When it comes to selling your property, the timing of the market is as crucial as the listing price and the choice of a real estate agent. It can be easy to make very reasonable assumptions about the optimum time to sell based on previous trends. Your house will sell faster and for a more excellent price if you get the timing correct.
Engaging with a reputable real estate agent is always preferable, especially in highly competitive Southern California. Besides knowing when to list, they’ll also know how much to ask for your property and which repairs are most cost-effective.
All the information you need to know about the best time to sell a house in southern California is explained below.
Best Month to Sell a House in California
If you’re thinking of selling your home, the best month to sell a house in 2021 would be early to mid-May, on a Saturday. Properties advertised during this period are sold for an average higher than at other periods of the year.
Saturday listings receive more views in the first week compared to other weekdays. There’s no much surprise here, given that most individuals have more free time on weekends to go through listings and attend open houses.
Other variables might also influence the best time to sell a house in southern California. For example, the price offer for your home may be reduced if mortgage interest rates are high. Tax incentives for house buyers or the local market situation might impact the market.
Consider listing if you hear of a significant employer relocating into the neighborhood, such as a prominent IT business. In this case, put your faith in the proficiency of your local real estate agent.
Crucial Factors That Ensure Southern California Homes Sell Faster
Selling a property in Southern California is likely to attract a first-time homebuyer from the millennials. This group is finally entering the market and will likely be concerned that their mortgage cost is affordable.
However, they only have enough money for a down payment and are unlikely to have much money to spend on repairs; thus, turnkey homes will be their priority.
As a result of the factors listed above, Southern California has seen increased purchases in lower-priced markets.
Below are some key factors that can help you sell your home faster:
- Price Your Home Right
Because these cash-strapped purchasers seek an excellent bargain in an expensive part of the nation, be sure to negotiate the best listing price with your real estate agent.
Putting your property on the market in-expensive doesn’t imply you won’t get better bids and end up getting a higher sale price. Furthermore, a lower listing price may attract property purchasers who a higher listing price may otherwise turn off.
- Invest in Professional Photography
You may hire a professional photographer to take amazing pictures of your home after you’ve decluttered, removed all personal items, and cleaned them up to perfection. Most of the potential buyers, especially millennials, may likely want to first view the property online before deciding to visit your open house or not. It’s best to create an excellent first impression.
- Consider Your Specific Market
Knowing the ins and outs of the Southern California real estate market will help you sell your property fast and for the highest possible price. A local realtor can do a comparative market analysis (CMA) to determine the optimal listing price for your house. This estimate compares your home to others in the region that are similar to yours to determine the value of your property.
- Make Impactful Repairs and Renovations
As previously said, your potential buyer is unlikely to have much spare cash after acquiring the house for repairs or remodeling. A pending repair may drive someone to decline an offer instead of taking on the renovations themselves.
The more loose ends you can tie up, the less likely a potential buyer will object to you. With the help of your real estate agent, evaluate which renovations will raise the value of your home more than they cost. Simple repairs may include:
- A fresh coat of paint in the living room.
- New flowers in the flowerbeds.
- Changing the roofs and flooring.
- Find a Great Real Estate Agent
It is vital to hire the services of a real estate agent, especially given the current status of the housing market and real estate. The paperwork and communication with the buyer’s agent are the responsibilities of real estate agents. They provide advice on incentives, local market expectations, and so forth.
With the coronavirus epidemic changing the home-selling environment, hiring a competent real estate agent is now more important than ever to ensure effective marketing and fair property pricing.
- Go Digital
With the impact of the COVID19 epidemic still being felt, now is an excellent time to leverage digital technologies to make your home selling process more digitally friendly.
Social media is an essential tool for interacting with potential buyers and reaching a larger audience.
Furthermore, because social distance restrictions may limit real open house tours, virtual home tours have become necessary. It’s simple to give purchasers a genuine view of the property’s characteristics without being there using a 3D virtual tour application.
Using streaming platforms such as Facebook Live or YouTube might allow customers to engage with you throughout the tour and ask questions in real-time.
- Promote Your Listing
After listing your home, then it’s time to promote it on various social media platforms. You can promote them on a Facebook page with your target market like real estate investors, etc. Also, use relevant hashtags to promote your listing on Twitter, Instagram, and LinkedIn. A short video of your home on YouTube could also be an option for you.
Knowing the best time to put a house on the market in 2021 is crucial to ensuring maximum sales value. With that in mind, the best time to sell a house in southern California has been explained above, as well as the key factors that can enable you to sell your home faster.