When thinking about selling a house in Arkansas, you have a lot of factors to consider. What price should you sell the house for? How much money should you put into repairs and upgrades? How much should you spend on staging, photos, and curb appeal? What are buyers looking for and when are they looking for it? Should you sell on the open market or should you consider selling for cash to a real estate investor?
One of the biggest factors that you’ll have to consider is when you should sell your Arkansas house. Everyone’s got an opinion on the perfect time based on their own experiences. But it’s important to know that the housing market is constantly shifting and changing. What worked five years ago might not work now. It’s important to get the right information so you can position yourself for a quick sale. Here’s a handy guide to determine what is the best time to sell a house in Arkansas.
Free Guide: How to Sell a House at The Best Time
Know the Conventional Wisdom
There is a lot of data out there that can tell you exactly when the best times to but it’s generally accepted that the spring and summer are the best times to list your home. Plenty of people will tell you that spring (April and May) are the ideal times to sell your house because the weather is nicer, people are outside more, the school year is ending soon, and houses tend to look more vibrant with all the greenery that’s bloomed.
Of course, spring and summer mean different things in different parts of the country. In some places, the benefits of warm weather aren’t the same as others. “Sometime between April and August” is a huge gap and it’d be easy to guess wrong based on regional factors. So while it’s important to understand the national perspective, it’s more important to understand the local one.
In Arkansas, June is considered the best month to list and sell a house according to various sources. Clever.com says that listing your house in June will typically net you five percent more than the average selling price. They also noted that the best months in terms of selling quickly are May and June as the median number of days spent on the market (31) is 12 days faster than the yearly average.
Trust the Data But Listen to Experts
All of the statistical data provides a solid answer but it’s also important to consider the ways that your home fits and doesn’t fit with the norm. If there are special circumstances around your house or if your property is different from the average house, you might not want to just assume the data applies directly to you.
Not to mention that real estate trends change frequently, especially from one place to the next. What works in the Dallas-Fort Worth Metroplex might not work the same way in Waco. Ultimately, you’ll want to speak with local experts or real estate agents who have a lot of experience in order to get their perspective and knowledge.
Figure Out the Exact Day
Believe it or not, you can get pretty granular about the specific day that you should list your home. It’s not just about getting the timeframe right but figuring out what is literally the best day of the week to list to maximize your possibilities.
Like everything else, this depends on which Arkansas real estate market you’re in. But most of the time, people who know the local trends will tell you that it’s best to list on a Thursday, Friday, or Saturday. This ensures your home will be closer to the top of the list when buyers do most of their home shopping: the weekend. Your listing will be among the newest and freshest ones and that makes it more likely to catch the eye of buyers, which in turn gives you a better chance to get an offer sooner than later. It’s all about doing whatever you can to get noticed.
Consider Your Own Timing
It’s not just about what the market dictates, it’s also about what you and your family’s needs dictate. If you have children, listing your house in May or June can make a lot of sense because it gives them most of the summer to adjust to their new home before returning to school. It also prevents a mid-school year change, which can be upsetting.
You’ll want to keep in mind that it often takes 30 to 60 days from the moment the contract is signed to the eventual closing date, so if you’re trying to avoid a school-related timing issue, you’ll want to list sooner in the spring just in case.
Keep an Eye on Competition
While spring and summer are usually considered the ideal times to list, it’s important to keep an eye on local trends to see how you can beat them. If everyone else is listing in May and there’s suddenly no local inventory by the time fall rolls around, that might end up being the perfect time to sell. You’ll stand out and the lack of options means you have a better chance of getting more money.
Keep an Eye on Local Job Growth
If you’re trying to pinpoint the right time to sell, an interesting factor that you’ll want to keep an eye on is how the local economy is performing. If there’s a lot of job growth in the region, that means more people have dependable income that might go towards buying a house. It might also mean that transplants are arriving in town for these new jobs and they’ll need a place to live. If you happen to hear that Amazon or Facebook or another large company is planning to open up shop nearby, you can expect to see interest in the local property to go up as well. If you can spot this growth as it’s happening, you’ll put yourself in a solid timeframe to sell your house.
Or Sell Your House As-Is
Even though it might sound easy, figuring out the perfect time to sell your house can still be a hassle. You can do everything right according to the numbers and still end up with a house you can’t sell. Or your house might come with issues that make it hard to sell any time of the year (mold damage, tax liens, etc.).
If that’s the case you can consider selling your house as-is to a real estate investor like 365 Property Buyers. Instead of trying to beat the odds on the open market, you’ll know exactly where you stand. Plus, you won’t have to make any costly repairs or wait months for the sale to close. They’ll make you a cash offer and you can accept and close on the deal in a matter of days if you want. Then you get to move on to your next purchase and not worry about when the best time to sell a house is. Because the best time to sell a house is when you want to sell.