Selling a home is a significant financial decision for most homeowners, and they understandably want to get the highest price possible for their property. However, many sellers are unaware that the first 30 days of real estate are critical for selling their home at the best price possible. According to the National Association of Realtors (NAR), homes that sell within the first month on the market typically sell for the highest price.
One of the main reasons why the first 30 days are so important is because of the level of interest and attention a new listing receives from potential buyers. During the first few weeks, a listing is likely to generate the most activity, as buyers who have been searching for a home for some time tend to be more eager to jump on a new opportunity. Additionally, buyers who have already been tracking the market are likely to see a new listing as soon as it becomes available and may even attend the first open house.
Moreover, buyers may perceive a home that has been on the market for an extended period as undesirable or problematic, even if there is nothing wrong with the property. As a result, a seller may end up reducing the price or making other concessions to get the home sold. In contrast, homes that sell quickly sell for a higher asking price than homes that sit for long periods on the market.
Furthermore, it is essential to price the home appropriately from the start to attract the right buyers and generate interest. Overpriced homes are likely to sit on the market longer, while underpriced homes may sell quickly but could leave money on the table. Real estate agents can provide a Comparative Market Analysis (CMA) to help sellers determine the appropriate listing price based on the current market conditions and the property’s features.
Finally, it is essential to ensure that the home is in excellent condition, staged appropriately, and marketed effectively to attract potential buyers. Professional photos, virtual tours, and video tours can help showcase the property’s features and generate interest from buyers who may not be able to attend an open house in person.
In summary, the first 30 days of a real estate listing are crucial for selling a home at the highest price. Homes that sell quickly are often perceived as more desirable and tend to sell for the asking price or even above it. Working with a skilled real estate agent like Damian and Danielles Sedona Village Real Estate Group, pricing the home appropriately, and ensuring it is in excellent condition can increase the chances of selling the home quickly and for the best price possible.
Photo Credit: By Marine 69-71 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=81223990