Factors that effect timing when selling your house:
Low House Supply
When there’s a short supply of homes then buyers have to compete to get a house. This drives the sale price up. When the home inventory supply goes up buyers have more choice. This drives the home sale prices down.
Highest Home Sales
The high season in the United States for selling homes is over summer break. Many families take this opportunity to make their move. This includes considering taking a new job in a different location, moving up into a bigger better home, downsizing or changing the type of home or features of a home.
Each state has a slightly different school calendar schedule. In general the months of June and July are the biggest migration months. These two months experience the highest sale volume. Most home owners get around to listing their home during these months. Most buyers make their move during these months.
There are some selling strategies you can take advantage of knowing this seasonal selling trend. If you list your home early you can close just before inventory spikes in June.
Home Sale Planning
Our planning phase for getting top sale price for your home typically takes one week. Our week of preparation occurs after you’ve decluttered. If you list your home before the third weekend in June you’ll be ahead of the inventory spike and have a bigger buying pool. This will give you a higher sale price.
Missed the Best Time to Sell Your House?
If you wait until after the third weekend in June then you’ll be listing your home at the same time as the majority of sellers. This will drive down your sale price potential. At that time buyers will have more options and will be less willing to pay top dollar for your home.
You might think that you’ll just wait to sell until after inventory spike. This won’t work because after the spike school is in session. The majority of summer buyers will have found their new home just in time to get settled into their new schools for their children. There will be some buyers remaining as school starts back up but the numbers will have dropped off significantly.
In addition, the buyers that surface after school starts will mostly be buyers relocated for a new job. These buyers will move all during the year. The number of job related buyers is a lot smaller then the big summer surge buyers.
Planning Pays Off
Sellers that plan ahead and start the process of selling in February are the big winners. They’re the ones who have the time to move through the entire process of getting ready to sell. They get positioned to take advantage of the best time to sell their house. They have plenty of time to de-clutter and make improvements that will give them top sale price. These improvements typically include new carpet, fresh paint throughout and all minor repairs that may show up on a home inspection.
Starting the listing process in February may seem really early but the preparation does take time. Giving yourself this extra time will reduce stress and make the entire move more enjoyable. You can also start shopping for your new home in order to help get a good grasp of the area you want to move too.
Let us help you sell your house – get started today! Our expert planning strategy will help get you positioned for the top sale price regardless of the time of year.
