There’s some behind the scenes magic when it comes to buying and selling houses in Redding. If you want to get the most out of the market, timing is everything.
Try these tips and you may find yourself a leg up on the competition.
Best Time to Sell
The real estate season starts in January, and it keeps ramping up until about mid-May. According to Zillow.com, homes listed between May 1 through May 15 sold an average of 18.5 days faster than homes that weren’t listed during that time.
On top of that, homes that sold in the first half of May were also purchased for about 1 percent more than the average listing. Even if that doesn’t seem like much, 1 percent translates to a premium of about $1,700.
This season of the year typically has the highest demand of homes for sale in Redding, and it stays strong throughout the summer. That means buyers are more likely to have to go deeper into their pockets to get the house they want. And selling your home at the wrong time is an important real estate investment mistake to avoid.
One reason for the increase is because of the summer months being a natural transition during the year. Kids are out of school, and families are more flexible when it comes to being able to move.
All of that demand means you can win big as a seller.
Best Time to List
When it comes to listing your house in Redding, Sundays are the best day for an open house. Especially the first Sunday of the month.
If you can play your cards right, you’ll list your house a few days before then, and have peak interest just in time for your open house. For that reason, agents typically choose to list on Thursday afternoons and Friday mornings.
Of course, you want to limit as much guesswork as you can. For a more detailed listing methodology check out this article on Zillow.
Once you have an idea of when you want to sell your house, look into the specifics of seasonality to nail down the timing of your listing.
Best Time to Buy
Now, for those of you who have found a reason to move. Most people looking to buy a house think that spring is the best time to buy a home. Right?
Spring is when inventory starts to increase, which of course means there’s more options and hopefully a faster process. However, buying a home in the fall or winter isn’t a bad idea either. This is when the serious buyers do their shopping.
The nice weather of the spring often brings out people who are just window shopping, but not ready to buy. The fall and winter are a good time to buy for finding sleeper picks in the market. Plus, no matter how many homes are for sale, it only takes one to find the right home for sale in Redding.
Most homebuyers spend two to three months finding the right house, so keep your timetable in mind and do what works best for you.
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