Before selling your home, know the $17,000 sweet spot


Olde Hornet

Well-Known Member

Time it right. Don’t try to sell your home in winter, but do try to sell it in the spring. Sellers who sold their homes in June — meaning June was the sale date on the deed of the house, so they likely put the home on the market in spring — got 9.2% more than what their home was valued at, according to data released this month from real estate analytics firm ATTOM Data Solutions.

Sellers got a premium in other spring and summer months too: May (7.4%); July (7.3%); April (6.4 %); March (6.1%); August (5.8%); meanwhile December, January and October sellers got less than a 4% premium. ATTOM’s Chief Product Officer Todd Teta says that this is because demand is much higher in spring and summer in part because school is out and winter is over so people are out and about.
 
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