Q. What Is The Best Time Of Year To Sell My Home?
A. A common belief is that spring is the best time to sell your home. After all, the lawn is green, flowers are in bloom, and most homes show well in full sunlight. Even though many buyers may be out in the good weather, you should consider some other factors.
Sellers thrive when there is less competition from other comparable listings. When there are fewer homes for sale in your price range, then buyers have fewer choices. In many cases, the buyer will compromise and purchase a home that doesn’t quite meet their exact specifications. This will work in your favor.
Consider listing your home from middle to late winter. This can be a great time to sell, especially if interest rates are low. Normally the inventory of homes for sale goes down substantially in December as people get wrapped up in holiday preparations. Sellers who list their homes in January and February often find the market wide-open with little competition.
Even though a lot of competition isn’t great for the seller(s), a little competition doesn’t hurt either. The buyer will have a chance to comparison shop in a field of homes of similar price range. It may be much easier for buyers to make a firm decision in your favor after they have viewed several other homes that didn’t measure up to the price, value, and specifications of your home.
It’s also useful to track how many homes similar to yours have come on the market in your area. Make a simple spreadsheet and plot out listings for the past week, the past month, and maybe a three-month span for a thorough look. This will give you a healthy “reality check” about your competition in the market. If you are considering selling your home and would like this analysis done for you, please call me at 713-822-8555.
Whether you are considering selling or purchasing a home you should always use the services of a full-time, professional Realtor. As your real estate professional I am able to answer your questions about the home selling and buying process. I would love to be your Realtor, give me a call at 713-822-8555 or email anytime to Pamela@SellingHomesInHouston.com.
Pamela Efferson, Broker Associate – Realtor
ASR, CNE, CSR, GRI, HRC, SRES
Member HAR, NAR, TAR, WCR
PAMELA EFFERSON PROPERTIES
Keller Williams Metropolitan
Phone: (713) 822-8555