When Is the Best Time to Sell a House in Oklahoma City?
When is the best time to sell a house? In Oklahoma City, the housing market is quite good. Housing values climb steadily, but not in a volatile way, and consequently, it’s always a good time to sell. But Oklahoma City, just like other areas, is seasonal in terms of how fast the market moves. And there are always better times to sell depending on your personal circumstances. Here are some things you should consider before selling a house in Oklahoma City.
Most People Don’t Buy Homes During the Holidays
The slowest home-buying season, whether in Oklahoma City or not, is winter. People just don’t want to sell their house and move during Christmas and New Year’s. They might resolve during the new year to buy another house, but that’s different. They’ll start looking in spring. Plus, in the dreary winter months, no one really wants to face the slush and snow to get to yet another house showing. So, unless you absolutely need to sell your home during the winter, you might as well just hold tight and wait for spring.
The most active home-buying months are the summer months. Many people have their kids out of school, they’re being active, and they may be thinking of upgrading or finally purchasing a home. This may not affect how much you sell your house for, but it will probably impact how quickly your home sells.
Selling Your Home to Get Out of It
The ideas above are about market timing, but the reality is you might be trying to sell your Oklahoma City house because you need to get out of it. If that’s the case, the perfect time is “as soon as possible.”
There are many reasons someone might want to sell a house. Perhaps they inherited it and can’t care for it. Maybe they need to get a larger house (or a smaller one). Or maybe they’re behind on the mortgage.
In most situations, it’s better to sell fast. If the home isn’t occupied, selling fast means you capture the most value; otherwise, the property isn’t going to be properly maintained and will degrade over time (or have maintenance and tax costs). If you’re behind on your mortgage, selling fast means that you can avoid foreclosure or other adverse action, helping to protect your credit score.
When to sell a house is often a uniquely personal decision, and your own financial situation matters quite a lot. But often the best time to sell (if you’re going to sell) is now.
You May Not Need to Go on the Market at All
Earlier, we spoke about the best time to sell in terms of the housing market — when buyers are most active. But you might not need to concern yourself with buyers.
You can sell your home at any time to a cash home-buying company.
A cash home-buying company specializes in purchasing homes from individuals in cash. They don’t take out mortgages. Instead, they send the cash payment right away. These home-buying companies look for older homes, homes that need repairs, and homes that otherwise need a little love.
The advantage to using a home-buying company is that they’re always buying houses. There’s no negotiating necessary. They’ll tell you what the fair market value of your home is and what they’re prepared to offer. Often, this is more than you can get on the market because they know they can repair and maintain the home on their own and because they don’t need to pay significant realtor fees.With a cash home-buying company, every time is a good time to sell a house in Oklahoma City. You can find out how much we can offer for your home by contacting us today at We Buy Houses Oklahoma City. Find us online or call us at 405-757-2507.