Did you know that the average American will own approximately five homes throughout their lifetime?

As families grow and circumstances change, that once perfect home may no longer suit the needs of the homeowner. In these situations, homeowners are met with many questions when it comes to listing their home for sale.

In order to ensure that the sellers are maximizing their profits, there are a number of factors to consider when selling a home.

Amongst choosing the right agent and determining a sale price, one of the most important decisions sellers will make is when to list their home. After all, listing your home at the right versus the wrong time could be the difference between thousands of dollars!

If you’re wondering the best time to sell a house. you’re going to want to ensure that you read this. We’re uncovering our best secrets as to when you should list your home for sale and maximize your profits!

What Does the Best Time to List Mean?

Selling at the right time means achieving a positive outcome both financially and mentally.

After all, studies reveal that selling one’s home has proven to be one of the most stressful occasions in one’s lifetime. When we take into consideration the emotional toll that often coincides with selling a home, it’s simple to understand why selling a home quickly is important.

While sellers are looking to maximize their profits in the transaction, most sellers also look for a quick, stress-free sale. This way, the property is quick to close, sellers receive their profits and can invest their profits into their new home.

And so, in order to determine the best time to sell a house, we most focus on which months bear the most profit as well as carry the shortest days on market.

Springtime is Most Suitable for Sellers

For sellers, springtime is a prime opportunity to show off your home’s best features. This may include your lawn, gardens and the overall curb appeal of your home.

It’s also the best time of year to leave the windows open and let that natural light pour into your home. This can help to eliminate odors as well as leave your home feeling fresher and inviting to potential buyers.

Springtime is also known to have a large surplus of listings. With such a large inventory of comparable listings, sellers will have no trouble arriving at the market value of the home. This is compared to slower months throughout the winter where less inventory is available and arriving at market value may be difficult.

When a house is priced outside of its market value, the house is more likely to remain on the market for longer.

Once the home sells in the spring, it gives the homeowners plenty of time to move into a new property before summer or the beginning of the school year.

Spring Has the Most Buyers

Springtime has also proven to have the largest pool of motivated buyers. Come spring, the days are longer, brighter and buyers feel more motivated to house shop.

As spring approaches, buyers are beginning to get serious about their buying timeline. This is often when buyers shift from simply property browsing to property buying.

This is often due to the fact that most buyers are also looking to have the property close before summer or the school year. This way, the new homeowners have a few months to get adjusted and familiarize themselves with the neighborhood.

More Buyers Equal Higher Profits

When it comes to selling, there’s nothing more beneficial to sellers than multiple offers and bidding wars.

Let’s consider that a large pool of buyers means that more buyers are going to view your home. As more buyers view your home, the competition directly increases.

As a result, more people competing to purchase your home will drive the price higher and the home will ultimately sell for more. That being said, the home is also more likely to sell quickly as buyers are aware of the outside competition.

In fact, real estate data from 2012 to 2017 indicated that American homes sold in May resulted in the highest premium as shortest days on market. This premium was 5.9 percent above what was estimated to be the market value.

Preparing Your Home for Sale

Now that you have determined the best time to sell, it’s time to ensure that your house is truly ready to list.

While listing at the right time is vital to maximizing profits, it’s also vital to carefully prepare your home to get the largest return possible.

Most sellers are not interested in making any significant improvements to the home. However, it’s essential to ensure your home is deep-cleaned, organized and decluttered to guarantee it shows well.

It’s also a great time to ensure that your curb appeal is being maximized. This means ensuring that your lawn is properly maintained, a fresh coat is paint is applied to your door and trim and that your entryway is clean and inviting.

The Best Time to Sell a House

Let’s be honest, the best time to sell a house isn’t always right now.

Instead, the best time to sell just might encourage homeowners to be patient and resist selling at that very moment. After all, selling at the right time is essential for maximizing profits and minimizing stress throughout the process.

Fortunately for sellers, deciding on the right time to list doesn’t have to be a guessing game. Instead, historical market data and current market conditions are always prime indicators of the best time to sell.

Choosing to sell in the springtime benefits sellers in a number of ways. As May sees the largest pool of buyers, competition increases and the home is more likely to sell for a higher profit.

It’s time to start preparing your home for sale!

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