Your older home sits in one of the best neighborhoods in the area, and you’ve staged it perfectly, but it still won’t sell. What have you forgotten? Did you know that there are seasonal trends when it comes to selling your home? Keep reading to find out the pros and cons to selling your older home in any of the four seasons.
Selling your home in the Spring
Home sales tend to increase during late spring through mid-summer, with March and April typically seeing the most activity from buyers. Many homes come on the market during this time since buyers with families are eager to find a place before school starts in the fall. The warmer weather gives your landscaping a chance to shine, and the extra daylight allows potential buyers extra time to check out your property. However, because many buyers look for homes during this time, there are many more sellers to contend with. You might need to put extra work in to make your property stand out.
Listing in the Summer
After the busy spring surpasses, summer is another popular time to list your property. Home buying peaks in June, thanks to warmer weather and more daylight. Fewer houses are on the market compared to spring, and homes that sell in the summer still give families time to get settled before school begins. Keep in mind, though, that houses that didn’t sell in the spring might stay on the market but have lower prices, thus competing with your recently listed home.
Selling in Autumn
If you’re selling your home in an area with retirees, autumn is a popular season to sell. The reasoning behind that is they want to get settled in before cold weather hits. Buyers searching for homes in autumn usually want to make their purchase before the end of the year so they can use tax advantages that come with homeownership. You may not get too many people coming through the door when compared to the warmer months. If you live in an area that has all four seasons, you might have to work harder to keep your landscaping looking presentable.
Listing During Winter
When you list your home in the winter, you may not have many people checking out your property. The housing market is usually quiet during December and January. However, those who look for homes during the winter are oftentimes serious buyers, and you are more likely to receive an offer closer to your asking price. The downside to selling during this time is that the holidays put a damper on the entire process. If a potential buyer ran up bills shopping for presents, they won’t want to shell out extra money for a new home.
Although the timing of listing a house truly depends on supply and demand, knowing the seasonal trends can help you know what time of year works best for selling your home, depending on regional factors. Some areas of the country experience different or less pronounced buying seasons due to temperate weather or fewer buyers with children. If you’re in need of extra guidance, reach out to your real estate agent and ask what season works best to sell your property.