It has been a common belief that spring is the best time to sell your home; however, recent reports claim that the season prior to this one may give you the upper hand. Find out why spring may not be the best time to sell a house.
During the spring season, the real estate market is flooded with numerous offers from sellers who wish to find a buyer for their homes at the right house value. HGTV noted that spring is often believed to be the best time out of the four seasons because of its timing to certain events.
According to the publication, spring is the season just before the children spend their summer vacation and it is also the best season to showcase your home. Aside from this, spring is usually the time when everyone gets on their two feet and do some home renovations and DIY projects.
However, a recent report from Trulia claims that winter may actually be the best time to sell your house. According to the outlet, because everyone is keen on selling their houses in spring, there are only but a few houses on sale during winter.
"The general school of thought - and it most often proves to be correct - is that listing your home in the spring market will reap the biggest benefit. But late winter may actually be a prime time for coming to market as well," says Brad Malow of Douglas Elliman.
Applying the concept of supply and demand, because there are lesser properties on the market during the season, there may be more chances for you to get multiple offers from prospective buyers.
Listing your house on the market during the season will also make it a top choice among those whose jobs have been relocated to a different city or state.
The outlet also noted that it has been found that properties listed during winter were sold quickly and at a higher listing price.
While this is a truly interesting concept to deal with, timing is not the only factor that comes in with selling a house. You also need to sell your house at the right price and sell it under the right conditions and circumstances.