When selling a house, there are many factors to consider, and selling your house at the wrong time can have consequences. There is something in the real estate market called seasonal trends and understanding these trends should be the first step to take when determining the best time to sell your home.
The pandemic naturally creates some new challenges. As a seller, it means opening your home to strangers, including ones who may be infected with the virus. It also means you have to enhance cleaning protocols, which could be very time consuming. However, the real estate market has grown in recent months, so the demand is there.
Part of the growing of the demand is because of low mortgage rates. Many renters are looking to get out of small apartments amid social distancing efforts, and existing homeowners are moving to bigger houses – often in more suburban areas. But, when would be the best time to sell a house? Keep reading.
Seasons impact how supply and demand in the housing market change at different times of the year. According to statistics, spring is the best time to sell a house since it’s when most transactions occur and when homes sell the faster. Also, homes sold in this season are more likely to sell at or above the asking price.
This phenomenon has a few explanations:
Generally speaking, selling in the spring can mean a faster home sale at a higher price, but this doesn’t mean that this is necessarily the best time to sell a house for you. There are a few personal factors you need to consider too.
Selling in the spring clearly has its benefits, but not everyone has the luxury of timing their sale within three months out of the year. Luckily, there are companies out there that can buy your house fast – and in any time of the year. If you’re looking to sell your house for cash in Seattle, contact our team at I Will Buy House. We buy homes fast and hassle-free.
You don’t need to wait until the spring to sell your house — at I Will Buy House we buy houses in Seattle all 365 days a year. And there’s no need to invest in costly repairs and remodels: we buy homes fast and as-is. No hidden fees and costs — we’ll be transparent throughout the entire process. Contact us through our website and we’ll make you a free cash offer!
Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.
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