Whether you are up-sizing and looking for a different neighborhood or city, or downsizing because your children have moved out of the house, there are important things to consider.
Before you start searching for your next dream home, you’ll need to figure out when you’re going to sell your existing home. And while there is no magic formula for determining the best time to sell a home, there are several factors you should consider.
This likely won’t come as a big surprise, that you should avoid selling your home during the winter holiday season.
Buyers aren’t interested in going out to look at homes in the snow and the last thing you want them to be thinking about is how much work it will be to keep the sidewalk and driveway clear in the winter. Tensions run high during the holidays and budgets run low.
The result? Few people are interested in buying and most offers that do come in are often at the low end of the range. As a general rule of thumb, 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 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 volume of buyers, it’s also the season when inventories are at their highest levels. This means there is a lot of competition.
First impressions are critical. Making your home attractive on the outside when potential buyers arrive will encourage them to look inside.
Things to do inexpensively:
- Mow the lawn
- Trim hedges
- Remove any weeds in the cracks in the sidewalks and driveway
- Wash the windows
- Power wash the siding
- Clean the gutters
If you’re going to sell in spring, it is in your best interest to make your property stand out with effective marketing and staging.
See our blog “Prepare to sell your home” for additional information.
The best day for selling
Thursday is the best day of the week to list your home for sale for a number of reasons:
- Listing your home for sale on a Thursday means it will be available immediately for weekend showings.
- On Saturday – the busiest day when buyers are out looking 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.
- Buyers will have more time available to tour your home and see all the great features and benefits of living in it.
Be prepared to spend the day out of the house and let one of the professional realtors from Empowerment Realty Group present your home to motivated buyers.