When is the Best Time to Sell a House?

When is the Best Time to Sell a House?

Pleasanton, Calif., is an affluent neighborhood known for its abundant recreation, thriving real estate market, and strong sense of community. The town’s rich history and cultural heritage are eminent through its abundance of museums and landmarks. In addition to lush parks and outdoor recreation, Pleasanton’s vibrant downtown provides high-end shopping, dining, and entertainment options. The city hosts various fun-filled events and festivals throughout the year, giving further opportunities for community engagement.

The real estate market in Pleasanton is thriving, with abundant housing options available to suit various needs and budgets. Families can easily find the perfect home in this city, from single-family homes to luxury apartments. Selling a home in such a hot market should be relatively straightforward, but there are several things to consider.

Selling your home is tricky and comes with many complexities. One highly debated complexity is determining the best time to sell your home. As a seller, the last thing you want is to have your house sit on the market too long; by timing your listing well, you can avoid that fate.

The longer a home sits on the market, the more difficult it becomes to sell. Why is that the case? Homes that have been on the market for a long time cause buyers to become suspicious. The belief behind this is that if a home isn’t selling, there’s likely an issue. So, consider this carefully when choosing the best time to list your home.

The time and season you choose to sell will largely influence not only its time on the market but also how much you’ll earn from the sale. To help you select the best time to sell your home, here’s a list of the benefits and drawbacks of every season and personal factors to consider.

When is the best time to sell a house?

Best time of year to sell a house nationwide

The optimal time for selling your home nationwide is typically the beginning of May. Properties listed toward the end of spring tend to sell more quickly, resulting in higher profits. This trend can be attributed to the winding down of the school year, as families aim to settle into new homes before the upcoming school year begins.

Real estate agents strategically launch their listings on Thursdays or Fridays during early spring. This timing allows them to prepare for weekend open houses, maximizing the opportunity for potential buyers to view the properties. With pleasant weather and leisure time on weekends, buyers are more likely to attend open houses, making this time of year popular for selling. It's important to note that selling patterns may vary across regions and states due to local climates.

Best time to sell a house in your area

The peak time to sell your house varies depending on your location. Sellers in regions with distinctive seasons often find spring the most favorable period. It’s generally believed that the best time to sell a home aligns with the best time to enjoy it. This explains why homes tend to exhibit seasonal selling patterns.

For instance, in regions like Florida, where individuals flock south for the winter, November and December are excellent times to list a house. Other areas, like the Pacific Northwest, experience mild weather throughout the year and do not have a specific best or worst season. Pleasanton is in a similar situation, as the weather is mild and comfortable year-round, so one season does not stand out from the rest. In these cases, it’s rational to consider spring and summer as optimal times.

How to decide if it’s the right time for you

Although the time of the year influences the number of offers, the time it takes to sell your home, and the potential earnings, it does not have to be the sole determining factor. Selling a home is a highly personal decision; the timing should depend on your circumstances and lifestyle. Several factors contribute to whether it’s an opportune time to sell your home.

Your lifestyle demands it

Your decision to sell can be motivated by financial circumstances, but it can also stem from other reasons. It could be that your children have grown up, and with an impending empty nest, you would rather not maintain a sizeable four-bedroom home on a spacious two-acre property, for example. On the other hand, your decision to sell might be prompted by children starting school, and you need to find a new neighborhood within an excellent school district. Regardless, your home should align with your needs, and if your current residence falls short, it may be a sign that it's time to move.

Home renovations are finished

If you've recently completed a remodel and your home matches your preferences but still doesn't suit your lifestyle, it could indicate it's time to sell. Selling a house after investing significant time and money into renovations may seem counterintuitive, but renovations usually increase value. Homes that have undergone substantial renovations and luxury upgrades tend to attract buyers more quickly and command higher prices. Prospective buyers often seek properties in excellent condition, so the more work you can complete beforehand, the smoother the selling process becomes.

The bottom line

While spring is traditionally associated with high demand for selling homes, the optimal time to sell your home is less reliant on the season and more influenced by your local market. For an ideally timed sale, list your home when your area is experiencing a seller’s market, like Pleasanton is now. Demand outpaces supply in a seller’s market, reducing competition for sellers. In any competitive market, the support of an experienced real estate agent becomes your most significant advantage. Seasoned agents possess an in-depth knowledge of local market conditions and can assist you in identifying the best time to sell your home while guiding you through the process.

Are you ready to work with an expert?

Once you’re ready to sell your Pleasanton home or look at homes for sale in Pleasanton, contact Susan Schall. Susan has an unparalleled understanding of the luxury market and can confidently assist with all your needs.

*Header photo courtesy of Shutterstock

Work With Susan

Susan excels where detail meets vision. Always on the lookout for an innovative way to optimize your home’s sale or using her keen eye for detail to find you the best deal on the market, Susan stays ahead of the curve by embracing her love of learning and implementing cutting-edge, global technologies.

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