When Is the Right Time to Sell?
Times are changing and you’re thinking about selling and moving. Maybe you are downsizing, or wanting to be closer to family and moving back or want to eliminate the cost of keeping up a home and move to a maintenance free environment, like a condo. But before you start searching for your next home, you’ll need to figure out when you’re going to sell your existing home. The decision is a complex one. And while there’s no magic formula for determining the best time to sell a home, there are several factors you should consider.
There is no wrong time to sell in our market.
It is a myth that there is a selling season here in Southwest Florida. I think the myth persists because everyone knows there is a season for selling up North. With the reduction in traffic, shorter lines at events, smaller crowds at restaurants, and so forth, the assumption is there will be fewer buyers in the area. Studies stretching back for over a decade show month after month that sales are pretty evenly spread out over the entire year, regardless of season. This makes your decision as to when to sell somewhat simpler and easier.
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 near full-price offers. In general, the shorter amount of time your home remains on the market, the higher the offer you’ll receive.
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