Best Time to Buy and Sell a House in 2020

 Dec/26/2019      375 Discover the best time to buy and sell a house

 

Planning on buying a new home in the New Year? Timing is everything. Based on Zillow’s 2018 Consumer Housing Trends Report, today’s buyer spends four and a half months looking for a home before they make an offer. A quarter of buyers make two offers and 17 percent have to make three or more before landing a home.

 Discover the secret to buying and selling a home faster now.

The Best Time to Buy a Home

Did you know that the most newly-listed homes hit the market in the spring? It’s the peak season for both shoppers and sellers. The top months to buy a home are April and May, because that’s when there’s the most inventory.

For sellers, the best time of year to sell a house is the first two weeks in May. Zillow’s lifestyle expert, Amanda Penleton, calls this time the “magic window.” The market is more competitive during that time, and homes sell faster and for about $1,600 more than the average listing the rest of the year. If you’re a patient buyer, you can get bargains in July through September.

Act before the fall and winter, as the number of listings decreases dramatically. Weather is a key factor for timing when it comes to buying a house. While the selection will be a lot less, because people don’t want to move during the colder winter months, it can also be a good time to get a deal. If someone is moving, because they are relocating for a job or looking to move as soon as possible, you could score a lower price. Your dream home may not be available, but if price is your priority, winter could be a good time to buy.

Tips for Selling Your Home

Make sure to highlight desirable features in your listing description to sell your home at a premium. Don’t have any desirable features? It might be time to invest in some home remodeling before you put your home on the market.

HomeContractors101 can help by connecting you with the right home contractor for your remodel or upgrade project.

Listings that mention high-end kitchen finishes like steam ovens or professional appliances sell at a 30 percent premium.

In a slower market, it’s more important to tackle home improvement projects to make your home more appealing to buyers. The most common home improvement projects like painting and landscaping can cost thousands of dollars for professional work. Save money by submitting a quote for these projects at HomeContractors101 and compare quotes from multiple pros.