How to Determine the Best Time to Sell Your House
Nobody ever said selling a home was easy, even in a state as amazing—and popular—as Colorado. Yes, the population is steadily growing, especially after gaining 77,049 new residents between 2016 and 2017, but that doesn’t mean you’re going to be able to sell your home quickly and for the highest value without a bit of strategy.
Obviously, a real estate agent will be your best bet when it comes to selling smartly, but you can do some planning on your own to ensure that the process goes smoothly and successfully. Today, we’re going to discuss how to determine the best time to sell your house.
Establish your priority
People sell houses for a variety of reasons. Some people need to because they’re relocating for a job, school, or something else. Others simply want to downsize or even upsize.
Because there are different reasons for selling a home, there are also different priorities based on people’s needs. With this in mind, two of the priorities we’re going to discuss are selling quickly and selling for the most money.
If you’re in the boat of “I need to sell my house fast,” then it’s best to take a look at the market to see in which months houses remained on the market the shortest. While you may not have the opportunity to wait a whole year to list your home, you can do a bit of research to see in which upcoming months homes sell the fastest.
Let’s look at Denver for example. The best time to sell your house in Denver quickly is the month of June. In this month, houses sell about 9.5 days faster than the yearly average. It takes around two months to close on a house here, so plan on listing in April for the best outcome.
Selling for the most money
Not in any specific hurry to sell your house? In some months, depending on the area, houses can sell for thousands more. Plan on selling then.
In Denver, the best month to sell for more money is also June. Houses sell for about 4.83% more than the yearly average. Plan to list the house in April to take full advantage of this opportunity.
Every city is unique, and they’ll all have varying months when it’s the perfect time to sell. Also note that June was the “it” month for selling both quickly and for more money in Denver, but both priorities may not align in the same month for other cities.
Do your research as soon as you know that you’re going to sell your house. An experienced real estate agent who understands your local market will surely be able to help you navigate the planning process and figure out when the best time to sell will be.
The team at Keenan Real Estate has been assisting both buyers and sellers in Colorado for years. If you’re planning on selling, contact us soon. We’ll be happy to make the process as quick and successful as possible!