If you’re thinking of selling your house in Colorado, timing is everything. During different times of the year, certain circumstances can determine how much your home will sell for and how fast it will sell.
Before you start prepping to sell your home, take a moment to consider your particular circumstances and needs. Let’s take a deeper look so you can make an informed decision about when to put your house on the market.
Why you should sell your house in Colorado during the summer
The beautiful, warm weather of summer showcases your property in the best way. Pleasant weather also makes it easier for you to tend to repairs and make upgrades on your property.
Aside from nice weather, summer is a time when kids aren’t in school. House-hunting in the summer often makes the most sense for families with school-age children. This way, they can be settled into their new home and schools before the new school year.
Finally, summer means more daytime hours to show your home to potential buyers.
Do homes in Colorado really sell quicker and at higher prices during the summer?
Summer is traditionally the best time of year to sell a house in Colorado. According to Redfin Data Center, June is the best month to get the best price. Colorado homes sold in June sell for $12,167 more than the annual average.
According to Realtor.com, July is the best month to sell a house quickly in Colorado. The average time it takes for a Colorado house to sell in July is 51 days, which is 13 days faster than the annual average.
Does the sell-in-summer rule hold true for everyone?
“Summertime to market” might be a good rule of thumb for most Colorado home sellers to follow, but it does not apply in every case. Here are some other factors to consider when deciding when to list your house in Colorado.
The local market
If your neighborhood is full of for-sale signs and your home does not have any distinguishing features, consider waiting until the market cools off to give your home a fair shot.
On the flip side, if your home has one or more features that set it apart, you’ll want to list it when the neighborhood is full of house hunters for optimal exposure.
Your preferred time to move
Pick an ideal moving date and work backward to decide when to list your house. You can estimate 50 days to close after going under contract, and then add up to a month for preparing your home for market, choosing a selling agent, making any necessary repairs or upgrades and finding a buyer.
Whether you choose to put your house on the market in the summer, or you decide you’d be better off waiting until later in the year, we wish you a smooth sale at the best possible price.
Don’t forget to stop by Partner Colorado to ask about our mortgage loan options when you’re ready to search for a new place to call home. If this is your first time buying a home, check out our free Home Buyers Guide to get a better understanding of the home-buying process before you take the first step. We also have helpful online resources and tools like application tips, mortgage calculators and a mortgage checklist. We can help you find the perfect mortgage loan option for you.