Month: June 2021

Everyone knows that location plays a big part in a property’s value, but few know that the “time of listing” is as important when putting a house up for sale. While we can not change the location of a house we are selling, we have the ability to decide when we list it for sale.

Listing a house at the right time can improve the time it takes to sell a home as well as raise the sales price. Here are some of the best times to sell your home, according to data from Zillow and Redfin. 

Season: Spring

It has long been common knowledge among real estate agents that people generally start looking for homes when the holiday season comes to an end, and the weather becomes more pleasant to be outdoors. Spring brings back the leaves and perennial plants, boosting the curb appeal. And for parts of the United States with very cold winters, spring brings back more movement and many families also start looking for homes before summer vacation begins. 

Depending on where you are in the country, spring starts at different times. Sellers in the south might want to list their house as early as February or March, while sellers in the north might want to wait a bit longer to put up their listings. 

The alternative to listing in the spring would be to list in the fall. And contrary to popular belief, depending on where you are geographically in the country, summer is generally not the best time to sell a house because people typically spend the season vacationing. There are also parts of the country where it gets too hot in the summer for buyers to want to go outdoors to house hunt. 

Month: May

Nationwide, the best time to sell a house is in the month of May. In fact, houses that listed for sale in the first half of May sold almost two weeks faster and for 1.2% more than the average listing, according to a study by Zillow. 

The first half of May was the best time to list in 14 of the 24 largest markets analyzed by Zillow. However, while the average home listed in May earned a premium of $2,400, homes that were listed in San Franciso in the last half of April earned a 1.7% premium, which comes out to about $15,300. 

Day: Thursday

You will have to pray to get the best price if you list your house on Sunday. According to a study conducted by Redfin, homes listed on a Sunday not only sold slower but also sold for less. 

Redfin analyzed 100,000 homes that sold in 2017 and found that homes that were listed on a Wednesday sold for $2,023 more than a home listed on Sunday. The analysts also found that homes listed on a Thursday sold 5 days faster than homes listed on a Sunday. 

They speculated that Wednesday and Thursday were the best days to list because that’s when buyers typically start looking for houses they plan to see over the weekend. 

“Serious buyers typically start making their weekend house-hunting plans late in the workweek,” a Redfin agent said in the study. “You want your home to be one of the fresh listings buyers see pop up as they decide which homes they should see over the weekend.”

However, just because the average home sells well on one day nationally, doesn’t mean it will fare as well on that day locally. For example, sellers who live in big cities may want to list their house on a Tuesday, when broker’s open houses are common. 

Local Markets May Vary

If you live in a completely average house, the best time to list it for sale it would seem is the second Thursday in May. For everyone else, it is important to talk to your local real estate agent to find out the best time to list a house in your area. 

Real Estate Agents who understand what it takes to sell a home understand the importance of curb appeal. The most important aspect of a quick home sale is getting as many people in the door as possible. As such, it’s important to make a good first impression in order to get potential buyers in the right frame of mind. No matter how good your listing photos look, if the outside of your house is a horror show, not only will far fewer people refuse to step inside, the few that do will enter it in the wrong frame of mind.

It’s understandable that not many sellers would want to engage in the expense and heartache involved with doing a full overhaul on their landscape, but there are many instances where sellers are in full self-sabotage mode without realizing it. So while it’s understandable that a seller wouldn’t be willing to spend tens of thousands of dollars to increase their curb appeal, there are no excuses for the little, virtually free things that can be done to keep it respectable.

1. Grimey Windows

No matter how diligent you are at cleaning the inside of your home, including your inside windows unless you wash them from the outside, they will appear dirty and have a noticeable effect on your curb appeal. You don’t have to wash them once a week or anything like that, just make sure you give them a thorough scrubbing with soap and water and a hose down twice a year.

2. Overgrown Lawn

Probably the most common curb appeal killer is an overgrown lawn. At least twice a month, it’s important to maintain your lawn. It doesn’t have to be perfect, you don’t have to dig out every weed, but as long as the grass is short and you have put the proper care into edging, it will look fine. The point is not to stick out like a sore thumb with respect to your neighbors.

3. Decrepit Garage Door

One of the first things that capture the attention of onlookers is the garage door, making it a vital aspect of curb appeal. This can be problematic because garage doors suffer a great deal of wear and tear. If replacing your garage door is not in the budget, there’s no excuse for not giving it a quick DIY paint job on a lazy Sunday.

4. Front Door

If the garage door is one of the first things people look at, one of the few things it’s surpassed by is the front door. If your front door isn’t up to snuff, you don’t have to completely replace it with something new, nice front doors are expensive. But repainting it and replacing the hardware will give a much-needed facelift with minimal expense.

5. Outdoor Lighting

Curb appeal during the daylight hours is as important as curb appeal at night. When a property is on the market, there will be prospective buyers driving by to check out the house; oftentimes it is after work hours when the sun is about to set. If your lighting is too dim your house can look uninviting, and if it’s too bright it can be intimidating. Make sure to replace the bulbs with the right intensity to create an ambiance that is comfortable to the eye. If it’s still too dark you can light the path to your door with solar-powered lights. They are inexpensive and impose no energy cost.