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When Is the Right Time to Sell?
Times are changing and you’re thinking about moving your family into a new home in the Chattanooga region. But 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 and your realtor should consider.
The best 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 real estate 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 real estate property to stand out with effective marketing and staging. However, in times when inventory is low, and it is a seller's market, winter offers less competition and potentially more serious buyers who are ready to make a move.
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, your realtor 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 real estate market, the higher the offer you’ll receive.