When is the Best Time of Year to Sell Your Home?
When is the best time to sell your home? If you own a home in one of the many Thousand Oaks neighborhoods you may have wondered this question several times. According to conventional wisdom, summer is the best time of year to sell a house. According to ATTOM Data Solution’s analysis of 28 million single-family home and condo sales over the past eight years, summer is the ideal season and May is the perfect month to sell your home. However, the answer is a little more complicated than it would appear to be on the surface. We’ve laid out the different factors you should consider when deciding when to sell your home. Armed with this knowledge, you should be able to land on a time frame that can help you achieve your goals.
Summer vs. Winter
As we’ve stated, summer is traditionally seen at the best time of year to sell a home. The reasons many people find this to be the case is so that they can take advantage of warm weather and they can purchase a home while school is in recess. Moreover, many people choose this as the optimum time to sell their home because foot traffic is bound to be heavier. In other words, potential buyers are more likely to want to venture out to view homes when the weather is pleasant. For this reason, spring is also a popular time to sell a home. In contrast, the winter months are seen as a less than ideal time to sell a home. People are less likely to want to go home hunting in the cold. Additionally, families will often have to disrupt their children’s schooling when they move during the fall or winter. Nevertheless, there are some people who are relocating for their businesses and often do so in December and January.
Additional Factors that go into Deciding when to Sell a House
• Whether or not it’s a seller market: If there are more home buyers than there are sellers than this can help sellers. Such a market can occur any time of the year.
• Whether or not you are ready to sell: Sellers must be ready to make the transition from an emotional and financial standpoint.
• Mortgage interest rates are low: When mortgage rates are exceptionally low, prospective homebuyers find this to be an ideal time to buy a house.
Typically, sellers list their homes in the spring and summer in order to take advantage of good weather. However, other factors can go into the decision of when to sell a house and how successful someone may be doing so. As a Ventura County Realtor, I can help you with my knowledge of the market and exclusive neighborhoods including: Lynn Ranch, Lynnmere Estates, Conejo Oaks, Lang Ranch, Oakbrook and many others. I can point you in the direction of Thousand Oaks homes for sale and can help you achieve your goals if you are a seller as well.