Questions? We're here to help!
Sell your property with confidence
Making a big decision is never easy, especially when you’re aware it will affect your entire life. How should you know if it’s the right time for you to sell your property, the place where you've most likely spent many memory-filled years? This is always a serious step and it’s best to have someone you can trust guiding you throughout the process. Our team of professionals is eager to support you during your journey - from the beginning to closing the deal. Here’s a short guide we’ve prepared to help you decide if you’re ready for the next step.
Winter doldrums
Much advice you’ll hear about selling will be different, but there’s one time of year that most experts believe you should avoid when it comes to listing a home: winter.
Between the holiday season and, in some parts of the country, the weather, there aren’t many buyers incentivized to disrupt their lives and move into a new home, which means they aren’t thinking about shopping for one, either.
Fewer buyers means less of a chance that your home will be one of those that sells. That said, there can be winter seasons where market factors are favorable for sellers. Stay in touch with a trusted broker and you'll be in the know.
Peak selling season
Just as many experts will warn you against listing in winter, spring is commonly considered one of the best times to sell a home.
Buyers are interested in making a fresh start, yards look lush and green, days are starting to get longer, and tax season gives some a leap ahead on their down payments.
Does that mean you should sell in the springtime? Maybe. Other sellers will have the same idea. There will be more homes on the market, which means competition for buyers.
Does the day of the week matter?
Actually, it might. According to a couple of different studies, homes that were listed on Thursday or Friday have been found to sell in the shortest length of time for slightly higher prices than any other homes.
It’s possible that the timing of the weekend is what’s honing Thursday’s and Friday’s edge over the other days of the week. Buyers are more likely to have time to schedule home tours or attend open houses over the weekend, and there are likely to be more of those buyers looking at each house (and therefore more chances of getting an offer, or maybe even multiple offers).
Timing isn’t everything
Even if you think you’ve nailed the best time to sell your home, and you’ve done all the maintenance and repairs to maximize your chances, one miscalculation can spoil it all: pricing incorrectly.
Some sellers don’t think this is a huge deal. Serious buyers monitor listing activity, and get an alert as soon as a home is listed on the MLS. Many of the buyers who could buy your home are going to see your listing within the first 48 hours of it going live.
When your listing debuts, you thus have a big opportunity to appeal to a large pool of buyers. If you're priced too high or too low, you’ve missed a chance to maximize your appeal and/or proceeds.
We're here to ensure this doesn't happen. Give us a call or send us an email; we love studying the market almost as much as discussing it.