When Is the Right Time to Sell?

When Is the Right Time to Sell?

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.

Should I sell during the holidays?

Most people think that houses don't sell during the holidays. While it is true that there are less buyers, there are also less houses for sale, which means less competition and potentially more money for you.  Any buyer who is looking during the holidays is generally a serious buyer.  Job changes and transfers means there is always someone looking to buy a home.  January is traditionally the month for employees to begin new jobs and they cannot wait until spring to buy. Listing your home for sale before January puts you in a good position to capture that market.

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.