Tuesday, February 12, 2013 / by Martin Millner
So you’ve decided to sell your home. You may be asking yourself - is this a good time to list my house? What is the best time to list a home?
Most homeowners want to list their home as soon as possible. They’ve been thinking about it for some time, and now that the decision has been made, they want to put it on the MLS as soon as possible.
Unfortunately, that is not very realistic. The REALTOR® has work to do to gather information and enter it into the MLS. The home must be cleaned and repairs made. Pictures and virtual tours must be taken, signs put up, and a lockbox installed. The home should not go onto the MLS until it is entirely ready to be sold.
So, once all of that is complete, what is the best day of the week to list the home? The best answer is as soon as possible after midnight on Thursday morning. This is because your house is now available for all the Realtors planning their weekend showings, and the house will show 0 days on the market on Thursday, 1 day on the market on Friday, and 2 days on the market on Saturday (and Saturday is the most important day of the real estate week).
The fewer the days on the market, the greater you have of selling your home quickly and attract a full price offer.
Now let’s look at the best season to sell. Opinions vary widely on this. A lot of people think that selling to coincide with the school year is best – so late spring and summer. There are surely more buyers out in warm weather, but there are also usually, double the active listings. In the off months, there are fewer listings and the buyers who are out there are more serious about buying – not just out looking. This means there is less competition and homes that sell in winter sell 1.4% closer to their original listing price.
Research shows that the tail end of winter is an excellent time to list, with March being the best month. Listing your home in March results in it being on the market for the shortest amount of time, with homes listed in October taking the longest time to sell.
In Bucks County, confidence is high and inventory is low right now. Combine that with historically low interest rates, and the result is high buyer activity. Buyers who have been sitting on the fence waiting are now jumping into the market, making this a perfect time to list your home.
A recent listing of mine in Yardley Hunt, sold within days of going on the market for virtually the asking price, and another in Yardley Estates, sold well over the asking price with multiple offers.
As March is rapidly approaching, and you have been considering selling your home, it’s time to make a move. Your window of opportunity to sell your home quickly and for top dollar is almost upon us.
Feel free to contact me if you are looking for a new home in 2013.
There are a lot of great homes in Yardley, Newtown and all of Bucks County.