Feb
25

Want to Make Some Extra Cash? List Your Home on a Friday

February 25, 2013

Open House SignRecently, we reported on the best closing date for your real estate in Chicago. But, could there really be a ‘best’ time to list your home, too?

If you’d like some extra bucks in your pocket (and who wouldn’t?), list your home on a Friday. According to the Wall Street Journal, the savvy sellers who listed their homes on a Friday received 99 percent of their original asking price. If you need another great reason to list a home on a Friday, keep in mind that homes listed on the last day of the work week spent less amount of time on the market than homes listed on any other day.

Since Friday is all about optimism and proactivity, listing your home at the end of the week means you will attract a variety of eager buyers.

On the flip side, you might want to avoid listing your home on a Sunday. While it may seem like a great idea, given that Sunday is a day for rest and relaxation, it turns out that people aren’t using that day to search for new homes. Therefore, a home listed on a Sunday becomes ‘old news’ by the following weekend, and the average home listed on a Sunday spent 131 days on the market compared to 81 days for a home listed on a Friday.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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