Thinking of trading up or downsizing in Palm Springs?
Guess what? The rules you think you learned about the best time to sell real estate do not apply in Palm Springs. At least not all the time.
The decision is a complex one, especially considering the unpredictable economic environment we are 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
The traditional thinking on 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. But guess what? In Palm Springs, this is prime season for visitors and there are serious buyers looking at homes now, although there will be a lull right around Christmas and New Years.
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. In Palm Springs, we have a Broker’s Open Houses every Wednesday for properties brand-new to the market. Whether you list immediately before that to maximize exposure to other agents or immediately after to capitalize on being fresh for a public open house is a discussion we will have when we’re preparing your listing agreement.
Call or text me to find out more about how to prepare your home to sell and how best to schedule your listing.