Are you ready to sell your home in Illinois, but you’re not sure if you know the best time to do it? Having the flexibility to choose is an excellent position to be in, of course, but you want to make sure you do the right thing.
There are pros and cons to any time you sell a home, but there are definitely times of year that are easier and faster to sell than others. Seasonal fluctuations make a big difference, although the impact depends on your exact market.
The best way to find the optimal time to sell your home in your specific Illinois market is to work with a high-quality local seller’s agent. They can help you understand the exact time, this year, that will work best for you.
Here’s what you need to know about the best time to sell a home in Illinois.
Best Time to Sell in Illinois
Throughout the Midwestern U.S., you’re going to have the best luck trying to sell your home when the weather is better. Winter can be incredibly harsh, and few sellers enjoy trekking around to view homes in the cold and bad weather.
Throughout the Midwest, spring and summer are the best times to list a home, but in Illinois, in particular, you want to list in May and try to close in June. Throughout the state, you’ll get a lot more profit if you are able to finish the sale in May or June.
One reason these are the best times is that you’ll see the fewest days on the market. Once you decide to sell, you want the process to go quickly. You’ll also get a higher price during these times.
Key Factors That Help Illinois Homes Sell Faster
What does it take to help your home sell quickly? You definitely want to sell at the right time, but there are other factors as well. Here are three things to keep in mind.
1. Curb Appeal. The first thing someone sees when they come up to your home is how it looks from the curb. Is the yard nicely kept? Are trees and bushes trimmed? Taking the time to make sure your home looks great outside is just as important as making sure it looks good inside. Don’t overlook curb appeal when it comes to selling your home.
2. A Neutral Interior. Many homesellers are reluctant to put their own knick-knacks away and cut back on the personalization they’ve created in their house. After all, that’s what makes it feel like home. However, when you decide to sell it, you need it not to feel like your home anymore – it should feel like the buyer’s home. Repaint and declutter to create a neutral feel inside.
3. Price. You might think that if you want your home to move quickly, you want to list at the lowest possible price. Wrong! In fact, if your home is too inexpensive, high-quality buyers will assume something is wrong with it. Of course, you don’t want to price too high for the market, either. A real estate agent can help you find the right price for your property and area.
Three Tips for Maximizing Your Profits When Selling a Home in Illinois
When you get ready to sell your home, you want to take steps to maximize your profit. You’ll be surprised what small steps you can take that make a big difference.
Consider Your Specific Market
What types of people like to buy in the area you live? Is it generally professionals, families, or young couples? You want to target the marketing to those individuals. Also, be sure that your home has high-quality heating and air conditioning since the climate extremes in the Midwest can be significant.
You’ll want to get a competitive market analysis (CMA) to ensure that the price you’ve chosen is appropriate for your specific area. A CMA allows you to set the price well based on current market conditions and the performance of similar properties in the area.
Learn More: Understanding a Comparative Market Analysis
Make Impactful Repairs and Renovations
While there’s no end to the repairs you can make before you sell your home, you want to focus your budget and time carefully. Focus on the repairs that add the most value to a home before you sell. Some renovations return significantly more than they cost!
Taking steps to improve the kitchen and bathrooms will add the most value. Consider things you can do that add a big wow without a big cost, like a new coat of paint, new hardware, or additional lights. Also, take the time to landscape and trim plants.
Learn More: 6 High-Value, Low-Cost Repairs for Home Sellers
Find a Great Real Estate Agent
Working with a real estate agent will help you maximize the amount you get for your home. Not only will your price be set correctly, but you won’t be taken advantage of by deal-seekers that target For Sale By Owner homes.
A full-service real estate agent will also take care of the marketing, screen out those who aren’t serious about buying, and negotiate with buyer’s agents. You can also count on them to handle the paperwork and to have professionals you can work with for title reviews and more.
Having an excellent agent doesn’t have to mean breaking the bank. When you work with a Clever Partner Agent, you can pay a flat fee of $3,000 or 1% of the price if the home sells over $350,000. As a result, you can get all the services you need without taking a big chunk of money out of your own pocket.
Next Steps to Sell Your Home in Illinois
Are you ready to move forward with the sale of your Illinois home? If so, it’s easy to do. All you need to do is fill out the form online and a representative from Clever will be in touch. We’ll answer all your questions and help you connect with a local Partner Agent for a no-obligation consultation.
Let’s get started today!