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The Best Time of Year to Sell Your Home – All Things Have a Season
For all things, a season. This old adage is true in almost every conceivable case, even real estate. It makes sense that seasons and weather conditions affect everything about the real estate market, from the average prices at which homes are sold to the number of properties sold. Driving from house to house during a rainy spell can be a miserable experience, while the feel of the summer sun on a customer’s face can help them feel more comfortable in a future home. Choosing to sell your home during the right part of the year can help increase the chances of it being purchased, and may even increase the amount of money it sells for.
Generally speaking, spring is usually the best time to put your property on the market. A wide variety of factors contribute to this, not just the effect budding flowers and beautiful weather have on the ambiance of your home. Tax refunds have just been issued, helping families make a down payment. Most districts have breaks in their school semesters, which makes it easier for families with children to move. Sixty percent of the moves that occur each year happen during the summer. Additionally, homes often sell for four percent more in the spring and summer than they do in the winter and fall.
For most, winter is the least desirable time of year to put your home up for sale. The holidays take most people’s minds away from buying property, and the prospect of having to deal with the stresses of buying a home on top of holiday travel and gift shopping. makes most people wait until the end of the season. Of course, there are exceptions to every rule, and people looking to buy a home as a holiday gift for their family are buying properties. These cases are often simpler processes than usual, as buyers are in a rush to close the house before Christmas and offer less resistance to terms.
It’s also worth noting that some areas don’t benefit from the calm of seasonal changes as much as others. Warm regions such as Florida, Southern California, and Silicon Valley generally don’t experience as many drastic price or sales fluctuations due to weather, as their climates remain the same for much of the year. . But beyond regional differences, choosing to list your property on the real estate market in the spring is the best way to put the odds on your side. With more frequent sales and for a little more money, you should generally stick to the hot months when it comes to selling your home.
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