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When is the Best Time to Sell Your Home? Knowing the right time to sell your house can relieve you from a lot of stress in the home selling process. However, the decision on when to put your house on the market is always a personal one. But certain circumstances affect the timings of selling your home. With this in mind, here are some of the factors you should consider before you decide to put your house on the market. 1. Seasonality Seasonality has affected traditional home selling for years. However, there are still offseason home shoppers who move due to unavoidable circumstances or emergencies, so they need to sell their house quickly Here is a general breakdown of why most people prefer certain seasons to sell their homes. • Selling in Spring Spring is the ideal time of the year to sell a home. An estimated 40% annual sales volume is recorded around May- June; June is the busiest month. This is because people prefer to shop for homes as the weather warms up. With most people having their tax refunds around this season and an oncoming summer break for kids’ school, it is evident why people prefer to buy and sell their house at this time. • Selling in Summer Most reasons why people buy and sell in spring are more of the same as summer. The school breaks, favorable weather makes it easier to take numerous house tours. However, in some states, the real estate is a bit slow in summer because most people find the weather unbearable to enable them to move around. • Selling in Fall A major reason why most buyers prefer buying in the fall is that they want to settle in their new home before the weather gets bad or before the school year picks up. • Selling in Winter Winter is the slowest time of the year when it comes to home selling. The weather makes it impossible to do much in terms of buying and selling houses. 2. Local Market Trends Before putting your house on sale, consider the current trends in your local area market. Establish if your market is linked to a buyer’s market or a seller’s market. Your real estate agent can give you the necessary advice on the overall market and the market analysis. 3. Mortgage Rates High mortgage rates discourage buyers from buying their desired homes as compared to when the rates are low. 4. Weigh Personal Factors When you put your considerations into place, you should ask yourself why you plan to sell your house. If you have found a new job in a different area or need a bigger home for your growing family, it may not make sense to wait for a peak selling season since it’s a matter of urgency. Final Thoughts The truth is, there are home buyers 365 days a year. The only difference is some months are slower than the others. Changes in family situations, divorce, foreclosure, or financial struggles can lead to a sudden home listing. Therefore, the best time to sell your house I when it feels right for you.