Most homeowners will put Key Largo real estate on the market when it’s convenient or when various circumstances dictate that it’s time to make a move. Few sellers think about how they can maximize their profits by carefully choosing the season when they will put their home on the market. Demand is higher during certain times of the year, and it can impact how much money you make when you list your home for sale. Before listing, learn about how the Key Largo real estate market changes throughout the year.
When is the best time of year to sell a home in Key Largo?
The answer to this question is complicated. Across the nation, late spring and early summer is usually the best time of year to put a home on the market. The return of tax refunds and the end of the school year lines up nicely with longer days and warmer temperatures. Most people prefer to shop for homes when the weather is nicer, which is precisely why the housing market in Florida is often busier during the winter months. People flock to Florida during November and December in hopes of escaping the snow and low temperatures elsewhere. While families are still more likely to shop for homes during summer break so that they won’t have to pull their children out of school in order to move, Key Largo homeowners can often make better profits when they put their homes on the market in October and November.
When is the worst time of year to sell a home in Key Largo?
The market usually slows down after the start of the new year in January. Homes may spend more days on the market than in other months throughout the year and sell for a lower average price. Perhaps one reason is that buyers are more motivated to shop for a home earlier in the winter because they are looking to get away from colder climates elsewhere. They may also want to enjoy various tax incentives that they can only qualify for if they complete their home purchase before the end of the year.
What is the best day of the week to put a home on the market?
Most people will usually answer this question in one of two ways. Some people feel that it’s better to put a home on the market earlier in the week, so that prospective buyers have plenty of time to make plans to attend an open house or schedule an in-person showing for the upcoming weekend. Others think that it’s smarter to put a home on the market during the weekend since many people won’t have time to check for new listings during the work week. You can give yourself the best chance of engaging with both crowds by putting your home on the market on Thursday. You’ll catch weeknight shoppers before the weekend comes, and you won’t fall too far down the list before weekend shoppers log in on Friday afternoon or Saturday evening to check for new listings.
What is the worst day of the week to put a home on the market?
Try to avoid listing a home on Sunday if you can. Sundays are popular days for open houses, and many serious shoppers will be busy seeing other properties. If they aren’t looking at homes, they may be spending time with family or preparing for the upcoming week. Even if someone did see your new listing on a Sunday, they would probably have to wait for the following weekend before they could take any action, such as scheduling a showing. This is why Monday also isn’t the ideal day to put a home on the market.
What time should I post my listing?
Because many people know that Thursday is a good day to list a home, the MLS and third-party listing sites often receive a massive influx of new listings first thing Thursday morning. The problem is that many shoppers don’t check for new homes until late afternoon or early evening when they get off work. The possibility exists that you could put your home on the market on Thursday morning and still be on the second page of recent listings by the time evening arrives. To avoid this problem, target 5 pm as the best time to make your listing live. You won’t miss many shoppers during the day, and you’ll have a better chance of appearing at the top of the list when evening comes around.
What can I do while I wait to sell my home?
Perhaps you’ve decided to wait until a better season to put your home on the market after reading this article. If you want to stay productive between now and then, you can make a few small upgrades that will improve your home’s ROI and give you a better chance of standing out on the market. This is also a good time to order a home inspection so that you can take care of any necessary repairs or maintenance. You don’t want to be surprised by anything that shows up on a buyer’s inspection report that could derail your sale or force you to accept a lower offer.
Who can help me sell my home?
If you have more questions about the best time of year to sell a home in Key Largo, reach out to Eric Woodward, and he will be happy to help you. Eric consistently ranks as one of the top-performing agents year after year. He understands the inner workings of the Key Largo real estate market, and he uses this knowledge to better position each of his clients for success when they are buying and selling homes. He would love for you to be the next person he serves.
*Header photo courtesy of Eric Woodward
