Seattle Real Estate News

Best time to buy and sell

January 8th, 2023 7:37 PM by Sam Kader

The Spring home buying is typically when real estate season starts. However, according to research, there are certain months and even specific dates that offer the biggest premiums above market value for sellers.

The top five dates to sell are still between May and June. Best dates for home sellers are:

May 24: Commanding 10.5% seller premium.
May 31: Commanding 10.7% seller premium.
June 20: Commanding 10.6% seller premium.
June 28: Commanding 10.8% seller premium.

Weather has a lot to do with the home buying season with summer being the most popular because the kids are out of school and there's more time to shop for a house It's no surprise that the worst dates for sellers happen in the colder months closer to the holidays - October and December. However, ski towns sell more in winter.

Advise for thrifty home buyers is to keep a close eye on the market and watch for houses that aren't selling. During the busy holiday season while people are shopping for the holidays, serious house hunters should be looking for houses. Look for houses that linger on the market. If the house has gone on and off the market, you can potentially get it when it's not listed. The downside is that waiting could also mean someone else gets your dream house and must choose from less desirable properties in terms of condition and location.

How to prepare your house during peak selling times:

Experts agree that a fresh coat of paint is essential. Choose a color that is neutral so that it appeals to a wide variety of buyers. A property must look as neutral as possible.
Deep cleaning and de-cluttering. Most home sellers leave too many personal belongings out. Some personal photos are O.K. but no more than 10.
Changing light bulb to bright, white bulbs and make sure blinds are clean or replace. Strategically place fresh flowers and house plants.

Posted in:first-time homebuyers, and tagged: first-time homebuyers

Posted by Sam Kader on January 8th, 2023 7:37 PM

Seattle Real Estate News

Best time to buy and sell

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