Selling your home is usually a joyous and thrilling moment. It often means making a hefty profit, and it’s usually a sign of changes to come, from a growing family to changes in your career or life path.
One thing that a home seller will often wonder is, “When is the best time to sell my house?” Remember that timing is everything, and selling in a certain season may help you — as the homeowner — maximize your profits. In this article, we share our expert advice on when the best time to sell your house is.
Best Time to Sell Your House
Historically, the month of May has been the best time of year to sell a house, signaling the transition between spring and summer. However, in recent years, that has moved up a couple of months to March and April.
This lines up with the local market trend, as spring
is usually when many homes get put on the property market. Spring is usually considered optimal as it follows a time when people have been cooped up in their homes during the cold winter months. Spring and summer also tend to be the easiest seasons to actually show your house. The bright, warm weather makes it easy to market with curb appeal, and more people are willing to actually go to house showings when the weather is nice.
You generally want to sell before September. This is when families with kids settle down for the school year. By October, profits tend to be at their lowest.
At the same time, it’s important to understand that every local market is different. The general rule of thumb: the best time of year to sell a house is also the best time of year to enjoy it.
For example, many people usually go to the south for the winter, which is why November and December are ideal for selling a home in Florida. Beach houses in the area tend to reach their peak season right before the summer months, when people are about to enjoy their summer vacation, or immediately after the summer months as people return home from vacation. Similarly, ski towns and winter cabins tend to see their peak during the winter season as an influx of visitors are eager to enjoy the snow and slopes.
Selling Out of Season
Selling out of season can seem like a challenge, but it can potentially come with its perks. For example, spring is an ideal time to sell, but that also means everyone is putting their house up for sale, resulting in a higher degree of competition. You have to make yourself stand out, which means doing extra work to prep your property and having a much deeper understanding of the local housing market.
Furthermore, selling in the fall might not be great for families with school-aged kids, but it can be a good time for other home buyers that are also house hunting. Fall tends to be when shoppers are moving because of job relocation, layoffs, and family issues.
If you’re not sure exactly when to sell your house and you have a flexible timeline, shoot for spring or early summer. That said, selling a house is not an exact science. People sell their homes all year long, whether the real estate market is at its peak, plateau, or valley. As long as your area has some buyer demand, you always have a chance of selling at a profit.
Sell Your Home with FlipSplit
If you’re selling your home and want to avoid hiring a real estate agent, consider working with FlipSplit. FlipSplit acts as both an off-market cash home buyer and a house flipping company. This means you can sell your home at a fair price with the ease of no-hassle renovations that increase your home’s market value which you in turn can benefit from after the home is resold.
We operate all across Southern California, servicing areas from Ventura to Orange County. Whether you’re looking to sell your San Diego home or your Los Angeles property, FlipSplit is here to help. For more information, request an offer today!
In fact, if you are looking for additional information around staging your house to sell, the ideal timeline for selling a house, and how to get the asking price for your home, be sure to check out our blog.