What is the Best Time to Sell Your Home in 2024 | United Country Real Estate

Last year, the residential real estate market saw more than 4 million pre-owned homes sold. This is the lowest sales volume in nearly three decades. This downturn can be attributed to various factors: soaring mortgage rates, shortage in new housing developments, the surge of private/institutional investors and the escalating cost of insurance. Consequently, many homeowners are hesitating to list their properties. With limited inventory, home prices reached historic highs by December 2023, with 85% of U.S. cities experiencing continued upticks. For potential sellers, this presents a lucrative opportunity, but careful planning is necessary.

Great, Now When DO I sell?

The best time of the year to sell your home is historically April 14 to April 20 according to a recent study by Realtor.com, which found home sellers that sold during this window sold their homes faster and often for more money than other weeks. While spring reigns as the optimal selling season, it also offers numerous advantages:

·        Elevated Home Prices: With the season of renewal, many are seeking changes before the new school year and while the weather is decent, spring commands high home prices.

·        Surging Demand: Spring sees a surge in inquiries from both sellers and buyers, hastening transaction times.

However, optimal selling times vary by property type. For instances, vacation homes or condos sell best in the colder months, particularly in warm southern locales.

What is the Most Important Factor to Remember to Sell a Home?

While preparing to sell your home, securing a reliable real estate agent is one of the most important factors to having a smooth and stress-free experience, as well as getting the biggest bang for your buck. The key to maximizing your property’s value lies in ensuring it’s market ready. Make sure to:

·        Conduct a thorough cleaning to showcase your home’s best features.

·        Declutter to create a more spacious and inviting atmosphere.

·        Make upgrades to strategic areas like windows, roofs, flooring and paint.

·        Enhance curb appeal to leave a lasting impression on potential buyers.

·        Address any issues by hiring a home inspector before finalizing contracts.

Rushing the process may lead to overlooking crucial details, so take your time and communicate closely with your agent to facilitate a smooth transaction. Selling in spring can yield substantial returns, proving ample funds for new endeavors post-sale.