Times are changing and you’re thinking about moving 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. 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
This 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? Fewer people are really itching to buy and the time it takes to sell is often much longer. As a general rule of thumb, try to avoid the months of December and January when selling a home.
The Best Season for Selling
Conventional wisdom dictates that spring is the best time to sell a home. In spring, the holidays have passed, the new school year is far enough 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.
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.
The best advice for selling your home would be that you should hire a real estate professional as soon as you know you will be listing. They will help you navigate the market in your area and you can come up with the best strategies on how and when to list your property.