Are you thinking about a change of scenery? If so, Garden City Realty can help you buy or sell your house. Here at Garden City Realty, we make it our mission to help buy and sell homes hassle-free. That’s why we have put together a guide on the best time of the year to buy and sell homes in Myrtle Beach.
When to Sell a Home in Myrtle Beach
Maybe you have realized your home’s value has risen. Maybe you are empty-nesters in need of a downsize. Or perhaps you are starting a family. Either way, it may be time to sell. To capitalize on your home, you may find it useful to know when the best time of year is to sell. That depends on your end goal. Do you need to sell your home fast? Do you want the most money you can get for your home? Your answer to these questions is will determine the best month to sell.
When You Want to Sell Your Home Fast
According to the Consumer Housing Report on Zillow, The best time of year to sell a beach house is typically in the spring to early summer. During these months buyers are motivated by extra cash from tax returns and beautiful weather. The best months to sell your home fast are March and April. With multiple buyers looking for housing, they will be motivated to put in offers quickly or risk losing their bid. Consequently, winter is typically considered the worst time to try to sell if you want a quick sale since there are typically fewer buyers.
When You Want to Sell Your Home for the Highest Profit
Like selling your home fast, the best time to sell your home for a high profit is going to be spring to early summer. The warm weather around that time is great for selling your home in Myrtle Beach. The curb appeal of homes is usually greater during these times since plants life tends to blossom. The first two weeks in May are the best time to sell because the market is more competitive resulting in higher offers. Although, if you sell your home in fall or winter, there will be less competition on the market, so buyers might be willing to pay a little extra to close on the house.
When to Buy a Home in Myrtle Beach
Though we still suffer from a global pandemic, Zillow’s Consumer Reports show that demand in the housing market has remained steady, while supply has diminished, lowering mortgage interest rates. If you are ready to take advantage of this you will want to know when is the best month to buy a house. The answer varies depending on your biggest concerns. Are you more concerned with having a lot of houses to choose from? Would you rather have fewer options and cheaper prices?
If You Want More Options
The best time to buy a house, if you are looking for variety, is spring to early summer. However, if you want to find cheaper homes with the flexibility of multiple houses, consider buying a home in August. This is the best time of year to buy a home if you want variety and a cheaper market.
If You Want the Reduced Home Prices
Buying a home is cheapest during the winter months when there is a decrease in homes on the market. Because there are fewer buyers during that time period you will be able to negotiate the closing price on your house. Traditionally, November and December are considered the best months to buy houses for less. The closing process may take a little longer due to prolonged negotiations, but the odds will be in your favor with less competition from other buyers.
Whether you wish to buy or sell a home in the Myrtle Beach area, Garden City Realty is happy to answer any questions you may have. Feel free to reach out to one of our Garden City Realtors.
Written by Katie Robison, blog contributor for Garden City Realty