How Do You Know the Best Time to Sell Your Home?

Mission Realty Real Estate Podcast with Clayton Gits

When is the best time to put your home on the market? Actually, the seasons don’t matter as much as which price range your home will be in.

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When is the best time to list your home? Should you wait until the spring or summer market, or should you sell now?

Most people think that spring and summer are the best times to list and sell your home because things tend to look better that time of year. The skies are bright and the plants are blooming, so your home should look fantastic.

However, when you are deciding when to list your home, it’s actually more important to consider what price range you will be in.

For example, if your home is in the $300,000 and under range, it doesn’t really matter when you put your home on the market. Why? There is incredible demand in that price range. When you get to homes priced over $400,000, the demand just drops off; there aren’t as many buyers in that price range.

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Which price range will
your home be in?

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If you are in those higher price ranges, it’s important to position your home properly because demand is so much lower and you are facing more competition. Low demand and high competition typically puts pressure on your home value.

In the $300,000 and under range, there is so much demand for homes that we are running out of inventory. If your home is in that price range and you can sell now, then you should. You will beat all of the competition in spring and summer, and those markets will be more competitive in terms of inventory than we’ve seen in the past few years.

At the end of the day, the decision to sell your home depends on positioning your home in the market. If you have any questions, just give me a call or send me an email. I would be happy to help you!