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
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? 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
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 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.
