Ahhh… selling your home. When is the best time to reach the most prospective buyers in YOUR market? And when will it be the easiest on you? In our latest post, we will help you figure out when it’s the best time to sell your house!
The Best Time to Sell Your Home in Raleigh
Is there a particular season that is better than the others?
The best time to sell a house is when it’s warm outside. In fact, statistics show that people are much less hesitant about making an offer during these months so you will likely have a larger pool of prospective buyers. Start by cleaning up your home in preparation for relocating sometime between April or May through June – this will give potential clients something nice to look at while they’re considering buying one of Raleigh homes.
Of course, if you are selling a home you own that is located in a warmer climate, such as Southern California or South Florida, cold weather isn’t as much of a concern. In fact, sometimes winter proves to be a better time to sell because all the snowbirds are in town. You will likely have people in the area from all over the country, and a great pool of prospective buyers checking out your house.
Are you ready to sell?
Selling your home is a stressful process, so you need to be financially ready. There are costs associated with it, such as repairs and clean-up, that may add pressure on top of the stress from moving; this can lead some home owners who are not used to dealing with all these things sell for less than they had planned.
Are you and your family emotionally ready? If the move isn’t necessary, make sure it’s really the best time to go. Are your kids almost out of school? Are you certain you want to leave your friends, job, and community? Make sure you are making the right choice before making such an impactful decision for your family.
What the stats say:
Nationwide, homes listed between May 1 and May 15 sold around nine days faster and for nearly 1% more than the average listing, according to Zillow. (Your real estate agent may have different advice based on local market trends.)
As far as the day of the week, listing on a Saturday is favorable as that is when most people have the time to sit down and peruse listings. And since listings often appear with the newest ones first, getting yours at the top of the list will help you to get more views. Listing on a Friday is the 2nd best way to go statistically!
In some parts of the country, houses are selling 1-3% higher in the month of May. Do your homework and research annual housing trends for your particular neighborhood! If you have questions, Present Day Properties is happy to help you review historical trends!
Being Different Can Be Beneficial
While summer is preferred by many people, there is something to be said about not doing what everyone else is doing. When you sell your home in the offseason, there might be fewer buyers but more opportunities for it to stand out from its competitors. The smaller pool of potential customers can mean that they’re also going through a lot less property on their search. This might mean a bigger reward for you!