Do you want to sell your home in Tampa but are still determining if your home will be in high demand?
You will be delighted to know potential buyers are flocking to the Tampa area! According to the Tampa Bay Economic Development Council, a whopping 150 people move to the area each day.
Before you obsess about the market conditions and the best time to sell your house in Tampa, take a deep breath, and read on to learn more.
Why It’s Important To Sell Your House At The Right Time
Home sales vary from season to season. Think about your home-selling goals before you decide when to list your home. Listing your Florida home at the right time can save you money, agony, and less time sitting on the market.
Do you need to sell your home fast? Are you willing to sell and move later according to the market trends? Here are some things to ponder:
Different Buyers Buy At Different Times
Not only are your goals and needs essential but so is your potential buyer. If you have a single-family home, placing your home on the market in the spring is a great strategy.
Families with children tend to purchase single-family homes at the end of the school year in the spring. If a home buyer purchases in May, the new owners might move in the middle of June or July before the new school year begins.
Some home buyers may need to move to Tampa during the winter for career changes and new employment. These new Floridians typically need to prepare for their start date at the beginning of the year.
The Tampa area attracts families and retirees. Retirees tend to buy at the beginning of the year and end of the year.
So the best time of year to sell your home is determined by not just the asking price but the current circumstance of the home buyer.
Best Time Of Year To Sell A House In Tampa
The list price of a home varies by location. The New York real estate market differs from the Florida market. As stated above, how fast your home sells is also determined by the season of the year.
With post-pandemic market changes, home sellers are impacted by up and down mortgage rates, fluctuating median home prices, and home buyers searching for new homes.
We’ve found that the best sellers’ market is from the end of spring to the beginning of the summer. Home sales in the fall season have historically been low.
As you think about when to place your Tampa home on the market, consider:
Best Time To Sell By Location
Having a real estate agent that can guide you on the best time to sell a home in Tampa is essential. Marketing trends differ from each local market.
Florida’s real estate market is generally in high demand. Tampa has proven the best time to sell is in June. However, waterfront locations or locations in flood zones may not sell quickly during hurricane season. Hurricane season starts on June 1 and ends on November 30.
I can guide you with the best timeline and strategy to meet your needs. I don’t recommend depending solely on Zillow for information on marketing trends. Give me a buzz for direct local market expertise.
Best Time To Sell For Price
If it’s about the list price, a Tampa home sells at a premium in June. Realtor.com reported in August 2022 that homes in the Tampa Bay area sold for $42,877 more than the average.
Due to the high demand during the summer months, homeowners can maximize profit from their homes, so selling between June and August is the best time to sell for the price.
Best Time To Sell For Speed
The best time to sell a house fast in Florida is May. The home sells 14 days faster than average. Marketing trends change. I have my finger on the pulse for current marketing conditions in the Tampa area, so feel free to reach out to me so we can discuss.
Tips To Get Your Tampa Home Sold Quickly
You can shorten your home’s days on the market if you do the following:
Set The Best Price
Your asking price is the key to getting your potential buyer into the door. An experienced realtor can help you price your home according to the local market and what your potential buyer is looking for.
To better understand why a home buyer would be interested in buying your home with the right asking price, take a look at my article on What to Look for When Buying a House in Tampa.
Make Necessary Repairs
Prior to putting your home on the market, I recommend that you rectify any outstanding minor repairs. These repairs may include a leaky faucet and replacing an old HVAC system.
Make Small Improvements
New flooring and a freshly painted home can do wonders for your home value. Curb appeal does matter.
Update The Pool
Having a pool, especially in the hot summer months in Florida, is a desirable amenity. You will impress your potential buyer by replacing cracked tiles and re-marciting the pool.
Stage The Home
The home-buying process can be very emotional for all parties. All home buyers, including first-time buyers and cash buyers, must picture themselves in your home.
Staging your home to sell begins with cleaning and decluttering. Creating an emotional connection with a beautifully staged home can command a premium of 1% to 5% over an unstaged one.
The luxury home market requires all the above tips and more. For tips on selling luxury Tampa real estate, I can walk you through all the best ways to get your home noticed and sold.
Get Professional Help Selling Your House In Tampa
Now that you have a better understanding of the best time to sell your house in Tampa, are you ready to put it on the market? Let me guide you in preparing a home sale plan, including when to sell, asking price, staging, and more.
Placing your home on the market can be overwhelming, but I have years of dedicated experience in the Tampa real estate market. I’d be happy to help you through your home-selling journey. Contact me for help selling your house in Tampa.