Wondering when is the best time to sell a house in Florida?
Home sellers desire a fast, easy, and profitable sale. Some times may be better than others to achieve this goal.
In this blog, House Heroes helps you figure out when is the BEST time sell a house in the Sunshine State!
We Buy Houses
Call Us (954) 676-1846 or Fill Out This Form For Your FAIR Offer.
Is There A Particular Season Better Than Others?
Real estate professionals suggest selling a Florida property in the spring or summer.
School is out, relocation is popular, and the weather is conducive for going house hunting. Statistics show more people buy when it’s warm, so you have substantial pool of prospective buyers. If you’re house needs some work, it’s time to get serious about paying for repairs and upates in the early parts of the year.
Ready to sell and want a fair cash offer? Just >>click here<< to find out how much we will pay for your Florida house. Our company buys “as-is” (we don’t expect you to make any repairs) and specializes in easy cash closings.
Of course, when selling property located in warm climates like Florida, cold weather isn’t as much of a concern. In Florida, sometimes winter proves to be a better time to sell because snowbirds are in town. Prospective buyers from all over the country are around to check out your house.
It’s important to consider the type of Florida property.
The best time to move sell condos quick may be different than selling a house. Single-family houses will most likely need a buyer with school-aged children and most activity will be before school year. Vacation type condos on the other hand, with golf courses or beach views, the best timing can be anytime – even the last quarter of the year (a buyer of that kind of property may be looking to settle in before it gets cold elsewhere). Investment property? Seasons have very little influence on demand, as profitability is the main concern.
Are You Ready To Sell?
Before picking a season to sell, consider if you are financially ready to sell.
There are costs associated with selling your home such as repairs, clean-up and making it look nice. Do you need to move by a certain date? Or be able to get another mortgage for a new house? If so, this can add pressure which can stress you out and sometimes make you sell for less than you were planning on.
Got a house that needs repairs and not want to do the work? We buy properties as-is, fast, for cash.
Emotions surrounding can be high. If the move isn’t necessary, make sure it’s really the best time to go. Are your kids almost out of school? Are you certain you want to leave your friends, job, and community? Make sure you are making the right choice before making such an impactful decision for your family.
According to Dave Ramsey, these are the top 7 Signs You’re Ready To Sell Your House: you’ve got equity on your side, you’re out of debt with savings, you can afford a home that fits your lifestyle, you can cash-flow the move, you’re emotionally ready to sell, you understand the market, and you’ve worked with a respectable real estate professional.
What The Stats Say
Homes listed between May 1 and May 15 sold around nine days faster and for nearly 1% more than the average listing. (Your real estate agent may have different advice based on local market trends.)
As far as the day of the week, listing on a Saturday is favorable as that is when most people have the time to sit down and peruse listings. And since listings often appear with the newest ones first, getting yours at the top of the list will help you to get more views. Listing on a Friday is the 2nd best way to go statistically! In some parts of the country, houses are selling 1-3% higher in the month of May. Do your homework and research annual housing trends for your particular neighborhood!
Time.com chimed in on this topic and concluded the best time of the year is the Spring:
The best time of the year to sell a house is the spring. Buyers come out of the woodwork during the spring, and with tax refund checks in the bank, spring buyers more often pay full price. In fact, sales peak in the spring, helping to explain why about 60% of those who move do so in the summer. Tip within a tip: Don’t price your house with a zero at the end. Studies show that people perceive a precise price, such as $282,284, as lower than rounded ones, such as $280,000, even when the rounded prices are actually lower. Real-life sales show that one zero at the end of an asking price lowers the final sale price by .72% and two zeros lower it by .73%. That may not sound like much, but it can add up to thousands of dollars.
Stand Out With a Winter Sale
While summer is preferred by many people, doing the opposite can be powerful when you need to stand out. Selling in the offseason can have its perks as well. Your pool of buyers might be smaller, but the pool of available homes will be as well. This is your chance to make your home stand out from the one across the street. Less competition on the market, might mean a bigger reward for you!
Redfin supported that selling a house in the winter is optimal in a 2013 study. According to Redfin, “if you’re waiting until spring to put your home on the market, you’re going to want to take a look at these numbers. Redfin analyzed homes listed from March 22, 2011 through March 21, 2013, and found that those listed in winter have a 9 percentage point greater likelihood of selling, sell a week faster, and sell for 1.2 percentage points more relative to list price than homes listed in any other season.”
We Buy Houses
Call Us (954) 676-1846 or Fill Out This Form For Your FAIR Offer.
I think plenty of cold-climate dwellers feel that FL is always a seller’s market, that there are no better times because everyone wants a house in paradise. This article reminds us that, even while we shiver up here, FL home sellers still need great agents and strategies. The article also points out that not every FL market is perpetually a seller’s market, another easy assumption to make. When you have to price and prep just right to stand out in such a famous FL town, then selling is trickier there than some of us thought. I learned a thing or two.
Hi Sienna – thanks for the comment. It’s always helpful to have a real estate professional in your corner. As you stated – sometimes it’s a sellers market – other times it’s not (and it does seem the housing market is cooling just a bit after 10% appreciation per year for the last decade). Though who bought in 2006-2008 have made plenty of profit at this point.
Many people forget to think about the time of the year if they move to a new apartment. The post gives compelling reasons why you should consider the time before making a move.
I really appreciate your information that houses listed in the beginning of May typically sell 9 days faster and for more than the average listing. That would be really helpful for my sister. She would like to have her home sold really quickly so she can afford a new house for herself.
Hi Sarah – for your sister – depending on her neighborhood and needs – perhaps she can look into hiring a real estate agent and pricing a bit under market to solidfy the likelihood of a faster sale. On the other hand, a company like us, buyers at a bigger discount below market value as real estate investors, but tend to close faster as there is a bit less “process” from day of contract until closing. Though, in a great neighborhood, you can sell nearly as fast one way or another if you price it correctly.