A bold statement? Yes. Any truth behind it? Possibly.
According to American property search engine Zillow, there is a ‘right time’ and a ‘wrong time’ to both sell and buy a property. The list of ‘rules’ could appear quite fascist, reading them could put you in a nervous sweat if you were waiting to hear back on that offer you placed on a, god forbid, Friday evening. But having had a good read there definitely seems to be some logic behind it all.
So when should you list your property for sale?
If you can charm your agent in to listing your property first thing on a Thursday morning then you’ll have done good. Why? Because it means it will be one of the freshest properties on the market when the weekend comes around, the most popular time for viewings. And fresh properties are a lot more likely to attract a full-price offer.
And when should you make an offer?
Well the ideal time according to Zillow, is on the morning of the first Tuesday of the month. Now this is unlikely to always be practical, especially if you just found your ideal home on the first Wednesday of the month! But apparently it is the best time. Why? Because the seller will have just made another mortgage payment and will be keener than ever to be rid of what was once ‘home sweet home’. And picking Tuesday to make your offer is ideal because by then all the offers from the weekend viewings should have come in. Yours might look like the best they’re gonna get.
And when would only a complete fool put in an offer?
Friday or Saturday evening, which is also when most offers are written! Even if you were to make an offer of the full asking price, the sellers are still likely to see if any better offers come in over the weekend.
So perhaps there is some logic behind the whole thing, it certainly makes sense to me. But when you find *that* house and you’ve mentally arranged all the furniture, I can’t imagine you’d happily wait to make a strategically timed offer. You’d be tearing you hair out thinking someone's going to pip you to the post.
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