Pennsylvania Real Estate: When's the Best Time to Sell a Home?
If you're looking to sell your home quickly and easily, you may want to know when the best time to sell a home is. Learn Pennsylvania real estate here.
The past year has seen record activity in the real estate market across the country. Since December 2019, real estate sales have gone up 22 percent for existing homes. A majority of listings receive offers that are well over the asking price.
Pennsylvania real estate is no different. People are moving out of New York and big cities at record rates toward the Keystone State, due to its lower cost of living, plentiful space, and bigger homes.
If you are considering selling your home and you live in Fulton or Franklin County, you probably have some questions. When is the best time to sell a home? How do you sell a home fast? Have I missed the window of opportunity?
No need to worry.
Here is everything you need to know about how to choose the best time to sell your home to make the most money.
Connect with an Experienced Real Estate Agent
In order to sell your Pennsylvania home fast and for the best price, you need to connect with an experienced real estate agent. Now is not the time to put your trust in your sister-in-law's best friend's niece who is just starting out in the real estate game.
You need an agent with experience and a deep background in sales. Knowledgeable real estate agents know best how to negotiate contracts and juggle multiple offers. They understand the complexity of legal contracts and the complicated process of closing.
You may also wonder if you can just sell your home yourself and save out on the costs associated with having an agent. This should be avoided, and not just because of the reasons stated above.
Selling a home takes a lot of work and a lot of time. Partnering with an experienced real estate agent takes that burden off you. They take care of the showings, the marketing, the paperwork, and all the time-consuming activities that go into selling a house.
Be Wary of Companies that Give You All Cash Offers
During such a hot real estate market, you may feel pressure to sell your home as fast as possible. In your research, you may come across the very tempting offer to sell your house as-is, no-questions-asked to a company that will give you all cash.
However, you need to be wary of these companies for several reasons.
Companies that say they will buy your home with an all-cash deal may not be entirely legitimate enterprises. Sometimes, you can sign your house over to one of these all-cash companies and then find out that the check doesn't clear. By the time you find out, it is too late.
Other times, these types of companies will not give you a fair price. These companies buy homes cheaply by offering cash. It may be appealing to homeowners who are afraid of missing out on the real estate boom. It could be tempting to those who feel like it may be too much work to fix up their home to sell it through traditional means.
However, these companies will buy your home on the cheap and then turn around and sell it for significantly more, making a profit that could have - and should have - been yours.
Knowing when to sell your Pennsylvania home can be tricky, but always make sure you know exactly who you are selling to.
Know the Hot Months to Sell
Selling a home in PA is not like selling a home in California, Texas, or Florida. Different markets mean different months where it is easier and faster to sell a home.
If you know what months in Pennsylvania are easier to sell during, you will sell your home faster than you can imagine. However, if you pick the wrong time to sell, your home can be sitting on the market for months longer. And the longer it sits on the market, the more difficult it becomes to sell even during the "hot" months.
The best month in PA real estate to sell your home is May. It is the beginning of summer, everything is green, and temperatures are some of the most pleasant in the country. Homes put up for sale in May typically spend only 42 days on the market.
Plus, lots of city people are looking to escape to summer homes and more space after an entire winter of being cooped up inside.
The worst month to sell your home is in February. The bitter, cold winter season has a lot to do with this. Average temperatures can reach lows of 27 degrees Fahrenheit.
Selling during this month can also fetch you a lower overall price. Homes sold in PA during February typically get $50,000 less than homes sold in May.
Looking to Learn More About Pennsylvania Real Estate?
The real estate market is incredibly hot right now, but if you are a homeowner thinking about selling your home, be careful. You want to make sure that you make the smartest move.
Pennsylvania real estate is booming and in order to get the best offer possible for your house, you need to partner with an experienced real estate team who knows the Fulton and Franklin County areas like the back of their hand.
If you are looking to sell your Pennsylvania home fast, be sure to reach out to the team at Palmer Realty. Their team of agents is committed to providing you with an exceptional home selling experience and will help you get the most for your home.
Call us today to kick start your home selling journey.