T I M I N G I S E V E R Y T H I N G
The decision to sell one’s home is a complex one, especially considering the unpredictable economic environment we are presently living in. While there is no magic formula for determining the best time to sell a home, there are several factors to take into consideration:
The Wrong Time to Sell
As a general rule of thumb, avoid selling your home during the winter holiday season if possible (December and January). Tensions run high during the holidays and budgets run low. The result? No one’s really itching to buy, and offers that do come in are often low.
The Best Season for Selling
Conventional wisdom dictates that spring is the best time to sell a home. The holidays are behind us, the new school year on the horizon, and gardens and other outdoor spaces tend to look their best during this time. Spring is the season when inventory is highest and most buyers are shopping. High inventory translates into a lot of competition, so if you are planning to sell in spring, do prepare your property to shine with effective marketing and staging.
The Best Day for Selling
According to research, Thursday is the best day of the week to list your home for sale. In general, the shorter amount of time your home remains on the market, the higher the offer you’ll receive. 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.