When considering the optimal time to sell a home, July often emerges as the prime month. This period, nestled in the heart of summer, offers numerous advantages for sellers looking to get the best deal. Here’s why July stands out and what experts have to say about it.
High Buyer Demand
Summer, particularly July, sees an increase in buyer activity. Families prefer to move during this time to avoid disrupting the school year. According to Realtor.com, "Homes listed in the summer tend to sell faster and for more money than homes listed in other seasons" . The warmer weather encourages more potential buyers to attend open houses and viewings, leading to more competitive offers.
Longer Days
July’s extended daylight hours provide more flexibility for showings. With longer days, potential buyers have more time after work to view homes. Zillow notes, "The extended daylight hours of summer provide more time for buyers to look at homes, which can increase the chances of a quicker sale" .
Curb Appeal
The summer season showcases homes at their best. Gardens are in full bloom, lawns are lush, and the overall curb appeal is at its peak. Homes that look inviting from the outside can attract more buyers. According to HGTV, "A well-maintained yard and garden can significantly increase your home's appeal and value" .
Financial Readiness
Many buyers receive their tax returns by July, providing them with additional funds for down payments. This financial readiness can lead to more serious and financially prepared buyers. As Bankrate mentions, "Summer is often a time when people have received their tax refunds and have the funds ready for a down payment" .
Market Trends
Real estate markets often see a spike in activity during the summer months. According to data from the National Association of Realtors (NAR), "Summer months typically see a higher volume of home sales, with July being a particularly active month" . This trend suggests that sellers listing in July can take advantage of a bustling market with more potential buyers.
Less Competition
While spring is often cited as a popular time to list a home, by July, some of that initial rush has tapered off, leading to less competition. Homes listed in July can stand out more compared to those listed in the crowded spring market. Redfin states, "Listing in July can mean facing less competition from other sellers, giving your home a better chance to shine" .
Conclusion
Selling your home in July offers numerous benefits, from high buyer demand and extended daylight hours to peak curb appeal and financial readiness among buyers. With the real estate market in full swing and less competition than the spring, July provides an ideal window for sellers to achieve a successful and profitable sale.
By considering these factors and insights from industry experts, sellers can make a well-informed decision to list their homes during this advantageous time.
References
- Realtor.com - "Why Summer Is the Best Time to Sell Your Home"
- Zillow - "The Best Time to List Your Home for Sale"
- HGTV - "How to Boost Your Home's Curb Appeal"
- Bankrate - "The Best Time of Year to Buy a Home"
- National Association of Realtors - "Monthly Housing Market Indicators"
- Redfin - "The Best and Worst Times of Year to Sell a House"
