How Season Impact: Weather is a very important factor when selling a home in the real estate market. Finding the best time to list your home can affect its value and make the process of selling a home easier.
This is not exactly science, but there are statistics that show that home sales increase at certain times of the year. Therefore, if you are planning to sell your home, you should consider the pros and cons of running ads during each season.
Spring
As the cold weather subsides and flowers begin to bloom, home sales increase. This is the perfect time to work in your garden, your pond, and your windows. You may want to invest in some high-quality photos of your home to bring out the best in your property. This is considered to be the best-selling season for homes, but there are many other factors as well.
Benefits
- Home prices skyrocket, making sure you get the best value for Selling your home. It is a good idea to study the current market value of homes near you. This will help you to evaluate your property accordingly.
- Most families with children prefer to move into their new homes before the start of the school year. Shopping in the spring means settling down in the summer, so this is the perfect time to advertise your home.
Cons
- In the spring everyone plans to make a list of their homes, the market becomes very competitive. The market is flooded with buyers and sellers and it can be difficult to get your ad featured.
Real estate agents can demand higher commission rates. This means you can see a significant reduction in your earnings.
Summer
How Season Impact: As the days get longer and warmer, the busiest season of home sales begins. This is a good time to work on home maintenance and build long open houses. The peak lasts until spring, and research shows that June to August are the busiest months when it comes to your home list. Home prices are higher during the summer, but also lower during this peak season.
Benefits
- This is considered the peak season for real estate, which can positively affect the market value of your home. Homes get the highest prices right now because buyers are willing to pay whatever it takes to get their dream home.
- Many families go through a good school district during the summer. These families want to close the house as soon as possible and are willing to pay a lot of money.
Cons
- With all the online listings, it’s easy for you to get lost. You may need to spend a lot of money on professional help to differentiate your ad from the competition.
- Many families go on vacation during the summer, and shoppers can be very involved in their preparation or home-finding journey.
Autumn
How Season Impact: As the weather cools again, home sales decline. The days get longer and the estimates get shorter. This is the perfect time for season surviving buyers to prepare their homes. You want to highlight some features like heating and lighting. It can be difficult to sell your home at a good price right now, but there are other things to consider as well.
Benefits
- Autumn is full of wonderful colors because the brown leaves and sunset last longer. This gives you the best opportunity to get the best images for your ads. There are fewer ads, and your ads can really stand out.
- Families returning from summer vacations are trying to buy their homes before the holidays. This is when only serious buyers come to open the house and show off, which saves you a lot of time and energy.
Cons
- Once the school year begins, parents are reluctant to move. This means that fewer buyers are looking for homes, which can really affect the market value of your home.
- Buyers are still in a good position to negotiate. Unfortunately, as a seller, this means that you are selling your home at less than market value. Making a profit can be difficult.
Winter
How Season Impact: Since temperatures are freezing across the country, this may be the best time to set up your home. Keep the outside snow-free, fix all leaking pipes, and always keep a good warm fire burning to highlight the comfort of your home. Although the peak season of home sales does not begin until February, there are other things to consider.
Benefits
- It is a less competitive market because fewer houses are listed. This means that your home can attract the attention of the right buyer.
- If you want to sell before spring, it’s a good idea to list your home in mid-January. That way, your initial listing can be viewed quickly.
Cons
- Holidays that are full of complexity are neither fun nor comfortable. All industries, including real estate, are affected. Most people do not have time to look for a home during this peak season.
- Low weather can negatively affect the value of your home. You can sell it at a much lower price.
The season of home sales can affect the value of your home, but if you are waiting for the best time to list your home, there are other factors as well. The important thing to remember is that these are just general observations. Keep these points in mind, but also talk to your real estate agent about the right time to list your home. When you’re sure it’s ready, it’s best to work on setting up your home and putting it up for sale.
