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.
Is there a wrong time to sell There may be less people walking through your home during the winter holidays, however, home buyers shopping at this time of year are more serious. You can customize your showing calendar to work around your celebrations. If your home needs to be sold, waiting until the spring market may result in a missed opportunity.
Is there a best time to sell
Conventional wisdom suggest that spring is the best time to sell a home, however, there is more homes on the market, meaning more competition. 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. Selling your home in the spring requires a lot of preparation. Your home has to stand out from all of the others in condition and price.
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.