It’s a common question for a lot of homeowners: When is the best time to buy or sell a house?
Just like clothing, home-buying has its own seasons and Heather Unger with Lemontree Realty has the cheat sheet.
The best time to buy a house is in the spring season. Historically, more people put their home on the market in the spring than in any other season. Most kids are starting to get out of school, parents want to move over the summer to get them into a new school by fall.
It’s psychological for many people. People want to sell in the spring because it means everything is new and changing. It’s actually a good time to buy because inventory is high since everyone is trying to sell more at this time of the year than any other.
Do a home inspection prior to listing. As a home seller, you should do it. The No. 1 reason why a home falls out of contract is because of the inspection. It’s a simple $300, you have the home inspector come out, tell you everything that’s wrong –well, mostly everything that’s wrong with your house. It’s a short list that will make your homes show better and make people think, “Wow, these people really took care of their house.”
There is nothing worse than getting almost to closing and having a “You need a new roof” bombshell drop. Surprise, you’re set back.
The best time to sell a house is the holidays because the inventory is the lowest by about 20 percent. The buyers out there during the holiday time are serious. They want to be in by January 1 to obtain homestead exemption.
The best day of the week to list your house is Thursday. Your house will usually show up on the list by Friday, which is when prospective home-buyers will circle it when they plan to go out on Saturday to shop around.