Selling or buying a home? Best time to do it
So, you’ve finally decided to put your house on the market. Once you’ve chosen to take the leap, you want it listed right away, right? You’re ready to put the sign up! Well, wait just a minute … you’d better check your calendar.
Strategically, what is the best time to list your home for sale? The answer is as soon as possible after midnight on Thursday morning. Why?
The reason is two-fold: Your home will be available for showings that weekend, but it will also be a fresh-on-the-market listing (list it any earlier in the week and by the weekend, it’s already looking a bit stale). Why is this important? You’re more likely to get a full-price offer if your home has been on the market for a short period of time.
For buyers, there is also a best time to make an offer on a home. And according to this article, it’s the first Tuesday of the month — and early in the day. Why is it important that it be the first week of the month? Because the owner just paid their mortgage. With that fresh in their mind, they’re thinking they better sell the home soon (or at least before the next bill comes!). Tuesday morning is best because it’s likely that they’ve already received all offers (if any) as a result of the weekend showings, and no others will be coming in. Yours might be the best offer they think they’re going to get.
When cteating this post I used extracts from the articles written by Greg Swann, who writes the wildly popular Bloodhound Blog and an article written by: Leslie Pandey, Zillow.com
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