In areas which cater to families with school age children, it’s important to time the listing of your home appropriately. The basic rule is that you need to get it on the market in time for buyers to close, get moved, and settle in prior to the start of the school year. Often sellers list their homes too late, and they miss the real estate market for buyers with kids.
Let’s take The Glen as an example. The Glen is an upscale housing and retail development on the former grounds of Naval Air Station Glenview in Glenview Illinois. It is home to a couple of thousand luxury homes of various types, including single family homes, townhomes, row homes, duplexes, condos, and two-flats. Prices in the Glen range from the high $300,000s to over $2 million.
Children in the Glen attend District 34 elementary and middle schools, including Westbrook Elementary School, Glen Grove Elementary School, and Attea Middle School. For high school they attend Glenbrook South High School in District 225. Naturally, there are wonderful private schools available in the area as well, but for purposes of this exercise let’s look at the public school calendar. From there, we will work backward to determine the best time to list your home.
The first day of District 34 schools for next school year will be August 23; for District 225, it will be August 25. If we assume a family would like to get their kids settled in their new neighborhoods to make friends two or three weeks before school starts, we’re looking at a move-in date of around the first of August. Prior to moving in, we can assume a time on market of a month or two…so to be safe, let’s say two months. After the agreement is signed, there is usually a 45 to 60 day period before closing. So, doing the math we find that getting a home on the market would be best to occur by early-April.
This means that home sellers in the Glen who wish to attract families with children should be moving rather rapidly to get their home ready to be listed. You need to find your Realtor and get your home prepared for showing. There’s really not a lot of time to spare.
I am an award-winning realtor who lives in and sells extensively in The Glen. If you are interested in selling, buying or renting in the Glen (or greater Glenview), please contact me right away.
Margaret Ludemann, @properties Realtor