Home Selling

The First Week of April Might Be the Perfect Time to List Your Home

As a potential seller, you might find yourself agonizing over a simple, but important, decision: when should you put your home on the market? According to a new report by Realtor.com, the answer to this question might be just around the corner! After examining data from the 50 largest real estate markets in the nation over the past three years, the report concluded that the week of March 31 through April 6 was the best time to list your home. Keep reading to learn why Realtor.com thinks this might be the perfect time to put your home on the market!

Study Shows FSBO Results in Significantly Lower Sale Price

If you've ever sold a home, chances are good that you thought about doing it yourself. For Sale By Owner (FSBO) lures in home sellers with promises of paying no commission and not dealing with an agent, but it also comes with important disadvantages. In fact, a study from 2017 found that homes sold without an agent do so at a significantly lower price on average, meaning that these owners ended up avoiding a commission at any cost (even if it meant losing money)!

Average Home Sale Profit Hit a 12-Year High in 2018

It had been more than a decade since U.S. home sellers netted a greater profit than they did in 2018, according to ATTOM Data Solutions' Year-End U.S. Home Sales Report. The average home sale last year gained a massive $61,000 since purchase, good for a 32.6% return on investment; both of those amounts were the largest since 2006. That year, homes sold for a net gain of $68,000, or 43.3% ROI, on average. By comparison, 2017's home sellers saw profits of only $50,000 (27% ROI).