When Should You Sell Your Home

Is there a season that’s better than the rest for selling a home?

Traditional wisdom says that spring is the best time for selling a home – more buyers are on the lookout for a new home so they can move over the summer.

Home sales pick up in January each year and peak in April. Overall, homes tend to sell for about 4% more during the spring than in any other season.

However, an increase in the number of sellers (and buyers) may cause your home to sit on the market – or cause it to sell right away.

Although “spring selling season” is a good guideline, you’ll have to take your own individual needs into consideration when determining when to sell your home.

However, spring may not be the best time for selling a home.

Sales stay strong throughout the summer, then drop in August – just in time for the school year to start. Although a brief resurgence usually occurs each fall, the housing market dips as winter snow starts hitting the ground.

If you’re thinking about selling a home this spring, you may want to think about a few things before you put it on the market:

• People are wary of a home that sits on the market. It’s to your advantage to try and move your home quickly. If it sits on the market too long, people will assume that the price is too high or that something is wrong with the house.
• Winter can bring unexpected sales. Because so many people try to close before the New Year, listing your home in the late fall or winter may be beneficial. You’re likely to see a speedy sale if you list in the winter.
• Local markets may vary. In addition to the climate, your neighborhood may follow a different pattern. Perhaps the schools in your Toledo area follow a different calendar, or you’re in a hot neighborhood and people are snapping up homes. Consider the local market before deciding to sell your home.

There are pros and cons to each season, with this information you can easily decide what will work best for you and your family!