When you’re looking to list a home, it’s critical to be thorough with your research. To get an advantage over the competition and end up with a greater return on your investment, you’ll need to consider many factors!
One of the things on many homeowners’ minds is when to list their homes because it gives them a frame of reference for their own projected listing date. Notoriously, March is the month where most homes get listed! Why? Keep reading to find out!
Why March?
March is a unique month for most areas in the country. Around springtime, most families begin to consider their plans for summer vacation, trips, and buying or selling a home. Most schools are still in session until May or June, which allows families ample time to prepare for selling the home and moving.
Additionally, the weather starts clearing up, getting people out of their homes and ready to start making moves. The warmer weather causes a surge in home buying demand. Listing a home in the springtime will give the home time to circulate before getting too far into the summer.
Indicators For Listing a Home
Dozens of different indicators affect which month gets the most home listings. Here are a few things to consider when listing your home.
Interest rates
Dealing with interest rates is necessary for all home buyers and sellers. Whether interest rates are high or low, the good thing is that there will always be people looking to make a move. Our team of agents specializes in getting our clients top dollar for their homes no matter the interest rate.
Time of Year
The time of year is a vital indicator of market performance because, most of the time, it’s tied with the seasons. When the weather is cold and the holidays are upon us, the last thing people want to do is move. Additionally, most schools are in session throughout the winter, so most families don’t want to disrupt the middle of the school year.
When Is the Best Month to Sell A House?
Veteran real estate agents will tell you the time more homes sell in May. This is because most schools break for summer, allowing families an early window of opportunity to move. Families want to allot enough time to get everyone settled before hopping back into the hustle and bustle of the school year.
Additionally, most people file taxes in April and usually better understand their finances and extra money to use on a home. Many families take vacations during the summer for much-needed rest and relaxation to enjoy the luxuries of summer break.
The bottom line: the best time to sell a home is when it makes the most financial sense for you. Everyone’s circumstances are different, and when one household is ready to buy, another may not be ready to sell.
Call Us Today
Our team takes pride in helping you sell in your preferred time frame that makes the most sense for your specific situation. We leverage our Buyers in Waiting Program, where we have over 15,179 buyers that are motivated and ready to purchase at any point in the year! We also offer guarantees that will give you peace of mind, such as our 100% of Asking Price Guarantee. We will sell your home for 100% of your asking price, or we will pay you the difference*. As we like to say, “Your Price is Our Promise!” If you are thinking about making a move and selling your home, there is no one better to help you than our team of industry experts! Sarah & Debbie Reynolds – Reynolds EmpowerHome Team will show you how to sell your home quickly and for top dollar. Call us now at 804-655-0651.