When it comes to real estate transactions, timing is essential. Selling your house during the best times of the year helps you close the deal quickly and can help you make thousands of dollars more. Continue reading to learn more about the Pittsburgh real estate market and find out the best time to sell a house fast in Pittsburgh.
What Is the Best Time to Sell a House?
June is the best time to sell a home. The warmer spring and summer months stimulate buying and daylight savings and play a crucial role in impacting buyer decisions. With longer days, there is an increase in the number of open houses. Sellers get more traffic, increasing their chances of receiving more offers.
The busiest four months of the year for real estate transactions are May, June, July, and August, and they make up the majority of annual home sales. Spring and summer are preferred times for families as they want to close the deal and settle into their new homes before the beginning of the next school year. Families looking for homes in Pittsburgh often get their credit and mortgage preapproved so that they can complete the transaction during summer break.
What Is the Worst Time to Sell a House?
December is the worst time of the year to sell your house in Pittsburgh as home buying comes to a standstill. With the holidays approaching and the cold weather, not many buyers look for homes during the winter.
In September, the market sees a sharp decline as many buyers with school-aged kids want their kids to remain in the same school. The one exception is that people relocating for business are likely to buy homes any time of the year, but this number is the minority.
The weather also plays a crucial factor in reducing the number of sales made during winter. As temperatures drop and the days get darker, few buyers are interested in venturing out in the cold to visit houses. As a result, buyers see less foot traffic during the cold months in Pittsburgh.
Tips for Sellers in Pittsburgh
Before you list your house for sale, make sure to factor in the time to prepare the home. To maximize returns, consider making repairs and renovations to your home. However, this can be a lengthy process. So, plan accordingly to ensure that these projects are completed before spring so that you can list your home in summer, right in time for the peak buying season.
If you would like to skip the hassle of a traditional home sale, consider selling your home as-is to cash home buyers in Pittsburgh. Cash buyers purchase your property in any condition and during any time of the year. If you want to make a quick sale, then selling your home to cash buyers is an excellent choice.