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Buying a house often seems like a long-term investment, but there are many reasons that you might decide to sell. Sometimes, it just feels like it’s time for an upgrade. Your family grows, and you want more space, so you might decide to sell and buy a bigger house. The opposite can also be true; sometimes, you buy a house that feels too big, and you may want to find something more cozy. This is especially true when children move on to college. Or you may simply want to live in another part of town.
There are some circumstances that drive homeowners to sell their home earlier than expected: you might have to relocate because you got a new job; you might find that your home needs repairs and wasn’t built as sturdy as you thought it was when you purchased it; or you might even have trouble paying your mortgage because of unforeseen life circumstances.
Whatever the reason that you have decided to sell your home, timing is often a major consideration. If you have children, you may choose to wait until the school year ends. You might have to sell your house ASAP. If you have some time, you may also be considering the best time to sell to get the best possible offer.
In this blog, we will weigh the pros and cons of waiting until certain times of year to sell your home and offer strategies and options that will help you make the best decision for your wants and needs.
According to Georgia Multiple Listing Service data from 2015 to 2019, Summer is a popular time of year for people to buy homes:
Data & Image Source: https://www.gamls.com/statistics
In recent years, May has become the most popular month for home buyers and sellers, although a few years ago, June performed slightly better.
Now, this data doesn’t tell the entire story. While homes tend to be sold faster (and at higher prices) during late Spring and early Summer, there are several benefits and drawbacks to keep in mind for each season.
Spring is an excellent time of year to buy a home. The sun is out. Nature thaws. The weather feels great. People are often excited to get outside and start shopping around. Another huge draw to buying in the spring is preparing for the summer when the kids end the school year. Many families begin looking for homes in the spring time to move their family between school years and have time to settle in to a new neighborhood before the next school year starts. For these reasons, home buyers are willing to pay a little more for a home during the springtime.
However, because sellers can get more for their homes in the spring, the market is often saturated with homes during the Springtime. If your home doesn’t have massive curb appeal or a major draw, it might be overlooked, leaving your home on the market longer than expected or selling for a lower price. If you have a home that needs repairs, is overly cluttered, could use a new paint job, you may either want to invest in beautifying your house, or wait to sell during another season when the market isn’t full of homes for sale.
As mentioned above, early summer is a popular time for the Georgia housing market. Many of the same benefits for spring apply to early summer: great weather and convenience for buyers and sellers who are moving between school years.
But there are two factors that can make summer hard: heat and travel. While Georgia has some beautiful summer days, we also have quite a few scorchers, too. As summer progresses into July and August, many families are traveling, which means less buyers actively looking for houses.
If you’re trying to play the market, listing in May and aiming to sell your home in June might be a good idea, especially if you’re trying to sell a family home
As work and school picks up again during the fall, you will notice less families moving and buying houses, which also means that less homes go up for sale. Because you won’t face as much competition, fall is a great time to list a home, especially if it’s smaller, in the city, or geared toward people without children.
Now, if your home is in a great school district and is meant to be a single-family home, you may want to wait until Spring and Summer come back around.
If you’re selling your home during the winter, you’re not going to have a lot of competition; both buyers and sellers are hibernating, spending time with family, and traveling. On one hand, you might be able to sell to a desperate buyer who is relocating for a job, but chances are that your home will be on the market until the weather begins to warm up again.
Arbor View Properties is a trusted, no-pressure home buying company located in Atlanta Georgia. Whether it’s spring, summer, fall or winter, if you need to sell your home, we can give you a cash offer and close in as little as a week. Sometimes, it’s worth waiting for the perfect buyer, especially if you have the time and a home with a lot of appeal. But if you need to move right away, have a home that needs repairs, or simply don’t want to wait to move on to your next home, we’re here to help get your house sold fast.
Call or text 770-810-5715 or contact us online to set up a time for us to see your home and receive a free, no-obligation cash offer.
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