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. While there’s no magic formula for determining the best time to sell a home, there are several factors you should consider.
The wrong price to sell
This likely won’t come as a big surprise: pricing your property correctly when first listed is the key to selling your home quickly. Reach out to one of our skilled agents to give you a free opinion of value in order to determine the best price to market your home at. If a property sits on the market for too long, buyers question “what is wrong with it” before considering a showing and typically go in lower on an offer but if you price your property correctly in the first place, offers usually come in strong and fast.
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. 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. There are benefits to selling in the winter months as inventory is lower and some buyers still need to purchase homes. The fall market is quite hot as people stop the busyness of summer and are ready to get serious about buying. Summer can also be a great time to sell as the weather is great and buyers are not timid to get out and go look at properties for sale.
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. In general, the shorter amount of time your home remains on the market, the higher the offer you’ll receive.