The real estate industry is all about timing. You have to know when to put the house up for sale and understand seasonal trends. While some argue the spring and summer is the best time to offload a home, others prefer the slightly unconventional winter season to make a quick deal.
Why Spring and Summer’s a Good Time for a Sale
Here is some information if you plan to put your house up for sale and are unsure about the right time.
A statistical analysis of past home sales found that the first two weeks of May are the best time to sell a house. You can sell your property 18.5 days faster and for 5.9% more compared to other times of the year.
However, it also depends on the climate of the area where your house is located. In some places, early April or June is the ideal time. Some cities have an extended selling season because of their temperate climate.
Warm weather encourages people to go house hunting. It also allows homeowners to improve curb appeal and spend their tax refunds on repairs and renovations. Summer is also the best time for families with young children to move without interrupting the school year.
But Winter Is Not a Bad Time Either
For homeowners looking to take advantage of an unconventional market, winter is the perfect time to sell a house. Winter sales can be especially beneficial in places like Arizona, Florida, and South Nevada. There’s less inventory and less competition. Younger house hunters relocating because of a new job are more likely to shift in the winter months.
It is also the time when thrift shoppers are out in full force and looking for desperate sellers who need to sell their houses quickly. Plus, since the days are short, there’s less time to do open houses. It is also the worst time to undertake repairs or renovations.
An All-Weather Solution
Not everyone can wait for the perfect season to sell their home. If you are in a financial or personal challenge and need to sell your house fast in Phoenix, contact us! We buy houses in Phoenix for cash and in less than seven days.
We buy houses irrespective of the season, condition of the property, or reason for the sale. Over the years, we have purchased hundreds of properties. Some of them hadn’t been updated for decades, but we buy homes as-is.
Call us at 480-305-6688 if you need to sell your house fast!