When Looking To Sell Your House, This Trick Can Help You List It For A Higher Price
If you’ve decided it’s time to trade home-sweet-home for a sweet deal, you’re probably in the market for a selling tip that could help you reap the best price for your abode. According to real estate brokerage firm Redfin, even a small amount of strategic planning – like which days of the week to list your home – might help you sell your home faster and for a higher price.
What A Difference A Day Makes
Listing your home on certain days of the week can make a difference when it comes to how much you’ll make on the sale. Redfin found that a typical house listed on a Tuesday, Wednesday, or Thursday sells for an average $1,700 more than properties listed on other days of the week.
According to Daryl Fairweather, Redfin’s chief economist, “…sellers can…maximize their potential profit simply by listing in the middle of the week, which gives potential buyers a few days to see the home, talk to their agent and set up a showing for Saturday or Sunday.”
Don’t Be Working For The Weekend
Listing a home on a Friday or Saturday could land your house smack in the middle of multiple other showings around the same time and in the same neighborhood. Increased competition lessens the chance of your house standing out from the crowd and going for the asking or above-asking price.
List the house on a Sunday or Monday, and you’re essentially allowing any potential buyers a full week to consider whether they want to view your home on the weekend, or if they would rather view competing properties. And there’s always the possibility that would-be buyers could find their interest in your home waning before the weekend open house arrives.
Depending on where you live, midweek listings can net more cash than weekend listings.
Some examples of average midweek listing dollar gains include:
- Minneapolis, Minnesota: $400
- Kansas City, Missouri: $400
- Oakland, California: over $3,000
- Denver, Colorado: over $3,000
- Newark, New Jersey: $4,000
- Seattle, Washington: $4,000
- Boston, Massachusetts: $7,100
Aim for Midweek
In addition, homes listed from Tuesday to Thursday sell almost two days faster than those listed on the weekend, which is good to know especially if you’re in a hurry to sell.
Even in a hot market, it’s a good idea to list your home at the right price from the get-go in order to maximize its viewability. A Redfin survey found that listings get 64% more views the first day they hit the market than they do the day after a price drop.
“The goal is to get as many serious buyers as possible to tour your home, make offers and drive up the sale price,” says Fairweather.
All of which means that the way to get your home sold faster, easier, and for more money is as clear as day.