It’s that time again. You’ve been at your current home for too long, and you're aching for something new. It’s time for a change of scenery, a change of city, and a change of lifestyle. It’s time to put out the old “FOR SALE” sign and see who bites. Alas, selling your home is a bit more complicated than that. There’s so much to do, so many things to consider, and so many boxes to tick off. But there’s no reason why selling your home can’t be made easier.
And it can be easier with three easy steps that are the most important when preparing to sell your home.
1. Check Housing Market Timing and Trends
Timing is important in the residential real estate marketplace. In some cases, the timing of a house’s entry into the market can be more important than the house’s condition. Real estate markets generally peak during mid-to-late spring and taper off by the fall in many parts of the United States. This is also the case in California, where May is reliably the hottest month for residential real estate sales. It is the most active period both in terms of the number of homes being sold and the number of buyers. It is also the most competitive period since there will be many other sellers.
Depending on when you want to sell your home, knowing the ebbs and flows of the housing market will give you an idea of how much time you have to prepare your property for sale. So, if you plan to make some home improvements to improve curb appeal and increase home value, you’ll have a more solid timeline. Also, understanding the market trends in your area will help you understand when in the year homes that are similar to yours sold and what their average asking price was. This will allow you to sell your home in the most profitable period. June is the best time for the most profit on Los Angeles real estate as many families will be looking for a home to buy before the start of the school year. But May is the best month in LA for selling your house fast. Homes on the Los Angeles real estate market in May sell eight days faster on average thanks to the high number of prospective buyers.