You may stroll your Philadelphia neighborhood year-round and see for-sale signs on homes, yet you wonder when the ideal time is for you to sell your home. According to the recent MLS data, late spring and early summer are excellent times to list your property. The real estate market sees a heightened number of homes available during the spring, with a peak in May. The secret is to sell your home just after the hot housing market. During the summer months (June, July and August), sellers receive higher premiums than during the fall and winter months. An increase in premiums means you make more cash for your sale.
Factors that make you ready to sell:
You will earn enough money from the sale to afford a new home
Your current home doesn't fit your needs
Your life is moving in a new direction
Factors that show you should wait to sell:
You cannot afford a new home
You need to improve your credit score
Your home is outdated and needs fixing up
When I list my clients' homes, they tend to go active during the weekdays, so we are prepared for an open house over the weekend. Many professionals and brokers are tapped into work during the week, encouraging more property views and tour appointments as the weekend comes around. The warmer weather tends to draw more homebuyers, making it a good time for you to sell your home. People who file their tax returns early will often be eager to move into their new home as soon as possible. Your family's schedule is essential for making real estate moves. Life can be less demanding in the summer months, which allows you to clear your head to buy or sell.
You also have more control over the listing price during a seller's market. If you find buyers willing to make all-cash offers, you may be moving out in weeks rather than months. Before listing your home in a hot market, make sure you have established your move-out plans. As your local real estate specialist, I will help you navigate the market by season, so you get the best deal possible.