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 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
likely won’t come as a big surprise: you should avoid selling your home
during the winter holiday season. 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. So as a general rule of thumb,
avoid the months of December and January when selling a home.
The best season for selling
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.
The best day for selling
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.