Does the time of year when you put your home on the market affect how well it will sell? What about the final sales price?
According to many studies in housing trends, the answer is yes. The time of year when you sell your home can have an effect on how many people are interested and how much the home will sell for.
Of course, if you need to move and sell your home at any point of the year, you will still be able to find buyers and negotiate a price that works for you. In some areas of the country, the currently swift moving housing market can help overcome poor timing.
However, if you have the ability to plan for a more advantageous time, it makes sense to make the most of your flexibility.
The Best Times Of The Year To Sell A Home
One of the best times of the year to sell your house is in the late spring and early summer — like right now.
The school year is over for most families, and many people will be looking to purchase a home that they can move into over the summer and get settled before school begins again in the fall. Housing sales peak during this time, as studies show that 60% of people tend to move during the summer.
If you can sell your home during the spring or early summer period, it will typically be on the market for a shorter amount of time and you may have many more offers to choose from.
The Worst Times Of The Year To Sell A Home
One of the worst months of the year to sell a home is December. There are a number of reasons why trying to sell a home during the Christmas holidays can be difficult.
Most people aren’t thinking of moving this time of year. Their energies are focused on decorating their houses, preparing for the holidays, visiting friends and family and enjoying their time off work.
Another difficult time is the beginning of the school year, typically in September.
Children will have just started school and most families will not be considering moving at this point. If you attempt to sell your home during this time of year, you will be much less likely to get the the same pool of buyers that you might see in a more “move friendly” time of year.
Of course, these are just guidelines to help you plan your next home sale. No matter what time of year it is, if you need advice on selling your Maine home, call your trusted real estate professional right away.