Times are changing and you’re thinking about moving the family into a new home. But 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 we’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 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. However, as with anything else, there are Pros and Cons. 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.
The worst season for selling If the best season for selling is spring (summer), it follows that the worst season for selling would be winter, right? This is not necessarily true. Again – Pros and Cons. Winter sellers benefit from less inventory to compete against, as well as the fact that winter buyers tend to be more serious then spring and summer “tire kicker” buyers.
The best day for selling
According to research, Wednesday is the best day of the week to list your home for sale. By listing your home for sale on a Wednesday, 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 three days, which is great for attracting full-price offers. In general, the shorter amount of time your home remains on the market, the higher the offer you’ll receive.
** I have a published book, “The Secret of Wealthy Home Sellers” that I would be happy to send to you. Just contact me with the request “send me the Home Seller Book” in the comments.