When is the best time to sell your home? Most people think that the best time of year to sell is in the spring or summer, but that is not necessarily true for all markets.
If you are trying to figure out when to sell your home, there are a few things you should consider:
- What are your neighbors doing? If all of your neighbors are waiting until spring to put your home on the market, that means your competition will go up in the spring. Generally, when competition goes up, home prices tend to go down.
- Pay attention to pricing and positioning. Make sure you price and position your home properly in the market. As far as positioning, it can be beneficial to be on the market when most of your neighbors are not. You should also make sure that your home is priced competitively for the market.
- What kind of home are you selling? Are you selling a condo, a single-family home, or a townhome? Depending on what kind of property you are selling, you will be working to attract a different kind of buyer.
If you are selling a condo or townhome, your buyer may be young and single, or married with kids that are too young to be in school. These buyers move when their leases are up, when they save enough money, or when interest rates are low enough that they can afford the property. As you can see, part of putting your home on the market is considering the buyer’s profile. You need to understand your ideal buyer and when they will be able to move.
So, when you’re thinking about the best time to sell your home, don’t just focus on the season. There are plenty of other factors to pay attention to. In other news, We recently moved our office right in the middle of Lake Ridge, and we are excited to be here. We have even heard some rumblings that HGTV is filming in the area! We’ll go into more detail on that later. If you have any questions about preparing your home for the market or about real estate in general, give us a call or send us an email.
