If you’re considering selling your beloved property, you might be surprised to learn that you can make more money by strategically planning when your home makes its grand entrance on the Ventnor real estate market. Buyer activity is more lively during certain months of the year, and sellers often find that they can attract more traffic to their listings if they get the timing right. Below you’ll learn the ideal strategy for listing your home to garner the most interest.
Spring and summer are king
There are several factors that make market activity strongest during this time. Many real estate seekers are excited to get out and shop for homes after staying inside throughout the winter. Plus, many buyers want to avoid loading boxes and driving moving trucks in inclement winter weather. In addition, some buyers receive their tax returns and make plans to use the extra cash on a down payment. Finally, families with young children are eager to move after the school year ends so that they have ample time to settle into their new homes before classes resume in the fall.
While it’s true that homeowners may face the challenge of increased competition from other sellers if they list their homes in the spring, the massive influx of buyer demand usually makes this a minimal issue.
Avoiding the “slow season” of fall and winter
Winter is often the most challenging season for selling homes. The same families who were shopping for homes in the spring and summer are now busy driving kids to and from school and attending extracurricular activities and after-work responsibilities. Others are distracted with holiday plans, travel, and end-of-year work goals. Homes sell twelve months a year, but average prices are often lower between November and February.
If you need to list your home during the slow season, your agent will have tried-and-true methods up their sleeve to make sure you still reach success. It’s also true that some buyers aim to move in the winter just before the end of the year because of how it improves their tax situation. However, most sellers find that they have to work much harder on marketing if they want to generate significant interest in their properties when selling during the slow season. You and your agent will devise a marketing strategy that is sure to generate interest.
What is the best day of the week to put my home on the market?
You can accomplish both goals by listing your home on Thursday. This ensures that any interested buyers who want to see your home on the weekend will still have time to schedule a showing. It also means that you’ll stay closer to the top of the list on Saturday and Sunday, catching the eye of buyers who prefer to look for new homes over the weekend when they aren’t working.
What is the worst day of the week to list my home?
What time of day should I publish my listing?
If I’m not going to sell my home immediately, what can I do while I wait?
If you have more questions about when to list your home or if you’re ready to take the next step, reach out to Anthony D'Alicandro of the Dwell Real Estate Team. Anthony is an expert in Ventnor real estate and has been involved in over 2,000 past transactions. He is passionate about the local market and loves educating his clients so that they can make wise decisions when buying and selling homes. He would love for you to be the next client he serves. Reach out today!
*Header photo courtesy of Shutterstock