Terryl Carl
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If you’re considering selling your house, timing is crucial. You want to list your home at a time when it will receive the most attention and interest from potential buyers. If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.
Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:
“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”
If you’ve been waiting for the best time to sell, this is your chance. But remember, before you put your house on the market, you’ve got to get it ready. And if you haven’t started that process yet, you’ll need to move quickly. Here’s what you should keep in mind.
Start by prioritizing which updates you’ll make. In February, realtor.com asked more than 1,200 recent or potential home sellers what updates they ended up making to their house before listing it (see graph below):
As you can see, the most common answers included landscaping and painting. Work with a trusted real estate agent to determine what projects make the most sense for your goals and local market.
Once you’ve made any necessary repairs and updates to your house, consider having it staged. According to the National Association of Realtors (NAR), 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. Additionally, almost half of buyers’ agents said home staging had an effect on most buyers’ view of the home in general. Homes that are staged typically sell faster and for a higher price because they help potential buyers more easily picture their new life in the house.
These are several advantageous factors for sellers looking to list their homes, including spring weather and the availability of tax refunds. These reasons contribute to why the upcoming week is an optimal time to put your home on the market.
April is typically when spring is in full swing across most of the country. The weather is getting warmer, the trees and flowers are blooming, and people are starting to spend more time outside. This means that more buyers will be out and about, searching for their next home. By listing your home in April, you’re taking advantage of this increased activity and maximizing your exposure to potential buyers.
While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right. That’s why the most recent data from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.
Many people receive their tax refunds in April, which can provide them with a little extra money to put towards a down payment or closing costs. This can be a powerful incentive for buyers who have been on the fence about purchasing a home. By listing your home in April, you’re capitalizing on this influx of cash and making it easier for buyers to make a move.
For families with school-age children, the end of the school year is just around the corner in April. This means that parents who are looking to move before the next school year starts will be actively searching for a new home. By listing your home in April, you’re ensuring that it’s available to these families at the exact time they need it.
While spring is a popular time to list a home, many sellers wait until May or June to put their homes on the market. This means that in April, you’ll have less competition from other sellers, giving you a better chance of standing out and getting your home sold quickly.
By taking advantage of the increased activity and incentives of the spring season, you can maximize your exposure to potential buyers and increase your chances of selling your home quickly and for a good price.
If you’re considering selling your home this spring, it’s important to start preparing as soon as possible. Begin by making a checklist of what your house needs to get ready for the market and work with a trusted real estate professional to prioritize and execute your plan of action.
Contact me today to get started and take advantage of my expertise and experience to help you achieve your real estate goals. Together, we can prioritize your goals and create a personalized plan to ensure a successful sale of your home this spring.
Article Source: www.keepingcurrentmatters.com
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