Times are changing and you’re thinking about moving the family into a new home. But before you start searching for your next dream home, you’ll need to figure out when you’re going to sell your existing home. The decision is a complex one, especially considering the unpredictable economic environment you’re living in. And while there’s no magic formula for determining the best time to sell a home, there are several factors you should consider.

The wrong time to sell
This likely won’t come as a big surprise: you should avoid selling your home during the winter holiday season. Tensions run high during the holidays and budgets run low. The result? No one’s really itching to buy, and offers that do come in are often low. So as a general rule of thumb, avoid the months of December and January when selling a home.

The best season for selling
Conventional wisdom dictates that spring is the best time to sell a home. In spring, the holidays have past, the new school year is still a while away, and gardens and other outdoor spaces tend to look their best. And while spring is the season that sees the largest amount of buyers, it’s also the season when inventories are highest. This means lots of competition, so if you’re going to sell in spring, you really need to get your property to stand out with effective marketing and staging.

The best day for selling According to research, Thursday is the best day of the week to list your home for sale. By listing your home for sale on a Thursday, you can make it available immediately for weekend showings. Come Saturday – the busiest day for real estate – your home will have only been on sale for two days, which is great for attracting full-price offers. In general, the shorter amount of time your home remains on the market, the higher the offer you’ll receive.

 

What to expect when you decide to sell your house.

1. Pick a Realtor that you can trust. Your Realtor will advise you throughout the entire process. Having trust in the Realtors expertise and adhering to their suggestions will make the transaction run smooth.

2. Sign a “Listing Agreement”. This is the contract between you and your Realtor and their office. 

3. The property will be added to the MLS (multiple listing system), and every syndicated website.

4. Showings will be scheduled with potential buyers. Not all showings come with a guaranteed buyer. Not all showing come to fruition. Some showing will be cancelled in advance and some will be cancelled with very little notice to the Sellers. However, your Realtor will do their best to get qualified showing to the best of their abilities. 

5. An offer will be submitted to your Realtor. The Realtor will gather all of the pertaining information and present you the offer and advise you through it. Do Not be insulted by an offer… an offer is just a negotiating opportunity. It may take going back-and-forth with the potential Buyer before coming to an agreement.  Once the offer is accepted, it is consider Bilateral, meaning both parties are in agreement and under contract.

6. Home, termite and pool inspections (as needed) will be scheduled by the Buyers Realtor at Buyers expense. 

7. The Buyers lender will schedule an appraisal at the Buyers expense.

8. The Sellers title office or attorney will perform a title search and prepare documents for closing. Closing is then scheduled…

 

Congratulations on your sale…

 

Selling Palm Coast One Property at a Time…