Timing is everything when it comes to real estate, whether you’re looking to purchase a new home or sell the one you’re currently living in. When you choose the right time of year to list or start your home search, you set yourself up for success. You’re likely to spend less and get a better rate on a new home if you know when to begin the process, and you’re likely to sell more quickly and get a better price if you sell at a good time. If you’re ready to jump into the real estate market, here’s when you should do it.
If You’re Selling, List Your Home in the Summer
Across the country, most home sales take place in the spring. While there are certainly a lot of sales in Las Vegas in the spring months, the best time to list your home is actually the summer, specifically between June and August. Homes often sell for up to $2,000 more during this period, so if you’re wanting to get the most out of your residence, it’s a good time to put it on the market.
However, no matter when you chose to sell, remember that the following things can help get your home sold quickly:
- Staging to help potential buyers picture themselves living there
- Correct pricing, not too high or too low
- Working with a qualified professional real estate agent
If you can wait until summer to sell, do so. If you can’t, remember that you can often still get a good price no matter the month.
If You’re Buying and Want the Lowest Price, Stick to Winter
Most people who are selling their homes in the winter are doing so because they have to, either because of an unexpected impending move or due to financial hardship. This is in your favor as a buyer, as these sellers are typically very motivated to sell and are willing to lower their asking prices, even below market value. Make sure that you have pre-qualified for a loan with a bank before you start looking so that you can move quickly if a seller accepts your low offer.
If You’re Buying and Want More Options To Choose From, Look in the Fall
While getting the lowest price on a home is most people’s goal, sometimes you want a big selection of houses to choose from, even if you have to pay a little more to get one. In Las Vegas, there are more homes on the market from late summer to early fall than there are in winter, so if you want a lot of options, September through October is likely your best bet. You may not get a home at the bottom of your budget, but you may be more likely to find the exact place you’ve been searching for.
Whether you’re looking to buy or sell, it’s important to work with professional real estate agents. The team at Platinum Real Estate Professionals is ready to help. Contact us today and let us get your home listed or help you find your dream home.