Selling a home can be a difficult thing to do, but there are lots of tips and tricks that you can use to make your home more desirable to sellers and get it off the market faster. However, according to research by the real estate website Zillow, it may matter less what you do to your home and more when you list your home. Zillow has figured out the best month, and even the best day to list your home for sale: a Saturday in the first half of May. Take a look at the reasons why.
Why Do Houses Sell in Early May?
According to Zillow’s research, homes listed between May 1st and May 15th sell nine days faster and for up to 1 percent more money than the homeowner’s asking price. Why would that be? Spring is a good time to go home shopping generally – spring weather is not too hot and not too cold. It’s also a good time to start planning a move, especially for families. If they purchase a home in late spring, they can be moved and have time to settle in before the kids go back to school in the fall.
However, in May, house hunters start to see summer approaching quickly. If they haven’t already found the home they wanted by then, they may start to worry that they won’t find one within their desired time frame. This can make prospective homebuyers more eager to make a deal, right around the beginning to middle of May. That means listing your home during that time period can put you at the top of the list, right when buyers are most anxious to buy.
What About Saturdays?
Zillow also reports that listings posted on Saturdays receive 20% more views than listings posted earlier in the week. Friday posts get 14% more views than early in the week listings. This may simply be because for many people, Saturday is their day off. That’s a good day for them to look for houses. The Friday spikes in views may be people planning what houses to look at over the weekend, when they have free time.
As a seller, you want to make sure that your listing gets as many eyes on it as possible. Posting your listing on a Saturday is a good way to ensure that it’s seen by the highest number of interested buyers.
What Else Affects Home Sales?
Of course, there are many other factors that affect the sale of your house. The weather can be an important consideration – it’s notable that the time of year matters less to sales figures in regions where the weather is fairly stable year-round. Sales fluctuate more when the seasons are distinct.
The home itself matters as well. Upkeep, curb appeal and upgrades to the house, like a garage upgrade, are important factors in how much you’ll get for your home and how quickly it will sell. To find out more about upgrading your home’s garage, contact us.