The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of
Houston Do You Know The Best Month And Date To Sell A Home
Buyers pay up to 9.1% above asking on a certain day and up to 5.9% above in a certain month
According to the latest analysis from Attom Data Solutions, May is the best month to sell a home because homeowners, on average, received offers 5.9 percent above asking price — the highest of any month.
June and August were the second and third best months with an average sellerpremium of 5.8 percent and 4.2 percent, respectively. To no one’s surprise, winter months ranked last, since homeselling and buying activity tends to slow down as temperatures fall.
October and December were the worst months to sell, with homes only selling 1.6 percent above selling price.
Source: Attom Data Solutions
If you’re going to bet on one particular day to sell, go with June 28 — on this day, homes were sold for 9.1 percent above asking price. Feb. 15, May 31, May 29 and June 21 also yielded great results for sellers as well — on these days, homes sold for 8.1 percent to 9 percent above asking price.
“May and the summer months are when buyer demand increases for a couple of reasons. First is the weather is warmer and more conducive for buyers to get out and about looking at properties,” Attom’s senior vice president Daren Blomquist said in an emailed statement.
“This is particularly true in markets with a colder winter and fall. Second, buyer demand increases because prospective homebuyers with kids are more willing to move during the summer months when their kids are out of school.”
Although summer months tend to usher in red-hot buyer demand in most markets, Attom found that markets with year-round high temperatures tend to be more active as the weather cools down. In Miami and Phoenix, for example, January and November are the best months for sellers to list their homes.
Article image credited to Thirsty Turf Irrigation on Unsplash
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As a full time professional real estate agent & former airline pilot, I pride myself on offering superior personal service before, during and after your transaction. Knowledge, commitment, honesty, ex....
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