Planning to sell your house soon? You have several options. The most common is relying on a real estate agent.
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According to a survey conducted by the National Association of REALTORS®, 89% of home sellers in 2020 opted to ask the help of a real estate agent to sell their house. In the same study, 8% chose the FSBO way or selling the house on their own.
Whether you’re planning to sell your house all by yourself or asking the help of a real estate agent, the home-selling process is not that easy. It can be tedious and emotionally challenging most especially for first-time home sellers.
To ensure your property will be sold quickly, you need to learn the right timing. Let’s find out when is a good time to sell a house.
Timing in Selling a Property
Let’s take a closer look at the four seasons in the US and discover which among them is the best time to sell your home fast.
Wondering “when is the best time to sell my house fast for market value?” Spring is the answer. Together with the flowers starting to bloom, people also want a fresh start, thus leading them to shop for homes.
The beginning of warm weather encourages people to push through with their home-buying plans. It makes sense because it’s much easier to move when there is no snow or freezing temperatures.
Homes tend to sell faster during this season. Just this March 2021, properties were sold in as fast as 18 days, which is faster in comparison to spring 2020 when properties remained in the market for 29 days.
While spring has the best record, summer is also considered a good time to sell a house. Summer seems to motivate homebuyers who failed to acquire a home during spring. They most likely would want to close the deal before the school year begins in the fall.
Homebuyers will also have a hassle-free move if they time in their purchase during this season. According to Zillow’s data, properties on sale during the summer of 2020 stayed on the market for 22 days. This is already a fast turnover compared to previous years.
Home selling can still be robust during the fall season. This is because home buyers are in a rush to move before the weather gets bad. It’s also believed that there’s less competition in the market at this time. Since there are fewer choices of homes, your home has a high chance of getting viewed and even purchased, as long as it is in good shape.
However, expect a typical seasonal slowdown compared to selling during spring and summer. As per realtor.com’s records, properties remained on the market for more than 50 days during the fall of 2020.
When it comes to home sales, the slowest season would have to be during winter. One reason is that it can be difficult for home sellers to make their property more appealing at this time due to snow or dead vegetation. It will also be a challenge to attract potential buyers during winter because they will likely just want to stay at home at all times.
However, there are still some key advantages for home sellers during winter. Your home has a better chance of standing out because fewer home sellers are willing to sell at this time. Loans may also be processed quicker, giving home buyers easier access to financing.
According to data, properties remained on the market for 66 days last December 2020.
How to Sell Your House Fast
From the data we gathered, spring and winter seem to be favorable seasons for home sellers. But fall and winter shouldn’t be disregarded, as selling during these seasons also brings some benefits. But no matter what season you choose, the best option for quick home sales is by contacting cash buyers or house-buying companies, like Property Escape. Check them out at https://propertyescape.net/blog/sell-house-california/.
They are also known as opportunity investors or equity purchase companies (EPs) that usually help home sellers in distress. What makes them a suitable choice is that the process of selling a house for cash to them is indeed fast. Whether your home is in foreclosure, you’re undergoing a divorce, or you need to relocate immediately, you can rely on them to buy your property quickly. In fact, you can get paid for your property in as little as 30 days.
Advantages of Relying on Cash Home Buyers
Here are some reasons to choose a house-buying company to help you get rid of your property.
Buys Properties As-Is
Such companies are willing to buy properties no matter what condition they are in. This means that you don’t have to exert too much effort on remodeling or repairs just for your property to be sold. Note that the price offer will depend on the property evaluation done by the cash home buyer.
Delivers Fast Closings
Because cash home buyers buy properties as-is, they bypass the whole home-selling process. Their process makes selling a home a little less complicated. Once you say “yes” to their deal, they can take care of everything within days.
Pays in Cash
Distressed home sellers want to get rid of their property fast because they need the money in the shortest time possible. The good thing about home-buying companies is that they can pay you within days after acquiring your property. There’s no mortgage or other financing involved, so you can be sure to be paid in cash after signing the deal.
Offers an Easy Process
If you want to avoid the trouble of dealing with the conventional way of selling a property, then contact a cash home buyer. They will schedule a visit to your home to determine its value and then give you a cash offer. If this is acceptable to you, they will then process all the documents and paperwork necessary to close the deal. All you have to do is to wait for your payment.
In a Nutshell
Spring is a good time to sell a house, but all other seasons also show the potential of a steady home sales record. If you’re in a hurry to get rid of your property, forget the idea of selling the house on your own or relying on a real estate agent. Contact house-buying companies instead. They buy properties as-is and also take care of all paperwork should you accept their price offer.
For more tips, news, and information to enrich your real estate knowledge further, read our other articles!