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October 18th, 2011

Want to sell your home fast? List it on a Friday

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Fran Images--SoldThe last few years have been a buyer’s market, not a seller’s market. Falling home prices and strict lending conditions have left many sellers unable to find qualified borrowers willing to pay top dollar. 

Sellers need to do everything they can these days, from making the proper repairs, to hiring a home stager, to deciding which day of the week to debut their home listing.

Wait, what’s that? You’ve never heard about that last part?

As it turns out, home sellers can help their cause by debuting their property on a specific day of the week.

According to recent analysis from Redfin.com, sellers who debut their home listing on a Friday stand the best chance at gaining the greatest amount of exposure and receiving offers closest to their asking price.

What makes Friday so special?

It’s because most potential homebuyers tour homes over the weekend. “Saturday and Sunday have 2.5x as many tours per day than Monday to Friday,” according to Redfin.

As potential buyers are scouting homes to look at over the weekend, it stands to reason that buyers start with the latest listings, trying to snag a great deal before any other borrowers see the property.

“These factors put homes listed on Friday in front of more touring buyers on the weekend (which our touring data bears out),” said Redfin. “More tours leads to more offers, and more offers leads to a better price and a better chance of selling.”

Last week, HSH.com contributing writer Lynnette Khalfani-Cox explained how to sell your home in 24 hours. She discussed four strategies to help you get your home on and off the market in just one day. Now, it seems that there’s a fifth strategy: debut your home listing on a Friday.

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4 Responses to “Want to sell your home fast? List it on a Friday”

  1. How to sell your home in 24 hours | Sell My House Fast Aiken Augusta CSRA Says: October 21st, 2011 at 2:44 am

    [...] Want to sell your home fast? List it on a Friday “More tours leads to more offers, and more offers leads to a better price and a better chance of selling.” Last week, HSH.com contributing writer Lynnette Khalfani-Cox explained how to sell your home in 24 hours. She discussed four strategies to help … Read more on HSH Financial Publishers (blog) [...]

  2. Latest Selling Your House Fast News | Sell My House Fast Aiken Augusta CSRA Says: October 21st, 2011 at 12:43 pm

    [...] Want to sell your home fast? List it on a Friday “More tours leads to more offers, and more offers leads to a better price and a better chance of selling.” Last week, HSH.com contributing writer Lynnette Khalfani-Cox explained how to sell your home in 24 hours. She discussed four strategies to help … Read more on HSH Financial Publishers (blog) [...]

  3. Want to Sell Your Home Fast? List It on a Friday | The Fashion Show Says: November 9th, 2011 at 10:18 pm

    [...] Want to sell your home fast? List it on a Friday [...]

  4. Cathy Says: April 27th, 2012 at 8:32 am

    Very interesting.

    It stands to reason as you get the most home buyers when you first list your home for sale.

    Very good advice for those folks that need to sell their house fast – more views obviously increases your potential for more offers – maybe even the elusive cash buyer.

    Great idea – thanks much!

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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