successful in a buyer’s market. Like everything else in real estate, it really depends on the specific situation.

Picking the Right Season to Sell Your Home

Historically, homes spend the least amount of time on the market in the spring and summer months. People are more likely to buy a home when it is nice out, as opposed to on a cold, snowy New England day. Staging your home and creating curb appeal is the easiest to do in the spring. You can simply add some flowers to your yard and fix up the lawn. Summer is also a good time to sell because families may want to move in before the school year begins. Sellers should shoot for selling in the warmer months, but they can still find success in the fall and the winter when working with the right agent.