You Could Make $1,600 More If You Sell Your House During This Month
Thinking of selling your home? According to home listings site Zillow, the average person spends an average of seven months just thinking about putting it up on the market before he or she actually lists it. While your decision process-and the process following that-may take you a while, this news may help speed things along.
In a recent press release, Zillow crunched the numbers, revealing the exact time you should sell your home to earn the most money for your pad (because yes, there is an ideal time to sell). Get ready for a move in the warmer seasons-apparently, the month with the highest sales premium is May.
After studying 19 of the 35 largest metro areas in the United States, Zillow predicted that those who sell their homes in the fifth month of the year can receive, on average, a $1,600 premium. The money isn't the only standout factor of their report-homes sold in May also tend to sell up to six days faster than any other month.
"Sellers time their listings to optimize their sale in all sorts of ways," said Skylar Olsen, Zillow Director of Economic Research and Outreach, in the press release. "Some need to time the sale just right to manage their own synchronized home purchase. Others are seeking to get the highest sale price possible."
Check out Zillow's full report to see where your closest metropolitan area stands.
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