Best time to list your Beacon Hill condo?
Downtown Boston Real Estate Search for 2024
Best time to list your Beacon Hill condo?
Boston Beacon Hill condos for sale
The Best Time to List Your Boston condo for sale?
Are you thinking about listing your Boston Beacon Hill condo for sale? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your Beacon Hill condominium is just around the corner.
A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual year), and found the best week to put your house on the market this year is April 14-20:
“Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”
Here’s why this matters for you. While the spring market is a great time to sell no matter the week, this may be the peak sweet spot. And if you’ve been putting your plans on the back burner and waiting for the right time to act, this could be the nudge you need to make your move happen. As Hannah Jones, Senior Economic Research Analyst at Realtor.com explains:
“The third week of April brings the best combination of housing market factors for sellers. The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.”
But, if you want to get in on the action, you’ll need to move quickly and lean on the pros. Your local real estate agent is the perfect go-to when it comes to figuring out a plan to prep your Beacon Hill property and get it on the market.
They’ll be able to offer advice to balance your target listing date with what you need to do from a repair and renovation standpoint. And they can walk you through exactly how to prioritize your list so you know what to tackle first.
For example, if your house is already in good shape, you’ll be able to really focus in on the smaller things that are easy to do and make a big impact. As an article from Investopedia says:
“You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers.”
Here are some specific examples from that article:
Just remember, even if you’re not ready to list your home within the next couple of weeks, that’s okay. The window of opportunity doesn’t close when this week ends. Spring is the peak homebuying season and it’s still a seller’s market, so you’ll be in the driver’s seat all season long.
Beacon Hill Condos for Sale and the Bottom Line
Ready to get the ball rolling? Let’s connect and schedule a time to go over your next steps.
Peace be with you
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Best time to list your Beacon Hill condo?
If you’re thinking about selling your Beacon Hill condo this spring, it’s time to get moving – the best week to list your condominium is fast approaching.
Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:
“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”
If you’ve been waiting for the best time to sell, this is your chance. But remember, before you put your house on the market, you’ve got to get it ready. And if you haven’t started that process yet, you’ll need to move quickly. Here’s what you should keep in mind.
Work with a Beacon Hill Agent To Determine Which Updates To Make
Start by prioritizing which updates you’ll make. In February, realtor.com asked more than 1,200 recent or potential home sellers what updates they ended up making to their house before listing it (see graph below):
As you can see, the most common answers included landscaping and painting. Work with a trusted real estate agent to determine what projects make the most sense for your goals and local market.
If Possible, Plan To Have Your Beacon Hill condo Staged
Once you’ve made any necessary repairs and updates to your house, consider having it staged. According to the National Association of Realtors (NAR), 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. Additionally, almost half of buyers’ agents said home staging had an effect on most buyers’ view of the home in general. Homes that are staged typically sell faster and for a higher price because they help potential buyers more easily picture their new life in the house.
Beacon Hill Condos for Sale and the Bottom Line
Are you ready to sell this spring? Let’s connect to plan your next steps. You can start by making a checklist of what you think your house needs to get ready. Then, we can work together to prioritize your list and move forward together.
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Best time to list your Beacon Hill condo?
Timing can be everything when it comes to selling a Boston Beacon Hill condo. From which season you choose to list your home down to the month and even the day can impact how quickly your home can sell and for how much. So, if you’re considering listing your Boston condo for sale soon, and you are wondering when the best time to sell a house is, it’s important to consider which month may be the best time to list your home. Keep reading to learn the best time to sell a house for the quickest turnaround and the most money.
Boston condos listed in the spring sell faster and for more money
For Boston real estate sellers, spring is typically the best time to sell downtown Boston real estate. According to Redfin data, homes listed in March and April not only sell the fastest, but they also sell for the most money.
If we had to narrow it down to the best possible month to list your home, April reigns supreme. As you can see from the above chart, on average a home listed in April will sell 14 days faster and for $2,750 more than if the same home were listed in November. If April doesn’t work for your timeframe, March, and May are also excellent months to list your home.
There are many factors that play into why spring is the best time to list your Boston Beacon Hill condo for sale. The weather is nicer, giving buyers more incentive to begin touring homes. Flowers are beginning to bloom, enhancing your curb appeal. And homes are full of natural light, helping your spaces feel open, warm, and welcoming. April is also perfect timing for buyers who have children looking to move and settle in so they can enjoy summer with their family before the new school year begins.
Boston condos listed in the middle of the week sell for more money
In addition to listing your Beacon Hill condo for sale in the spring, homes listed on a Tuesday, Wednesday, or Thursday sells for $1,700 more than one listed on the weekend, and it sells nearly two days faster. Although the market is very competitive right now, homes will receive many views regardless of when they are listed, but sellers can increase their potential sale value or decrease the days their home sits on the market by listing midweek. When homes are listed in the middle of the week it gives potential buyers time to view the listing online, speak to their agent, and schedule a tour for the weekend. Home sellers can then typically review offers on Monday or Tuesday the following week.
Other factors to consider when selling your Beacon Hill Condo
The local housing market: Because of the current inventory shortage due to COVID-19, bidding wars between buyers are greater than ever before. Some homes are receiving dozens of offers and selling at lightning speed for well over their listing prices. High-end single-family homes are the most likely to encounter fierce competition. So, if you are planning on selling, now might be a perfect time.* Research your local Boston real estate market and talk to your agent to find out more information on how much homes are listing for in your area and how to accurately price yours to draw in the most offers, and maybe even incite a bidding war.
Your financial situation: It’s very important to look at your finances before deciding if now is the best time to sell a home. Buying a home is a big expenditure, and in our current market being pre-approved for a mortgage and making sure you have enough money for the downpayment on your next home is vital. Mortgage lenders will ask for your financial statements and look at your credit history before making a decision for pre-approval. If they think you’re a good candidate for a loan, they’ll decide the maximum amount they’re willing to lend you. Keep up on the current market conditions to find out if the market value of your current home is more or less than the remaining balance on your mortgage before making the decision to sell.
Boston Real Estate and the Bottom Line
If you are thinking of selling your home this year, the best time to put it on the market might be right now. Let’s get together to evaluate the demand for your Boston Beacon Hill condo in our market!
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