They say timing is everything, and that is certainly true of selling your home in Las Vegas. While it seldom rains in the city, there is definitely a season for listing and selling your property. Choosing which time will depend on two factors.
When to Sell Your Home in Las Vegas
The first is whether or not you want to get the maximum amount for your house. This may be because it is in top condition and is ready for the market. Minor cosmetic fixes have been taken care of and no major renovations are needed.
Studies suggest that to do this, the best time to list is in August with a closing date in November. It takes about three months to close a deal, so the timing is perfect. The average increase for going with this timing is nearly seven and a quarter percent of the amount sold during other times of the year.
Sometimes the goal is to sell the property quickly. It may be after the death of a relative or because you are moving to a different area. If that is the case, you may not want to do all of the little detail things that will increase the value; getting it on the market at the right time takes precedence.
In this case, listing your house in May is the better choice. That way it will close in August. Listing this way will sell your home at least four days sooner than in any other month. That might not seem like a lot, but it can be. It may be something of a surprise that high summer in the desert works best, but it does.
The Worst Time
There is a worst time to list your home. January is said to be the least favorable time slot for selling a mansion in Las Vegas. In fact, most of the winter months are considered a bad idea. Unless you know of a snowbird that wishes to buy in a hurry, avoid these months.
The housing market is readily changeable, so it is always best to check with your real estate agent about current trends. An agent can help you choose the right time to list as well as what to ask for in the way of sales.
An agency that does everything will also run ads, do open houses and suggest small changes to improve the looks and the feel of your home. This may include things like getting a temporary storage unit to reduce clutter. Even a coat of paint in a room or two may increase both value and speed in selling your house in Las Vegas.
There you have it, an article about the best time to sell your house in Las Vegas, NV. In the booming desert city of the American Southwest, home sellers are getting more for their money. Consider selling your home in August if you want to capitalize on the highest selling price.