When Is the Right Time to Sell?
Times are changing and you’re thinking about moving the family into a new home. Before you start searching for your next dream home, you’ll need to figure out when you’re going to sell your existing home. The decision is a complex one, especially considering the unpredictable economic environment you’re living in. And while there’s no magic formula for determining the best time to sell a home, there are several factors you should consider.
The wrong time to sell
There was once a general way of thinking that it was best to avoid the months of December and January when selling a home. This is no longer the case! While we clearly see a higher boost in sales volume during warmer months, many buyers relocating to our area need to secure a home and finalize a move during the holidays, or even in January before children return to school. Our area (and our team) sees a great deal of corporate and transfer relocation. This means a high number of motivated, ready buyers are actively in the market during these months. Homes sell every day of the year! Yours could be next.
The best season for selling
Conventional wisdom dictates that spring is the best time to sell a home. In spring, the holidays have past, the new school year is still a while away, and gardens and other outdoor spaces tend to look their best. And while spring is the season that sees the largest amount of buyers, it’s also the season when inventories are highest. This means lots of competition, so if you’re going to sell in spring, you really need to get your property to stand out with effective marketing and staging. Our no-obligation consultations include staging suggestions and market preparations.
The best day for selling
According to research, Thursday is the best day of the week to list your home for sale. By listing your home for sale on a Thursday, you can make it available immediately for weekend showings. Come Saturday – the busiest day for real estate – your home will have only been on sale for two days, which is great for attracting full-price offers and maximizing exposure. In general, the shorter amount of time your home remains on the market, the higher the offer you’ll receive.