If you’re a homeowner, selling your Tennessee real estate is a great way to cash in on your investment. The United States housing market has doubled in value in the last few years, with Tennessee seeing some of the biggest gains. But how do you join in on the Tennessee real estate market?
If you’re looking into selling real estate in Tennessee, we’re here to help. Read on to learn about the best times to sell and what factors contribute to this.
Seasonal Differences
One detail to look at is that the season you’re selling will affect your sale. At times, homes sell for more or less, quicker or slower, and plenty of other factors. There are pros and cons to every season, so consider the following!
Summer
Summer is a fantastic time to sell your home! Many families decide to move during the summer as children are out of school. Oftentimes, many people that are changing jobs do so during the summer lull as well.
However, the competition is often higher during the summer as well. You’re far from the only person trying to sell their home, so be aware that summer will bring competition.
Another benefit is that summer-time buyers are often highly-motivated customers. That means they’re more likely to be serious about buying instead of casually browsing your home.
Fall
During the fall months, there are fewer people trying to buy a home. Typically speaking, families are settling in to begin the school year, young adults are preparing for college, and other such factors. Many also are preparing for the holiday season.
The fall in sales also means a fall in the competition! You can sometimes make a sale during the fall just by being available to customers.
Winter
Winter is the slowest season for the housing market, as it is for many. Some areas of Tennessee may increase tourism, but this rarely will sell a property.
Still, the winter buyers are often the most serious. Every client that you discuss selling your house to is likely highly interested in the property. You’ll also have much less competition than in any other season.
Spring
As winter thaws out, springtime often leads to a high surge of activity in the market. Because of this, you can expect heavy competition. The housing market booms during these times, introducing dozens of homes that will try to take your customers.
Spring is also when buyer demand peaks. That means that, despite the higher competition, you’ll likely have many more clients interested in buying your home. Many may also be trying to find a home to purchase when the summer season comes around.
Location Matters
The Tennessee real estate market isn’t universal across all of Tennessee. Some cities will sell similar or identical properties at different prices. They also may take longer to sell.
For example, the best month to sell a home in Tennessee is typically June. This mid-summer month grabs families before school starts and attracts people coming to the state. Nashville homes are especially profitable during this time.
But if you’re in Memphis, you may want to wait until July, as the housing market begins booming a bit later into summer. Clarksville also will bloom in July. Cities like Knoxville wait as long as November for the housing market to become highly active.
Ease Versus Profit
Selling your home isn’t an easy task. There are countless things to take care of, people to speak with, and much more. Because of this, people are sometimes tempted to sell the home at a lower price to get the burden off their shoulders.
If you’re less interested in the highest profit possible and more on getting the house out of your hands, you should sell during summer. However, accepting a poor offer just to relieve stress can lead to massive regret!
Consider contacting us for a walkthrough of your home. After a brief inspection, we’ll make a fair cash offer on your home that ensures your satisfaction. There are no hidden fees or strings attached – just a quick, easy, headache-free transaction!
Quick Sale Periods
You may have an interest more in selling your home quickly than for top dollar. Such situations arise during family emergencies, a need to relocate to a different state or city, or more.
If this is the case, look into your local city. The average time a house spends on the market is a little less than two months. Your city may have peak times that can cut down a few days.
Personal Choices
While there are times that the housing market is quicker or worth more than other months, much of the sale comes down to personal choices.
For example, refusing to take offers below a certain amount can ensure that you’re getting what you deserve for the home. Don’t give into low-ball offers just to get the sale done. It’s better to wait a few more weeks than to lose out on thousands of dollars.
If you want to sell your home quickly, consider networking with homebuyers. Getting the home in front of someone you know is a serious buyer is often better than letting dozens of casual buyers walk your home out of curiosity.
Our trustworthy process is the best way to make a quick and fair sale. Consider browsing our list of locations and see if we’re available to make a fantastic offer on your home.
Selling Tennessee Real Estate
Selling your Tennessee real estate can feel stressful and overwhelming, but don’t worry! Aim to sell your home in the summer when both supply and demand are soaring. If you’d like an easy and swift sale, we’re happy to tour your home and make an offer!
For more information on the housing market in Tennessee, be sure to browse the rest of our blog. You can also contact us to schedule a tour and offer of your Tennessean real estate!
