Thinking about selling your home? If you are, now might be the ideal time to kickstart the process.
According to a recent study by Realtor.com, which analyzed housing market trends over the past several years (excluding 2020 due to its unique nature), it was determined that the optimal week to list your house this year is April 14-20.
“Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”
This is significant for you because, although the spring market is generally favorable for selling regardless of the week, this particular timeframe may represent the pinnacle. If you've been delaying your plans and waiting for the perfect moment to take action, this could be the push you've been waiting for to make your move. As Senior Economic Research Analyst Hannah Jones from Realtor.com comments:
“The third week of April brings the best combination of housing market factors for sellers. The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.”
However, if you're eager to jump in the market, you'll need to rely on the expertise of professionals. Your real estate agent is the perfect resource for getting your house ready for the market. They can provide guidance on aligning your target listing date with necessary repairs and renovations. Additionally, they can assist you in prioritizing tasks so you know which ones to address first.
If your house is already in good condition, you can focus on smaller, impactful improvements. As stated in an article from Investopedia:
“You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers.”
Here are some specific examples from that article:
Keep in mind that if you're not prepared to list your property in the next few weeks, that's perfectly fine. The opportunity doesn't vanish once this week concludes. Spring remains the prime season for home buying, and it continues to be a seller's market, so you'll have the advantage throughout the entire season.
Bottom Line
Ready to get the ball rolling on your home selling process? Connect with us TODAY to schedule a time to go over your next steps.
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