Pros and Cons of Selling Your Home in Each Season

So you have decided that the time has come to sell your home. But the big question is: when should you put it up on the market? There are debates about when the best time of the year is to sell a home. Figuring out the right time will help you to maximize your profits from the sale price, as well as reduce your stress. Below are the pros and cons of putting your house on the market in each season of the year.

Summer

During the summer, school is out and there are more daylight hours available. That being said, this makes for a good opportunity to sell your home. With more time and daylight hours on their hands, people are more likely to want to go house hunting and attend some open houses.

The flip side to this is that because it is summer, many people want to go on vacation. If they are going away, they are not going to be able to look at houses. Also note that warm weather can bring people outside, but if it gets too hot then they will not want to venture out of their homes.

Fall

The fall provides an opportunity for quick sales if your home would be great for a family with school-age children needing to move; they want their children to be able to move to their new school as quickly as possible. If you come from an area with harsh winters, then this can also help push buyers who want to settle into a new house before the weather gets worse. This sense of urgency can be beneficial to the seller.

People also start to get busy in the fall. With school starting up and holidays beginning, people have a lot on their plates. They may decide to push back buying a new home with everything they have going on.

Winter

Most people assume that the winter is the worst time to put your home up for sale. It mainly depends on the weather in your area. If you live in a climate with harsh winters, not many people will want to make their way out to an open house when there are several inches of snow on the ground. But if you live in an area with warmer temperatures year-round, then this will not really matter.

Also, take note of the many holidays that encompass the winter season. Many people are simply too busy to shop for houses. They are out buying gifts and attending parties rather than open houses.

Spring

Spring is typically the most popular time of the year to put your home up for sale. The weather is starting to get nice again, school is wrapping up and tax refunds have begun to roll in.

This is also the downfall of spring: it’s popularity. With everyone wanting to list their home, there is much more competition. You may be on the market for longer, and you may have to lower your asking price in order to compete with other homes in your area.

 

This is a guest post contributed by Coldwell Banker Valley Brokers, a real estate company based in Oregon.

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