When is The Best Time to Sell My House?

Tips to Selling Your Home at the Perfect Time

The Real Estate market has been scorching hot this spring. The question is when is the best time of the year to sell your home. I have compiled a few tried and true strategies for choosing the perfect timing to Sell your home for the best results. The many markets have had record gains in property values over the last 5 Years and promises to continue up-word. That being said, there are still small lulls that a home seller should to be aware of, so they can avoid a slow time in a hot market.

• List your home in Spring - Buyers every year re-enter the market looking for a home in Spring. When the snow melts and the sun comes out, people flock to the market with their tax refunds in the bank ready to make offers. Statistics show that 60% of people who move do so in the spring and early summer months.
• List your Home on Thursday -  This works better In a Sellers market, this is more true then it is in a buyers market. Listing your house for sale on a Thursday makes it available right away for weekend showings. Saturday is the most important day in real estate week, and if the home is listed Thursday Buyers will have time to see the listing before the start of the weekend, maximizing time and exposure. If the house doesn't sell over the first weekend, when the next weekend rolls around there will have only been 9 days on the market which looks a lot better then 10 psychologically. The fewer days the house is on the market, the better chance the home will attract a full-price offer. Houses listed Thursday benefit from the competition of the weekend, whereas homes listed at the beginning of the week may attract lower offers.
• Don't Price Your Home With a Zero at the End - Studies show that people perceive price at precise if there is not a round number at the end. A house priced at $382,286 is perceived to be less then the round number of $380,000. Actual sales stats show that one zero at the end of an asking price will lower the final sale price by .72% and two zeros lower it by .73%. This doesn't look like a huge percentage, but it can add up to thousands of dollars in the end.