Selling your home can be an emotional rollercoaster and a time-consuming endeavor. One of the most frequently asked questions is whether there’s an optimal time to sell to maximize profits and minimize wasted time. Nowadays, homes are spending fewer days on the market (DOM) compared to two or three years ago, suggesting very high demand, which makes home sales very fast.
However, it is worth knowing when the best time is to sell, not just to maximize profits but also to minimize wasted time and expenditures. In this article, we’ll explain when is the best time to sell a house in Phoenix, the importance of timing, and how to increase your profits.
Optimal Seasons for Selling Your Home in Phoenix
Statistical analysis of the nationwide market recommends that the best opportunity to sell a house in Phoenix, Arizona, is during the mid-year months, specifically June and July. It’s important to note that this might not be the case for every area in the US, and perhaps not even the best time for home sales in Phoenix. Summer sales have their advantages, which is why most house deals happen during the mid-year months.
Preparing to sell a home comes with numerous burdensome tasks, including moving to another location. Most families choose to do this during the summer months when the children are on their summer break. This means that they won’t have to change schools in the middle of the school year.
Fall and winter are generally considered slow times of the year due to the higher cost of living because of heating costs. However, this doesn’t apply to Phoenix, Arizona, because of Phoenix’s exceptional climate during the winter months. There’s a slight decrease in home sales at the year’s end, but it’s minimal, suggesting that winter might be just as good for those selling their home in a hurry.
Do You Need Expert Help?
Hiring an expert realtor to assist with sales is highly recommended. Realtors are usually aware of the real estate trends in Phoenix, or any other region, they know the market, and most importantly, they know how to negotiate for their clients.
A good realtor will not simply advise on the best time to sell a house in Phoenix; they’ll also create a marketing plan that ensures the best exposure and helps set a listing price, usually based on the fair market value of your house. Additionally, they’ll often offer various services, such as advice on home upgrades and repairs that can help you sell your home faster.
What About Curb Appeal?
While June and July are the best times to sell a house, the climate in Phoenix allows for a relatively stable market throughout the year, so timing isn’t everything. You may want the best possible price, but you also want minimum DOM — the least number of days your house spends on the market.
A fantastic curb appeal makes for a wonderful first impression on potential buyers, so make sure to invest some time and perhaps even some money into curb appeal. Landscaping should be as groomed and attractive as possible, including exterior walls and pathways. Trimming the trees and bushes is also highly recommended.
The Role of Online Presence
In today’s digital age, having a strong online presence is crucial when selling your home. Most buyers start their home search online, so having high-quality photos and a detailed listing can make a significant difference. Consider hiring a professional photographer to capture your home’s best features. Additionally, virtual tours have become increasingly popular, allowing potential buyers to explore your home from the comfort of their own.
Pricing Your Home Right
Setting the right price for your home is one of the most critical factors in a successful sale. Overpricing can lead to your home sitting on the market for too long, while underpricing can result in lost profits. Your realtor can help you determine the best price based on comparable homes in your area, market trends, and the condition of your home.
Staging Your Home
Staging your home can make a significant difference in how quickly it sells and the price you get. A well-staged home allows potential buyers to envision themselves living there. This can include decluttering, rearranging furniture, and adding decorative touches. Sometimes, hiring a professional stager can be a worthwhile investment.
Endnote
The summer months are the best time to sell a house in Phoenix, Arizona, but the market remains relatively stable throughout the year. However, if you’re looking to sell your home quickly, for cash, and in as-is condition, consider contacting Oak Street Properties — a company that buys houses in Arizona. They can help you get a fair deal, pick a closing date, and leave with cash in your pocket.
Selling your home doesn’t have to be a daunting task. With the right timing, expert help, and a bit of effort, you can maximize your profits and minimize the time your home spends on the market. Happy selling!