When Is the Right Time to Sell?
Moving is one of the biggest decisions we can make. Whether we're following a job opportunity, in search of a more family-friendly environment, or simply in search of our dream home, there are plenty of factors that come into play when making the big switch. The decision to sell is always a complex one, especially considering the unpredictable economic environment we're living in. The first, and arguably most important step, is to sell the home you're already in! And while there’s no magic formula for determining the best time to sell a home, there are several factors to 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 indicates 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.