Real estate can be complicated, but there are a lot of things you can do as a seller to increase your home’s value: making any necessary improvements, choosing the right real estate agent, and even simply staging the home properly.
The same can be said for sellers who want to get a good deal: you can take your time scouring the market, you can make sure you’re getting to look at the best available properties, and you can be a fierce negotiator.
For all of that, though, you also have to take the general state of the real estate market into account. In this article, we’ll answer one of the most important questions to ask when taking the general real estate market into account: when is the best time of year for real estate? The answers vary depending on whether you want to buy or sell, which we’ll explain below.
What Is The Best Time of Year to Buy a House?
Real estate markets tend to be most active during the summer, which makes it a good time to buy if you want something very specific.
If you’re looking for a good deal, however, winter is usually the best time to buy. Because it’s well-known that prices are better during the summer, winter buyers are usually more desperate for a sale. That said, there are also going to be less options available.
What Is the Best Time of Year to Sell a House?
The best time of year to sell a house is usually during the summer. Because this is when the market is at its most active, you’ll be competing with more homes. However, people are more likely to buy during this time and are often willing to pay premiums to do so.
This is linked in no small part to the convenience of moving during the summer, which means parents don’t have to transfer their children out in the middle of a school year.
The power of this time of year actually bleeds into Spring a bit: homes add $1,600 to their average listing price. during the first 15 days of May.
In most situations, you want to avoid selling during winter. This is a more inconvenient time to move, and the houses you’re competing with during this time will probably be on the market at a reduced price. Buyers are more likely to have cheaper options.
Looking for Real Estate Experts Licensed in Georgia?
If so, you’ve come to the right place. At Real Estate Expert Advisors, we’re prepared to help you get a good deal on your real estate transaction.
While it’s good to take general real estate advice into account, your real estate agent is ultimately going to be best prepared to help you, since they’ll have a unique understanding of your situation and the local market.
Have any questions about a real estate transaction? Ready to speak with an expert real estate agent? If so, please don’t hesitate to call us at 770-378-3161.