A common question we get asked as real estate agents is “what is the best time to put a house on the market?” The fact of the matter is, it depends. Below we break down the different variables to consider when choosing a time to put your house on the market.
The first thing to consider is location. What region are you selling your home in? A state like Florida that sees the sun almost all year round? Or a four-season-state like Michigan, that gets hit with really hot summers and extremely cold winters?
If you fall into the latter category and experience both the extremes of the summer and the winter, then your best bet is to sell your home during springtime, as people are not hibernating from the cold
How Millennials are Changing the Real Estate Market
If you are a millennial or know a millennial, then chances are, buying a home has come up at least once in conversation. That’s because millennials -those currently aged between 20 and 36- are now the generation looking to buy their first home. But like researching the best burger joints in town, millennials are using their research driven skills to make sure their first home is nothing short of perfect. Their attention to detail mixed with poor planning and bad credit make for an interesting housing market, nonetheless.
To help better understand Gen Y’s housing habits, below are 3 ways millennials are impacting the real estate market at this very moment.