As I work with sellers to help them create custom sales and marketing strategies for their properties, I am often asked this question - 'We heard that spring is the best time to sell a property, should we wait until then to put our home on the market?' The notion that spring is the best time to sell a property is FALSE! The best time to sell a property depends on many factors, most importantly the individual characteristics of the property and how those relate to a specific market in a given neighborhood. While it is TRUE that more houses sell in spring than winter, seasonal volume has no consistent relationship to either days on market, or sold price, the two largest factors in the 'best time to sell' equation. With larger numbers of spring buyers come larger numbers of spring sellers - keeping the supply and demand ratio realtively equal to lower numbers of winter buyers and sellers. Spring may be the EASIEST time to put your house on the market, but not necessarily the BEST time. Important factors to consider when determing the best time to put your house on the market are those specifically related to your property; Does your house have a stronger interior or exterior? Does your lanscaping add or subtract value to your property? Are there unique features of your home that will show increasingly better with more listing competiton, or would your home benefit when compared to a lighter volume of listing inventory? These are just of few of the property and market specific questions to consider when determining the best time to sell your home.
Blog Archive2017-04-14 15:04:33
Market Matters Volume 9
Leaning into our Red Giant, A Solar Extravaganza
Sales, Credit, Santa and Sledding
Year End Real Estate Update - The Market's Back!
Wasatch Hollow Community Video Update
Interest Rate & Housing Affordability
Airport Trax Line To Be Complete Late 2012
Volume Up/Suppy Down = Price Recovery Recipe
Eightline Real Estate Closes New Retail Space