Spring Summer Autumn Winter… when is the best time to sell your home?
The real estate market is traditionally the busiest in the spring, which means the best time to sell a property is during the months of March, April and May. Especially March.
What do I mean by “best”? Simply put, you are more likely to sell your home faster during the spring during any other time of the year (because there are more active buyers).
But does it really matter? What if you want to sell during the quieter months? So what, eh?
At a glance: the best and worst time to sell your home!
To make life easier (because that’s what we’re talking about here), here’s an ingenious picture that shows very well the typical market activity throughout the year. The data is based on historical trends and Rightmove data collected by The Advisory.
Why is spring (March, April, May) the best time to sell a home?
The real estate market is usually more active during the spring for a couple of unsurprising reasons:
- The weather is starting to cheer up after a cold winter, which means people are more inclined to leave the comfort of their home.
- People are not out on vacation or preparing for Christmas
Okay, so when is the worse is it time to sell a house?
I guess no one will fall into shock when they find out that the real estate market is practically hiding and dying for December and early January, when the nation is preoccupied with preparing to fill the Christmas turkey and move on to various food commas.
August, too. Death like a snail! People are too busy enjoying the summer holidays.
Avoid these months if impossible.
When in the spring is the best time to sell a home? Which day? What time?
No, seriously, stop it!
Now you’re making a fool of yourself, just like people who have spent their precious time curing statistics on the best days of the week and hours of the day to sell particular types of homes. Bless them to keep the data, but where does it stop? I can’t help but feel that it generates unnecessary delays and decreasing returns.
When you start to break down your home sales data to such a granular level and trust it, you can easily start to lose your way as you start mixing with circumstantial data that won’t really affect you, unlike general trends and reliable. (which is more likely to serve you better).
Personally, if you had the luxury of selling a house at any time during a calendar year – no matter what type of house – I would ignore all nuance statistics and market my property during the spring (March, April, May).
But I think it’s important to remember that everything I’ve shared with you is traditionally the best (fastest) and worst (slowest) time to sell a property, but it’s not a difficult rule. There are active buyers all year round and every day there is an opportunity. It only takes one buyer to get a sale.
It’s not spring, but I want to sell fast … What should I do?
In my opinion? Do what you need to do.
If you need to sell today, then you have to sell today. To help you along the way, here’s a guide on how you can sell your property quickly. That said, I would definitely avoid selling them in December and January, if possible – These are really terrible months to whip the brick mortar.
If you can wait until the high season, wisdom would suggest waiting. If you are forced to sell for a quiet month for circumstantial reasons, there is no need to worry.
The most important factor when selling: no matter when – is to maximize exposure to attract the maximum number of eyeballs to your property ad. In the current climate, this usually means working with a reputable local agent and / or getting your property listed on Rightmove & Zoopla.
Of course, if you’re literally a “desperate salesman”And looking for a quick cash sale, it’s likely that merchandise and exhibition shit matter little, as you may need a“ Let’s Buy Any Home ”company. As the name suggests, they will buy virtually any property in any condition for cash, but you are expected to sell it at a good price (usually between 10% and 20% below market value).
No, it’s certainly not ideal, but it’s certainly the fastest way to sell a home and get money in your pocket.
The potential consequences of selling at the wrong time.
While there is no guarantee that, given the seasonal trends, you will generate an efficient sale, I still think it is important to stack the odds in your favor.
Make no mistake, there are possible problems with marketing from time to time during the deadliest periods of the year, so the last thing I want to do is leave thinking that there are no pros or cons a strategic approach to selling your house (because there are).
- If your property does not sell in a reasonable amount of time, it may lose its freshness, which may make buyers wonder if there is something wrong with the property. Very often, there are questions about the outcome of structural surveys that may have been conducted.
- Buyers usually sort the search results on Rightmove and Zoopla by “date added,” so the longer it stays on the market, the longer it will back in the queue, which means it’s less likely to be seen.
- Realtors can be discouraged and demotivated by stagnant property, so their efforts can be diverted to more promising opportunities. After all, they work to order.
Other Factors That Can Affect The Selling Speed Of A Home!
Needless to say, selling a home during the optimal months is just one of the variables that can determine success (or failure). Maybe this is common sense, but I would feel incomplete if I didn’t mention some of the other variables, so no one gets the impression that “time” will just make or break a deal. Consider other factors that may play an important role:
- The state of your local market (i.e. supply and demand, property price falls, losses, etc.)
- Sale price
- Property status
- Presentation of the property
My last thoughts …
Sell during the spring if you can. Preferably, March.
Definitely avoid selling in December or January, if possible.
Remember that seasonal trends will not guarantee faster or slower sales, there are active buyers all year round and you only need to find one.
Disclaimer: I’m just a blogger owner; I am not 100% qualified to give legal or financial advice. I am a doofus. All information I share is my unqualified opinion and should never be construed as professional legal or financial advice. You should definitely get advice from a qualified professional for any legal or financial issues. For more information, read my full disclaimer.
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