If you’re considering selling this spring, it’s time to get moving – the best week to list your home is here.
Experts 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 are the first three steps to consider when selling your home.
Step One: Find a Knowledgeable REALTOR®
Selling a home is a big decision and doing so is more labor-intensive than just putting a “for sale” sign on your front lawn. Just like you wouldn’t want to invest a large amount of money in the stock market without the advice of a reputable financial advisor, you shouldn’t sell your home without a knowledgeable REALTOR® on your side. Choose a REALTOR® who has knowledge about the area, including upcoming developments in your desired neighborhood, and one who has plenty of experience. You want a REALTOR® who can get you the best results possible and one whose reputation for results will set your listing apart.
Step Two: Understand the Market
As previously mentioned, every transaction is different, and the same applies when gaining a clear understanding of how the real estate market is performing. Is it a buyer's market or a seller's market; is there a change on the horizon that will impact (good or bad) market dynamics; what trends are taking place with interest rates and financing; and what aspects of public policy are impacting the national, state, regional or local real estate market? All of these are vital factors to know and understand when considering making such an important financial decision – working with a real estate professional that genuinely understands each aspect of the market is imperative to your success in selling your home.
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Step Three: Position Your Home to Get Results
How you "position" (price) your home on the market is one of the most important things to consider when selling real estate. Overpricing your home ensures a lack of activity, creates a negative perspective from ready, willing, and able buyers, prolongs your time on the market (which impacts your profitability), and increases your level of frustration with a process that should be enjoyable. Likewise, underpricing your home means you leave your hard-earned money on the table for the taking, creates an opportunity for confusion, doubt, and remorse to set in during and after the sale, and tells prospective buyers you aren't working with a qualified, competent REALTOR® – which can wreak havoc on your negotiations.
Remember, the key is balance. You want to make sure your home is positioned properly, which means it will be both appealing to buyers and will give you the best return on your investment.
Want to know more? Download our FREE guide to selling your home, or simply just reach out. We're always here to be your trusted resource in real estate.
Bottom Line
Are you ready to sell this spring? Let’s connect to plan your next steps. You can start by making a checklist of what you think your house needs to get ready. Then, we can work together to prioritize your list and move forward together.
