When you are getting ready to sell and want to maximize price, consider the months in which you will be selling. During different times of the year, we have more or less buyers than average in the market. This will affect not only the price you are likely to get, but also how long it will take you to sell.
The best time.
Pretty much all across the board throughout the country, the best time to sell is in the summer. More specifically, early summer. So, generally early May or late April is ideal to list your home.
The worst time.
Selling during the winter is normally the worst time of the year to sell. Here in sunny Florida however, we have an influx of snowbirds for the winter. So there will be a little increase in market demand in snowbird communities due to those coming from up north.
It is important to note that our snowbird market is generally not interested in buying large homes for full-sized families. They are usually retirees looking for a specific category of home. So if your home is a 3.000sf 4 bedroom, 3 bathroom house in a nice subdivision with an HOA… the winter probably isn't your best bet. In Sun City on the other hand, listing in January might be best!
Sellers who list their home for sale during the summer typically make a little more money. The median sales price goes up quite a bit during the summer versus the rest of the year.
One of the reasons for this is that there are more buyers in the market during the summer. Kids are out of school and it is a convenient time for many families to move. This increase in market demand means that buyers will be more likely to have to compete against other buyers for the same homes. This competition is what drives up prices.
Not only will you typically sell for more in the summer, but you will generally sell quicker too. Summer sellers often sell 1-2 weeks quicker than average.
Again with many families with school-age children in the market, there are buyers looking to get settled in and closed before the new school year starts. Nobody wants to start their kid in school for 2 months and then move to a new school district after.
When you are ready to sell, have someone on your side who understands your local market intimately. Give us a call or contact us online today!
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