Spring is upon us, which means the best time of the year to sell your Milwaukee house is right around the corner. But to successfully sell your home, you’ll want to time everything just right to have the house ready to put on the market. You’ll want to have repairs and renovations done, figure out if your listing with an agent or selling by owner, and of course, decide on a listing price. To figure out this home selling timeline, you’ll need to know when the best season and worst season are to sell a house and specifically what the best month of the year is to sell your home in Milwaukee and which months you should avoid. Below we’ll cover all you need to know about when to list your house to have a successful sale, including which month you have better chances of selling faster and for more money.
The Best Time of the Year to Sell Your House In Milwaukee
Milwaukee’s market trends show that the best time of year to sell your house is in the spring and summer. Why are these the best seasons to sell your home in Milwaukee? Because the weather is finally warming up, people are excited to get out and about, and school is about to let out for summer break. This tends to be a great time of year for families with kids to consider moving without having to pull their kids out of school. However, since this is the best time of year to sell your house in Milwaukee, competition may be fierce and become more of a buyers market. A buyers market means that the supply of available homes is high, so prices may need to be reduced to sell quickly. But as long as you have the house ready to sell, you could reap the benefits (selling faster and for more money) during the spring and summer seasons.
→ House Still Hasn’t Sold During the Best Time of the Year? Find out 4 Reasons Why your House isn’t Selling in Milwaukee by clicking here.
The Worst Time of the Year to Sell Your House In Milwaukee
The worst season of the year to sell your house in Milwaukee is in the fall and winter. Why is that the worst time of year to list a home? It’s cold, daylight hours are shorter, holidays and kids are in school. Fewer people are looking to move during these seasons, which means real estate activity is less. But since the level of competition amongst sellers is less, you may be able to find an off-season buyer who is usually more qualified and serious about purchasing a home.
Best Month of the Year to Sell Your House
Ok, so 2020 threw everyone for a loop, including the real estate market, the best month to sell a house last year was October, which is not the norm at all. If you’re looking to sell your house quickly and get the best possible price for your home, you’ll want to list your Wisconsin home in June. The month of June usually sees an increase in buyer interest with the possibility of a sale price premium and the chance of selling 13-days faster. However, the median number of days on market in June is 52 days. The average time it takes to sell a property in Wisconsin in 2021 is 102 days, 62 days to receive an offer, and an additional 35 days to close. This market is approximately 3.4% slower than the national average.
In general, starting from May until September, it should take less than 60-days to get an offer. So if you want to time things just right to have your house ready to sell, consider being prepared to list before June to be able to sell during the best month of the year in Milwaukee.
→ Check Out This Helpful Guide to Throwing a Summer Open House in Wisconsin.
Worst Month of the Year to Sell Your House
The months you’ll want to be prepared for longer days on market, and lower offers would be the months of December through March. The worst month of the year to sell your house in Milwaukee is in February. February is considered the worst month because the average amount of days to receive an offer is 88-days. And the median sale price in Milwaukee is the lowest in February, making it the worst month to sell a house in Milwaukee.
The second runner-up for the worst month to sell a home in Milwaukee is the month of January, which usually takes homeowners 81-days to receive an offer.
Selling to Cash House Buyers
It’s hard to time things just right if you need to sell your house fast and if you’re dealing with major repairs. Even if your home was ready to be put on the market tomorrow, you’re looking at the entire process taking 102 days to close, which is almost 3.5 months. Add in the fact that you need to fix a leaky roof, treat a mold problem or water damage, repair a foundation issue, or work on some unfinished construction and you’re looking at several more weeks until you’re able to put your house on the market.
Some people just may not have the luxury of waiting that long to officially sell their Milwaukee residence, especially if they are getting behind on mortgage payments, approaching foreclosure, or bankruptcy. Other homeowners just want to be rid of a property with bad tenants or one they inherited from a family member, and they just don’t have the time to maintain it. Whatever the situation, maybe, if you’re in a similar position, where you’re saying, “ somebody buy my house in Milwaukee,” you may want to consider working with a cash house buyer in the area.
Sell As-Is to a Cash House Buyer
Selling to a cash house buyer is a great way to sell fast and as-is. As-is? Yes, you can sell your house in as-is condition to a home buyer. No repairs or renovations are necessary. So all those issues mentioned above you can leave to the house buyer to replace. They can also close fast, too, so the average time it takes to sell in Milwaukee doesn’t apply when you sell to a cash home buyer. Take Cream City Home Buyers, for example, they can make you a no-obligation cash offer within 24-hours and close in as little as 7-days. Why so fast? They’re not subject to loan approval, inspections, and any other buyer contingencies because they pay in cash.
Making a fair cash deal with Cream City Home Buyers is also a great option if you’d like to save money on selling your house too. If you’re still on the fence about hiring a real estate agent because of the hefty 5.8-6% (split between agents) fees, that’s understandable. Even selling by owner is surprisingly not as cost-effective as you would think. By not hiring a listing agent, you’ll save that portion of the commission (2.9-3%), but if the buyer uses an agent, you could be asked to pay for those fees (2.9-3%) upon the sale of the property. Selling your home to a cash house buyer doesn’t include realtor commissions or service fees. And closing costs can even be negotiated.
→ Want to find out more negotiating tips? Check out this helpful post by clicking here!
Selling a house involves a lot of planning and preparation. Sometimes finding the extra time and money to get your house ready to sell can be challenging. Add in trying to time things just right to successfully sell your place, find your next home, pack and move -the pressure is on. The good news is you can sell your house any time of year during the best month or the worst to Cream City Home Buyers. To find out more about our home buying process and who we are, feel free to visit our website, we’re ready to make your home selling experience easy and fast any time of the year!