Yes, it has been a very hot real estate market over the last two years – so you may be thinking it’s very easy to sell right now – but the fundamentals of selling a home are still vital.
It may appear as though everyone is selling their home in a bidding war! However, from what we have seen it is a controlled chaos where the homes that get the most attention are beautifully presented and in great areas – not an all out free for all. If you are thinking about selling, here is what you need to know today.
What is the time of year to sell your home?
Traditionally homes sell best in the spring time. This is due to the school year coming to a close for the seller and the new buyer being able to move in and get organized prior to the next school year starting in the fall. It has always been about the school calendar!
However, in the current pandemic fueled, big city fleeing market, every single home is selling at top dollar year round. Of course, things will return to normal but who knows when!
What is the best day of the week to list your home for sale?
You typically want to list your for sale home on Wednesday. This is in order to let prospective buyers review your property and have time to make a decision about coming to your open house over the weekend.
How do you know when you’re ready to sell? Beyond of course saying, “I want to move!”
Deciding to sell your home is a huge decision that requires a lot of thought and planning – so do not rush it! You are practically ready to sell a house when you sign the contract with your listing agent. Regardless of what a broker says about pricing, you still must be mentally prepared to list your home, especially in this market where it will sell in the first weekend if it is priced well. Take as much time as you need to review your plans with your family before signing the listing agreement because once you do it will be a whirlwind.
Has 2021 been a good real estate year?
Here at Kabinet we speak to real estate agents daily and from what they are saying 2021 has been another record breaking year for selling houses. Nearly every single home, if priced somewhat reasonably, has sold in the first weekend on the market. Inventory (the amount of homes for sale at any given time) is low which limits the amount of transactions an agent can complete, but the ease of sale means less showings and time spent on each client. Traditionally, real estate agents would work with a seller of many weeks or months whereas now the relationship is easier and shorter than ever.