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.
The wrong time to sell
The Tampa Bay area does experience a bit of seasonality in the real estate market. There are strategies to take advantage of the different seasons to maximize your return or achieve your home sale goals. We do not always have control over when we need to sell, so it is important to have a real estate team capable of marketing during any time of the year.
It’s often confusing to understand, not only what your own home is worth, but how the market as a whole is doing so you can make sure you profit the most from your home sale. Kris Kennedy is not only an expert in the local real estate market but a resource for market data other real estate agents as well as seen here in his detailed market updates.
The busiest season for selling
Conventional wisdom dictates that spring is the best time to sell a home. In spring, the holidays have passed, 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.
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