Times are changing and you’re thinking about moving the family into a new home. 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 should consider:
The best season for selling
Home are bought and sold all year long. In Connecticut, spring is generally considered one of the best times to sell a home. Sales typically slow down during the holiday season and during the cold winter months. In spring and summer, 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 and summer, 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 for 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.
Local market conditions
Regardless of the time of year, local market conditions are always an important factor. Some selling price ranges have a larger pool of buyers, and some locations and areas are more popular than others. In Connecticut, there is also a wide range of housing types and architectural styles, each of which appeal to different types of buyers.
For personalized professional advice on selling your home in Connecticut, contact Advisra today at 203-772-0677 or complete the contact form on this webpage.