Should You Sell Now or Wait Until Spring?

 If you’ve been wondering whether the chance to sell your home this year has passed, today’s message is for you. 

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A lot of homeowners have recently asked me whether now is a good time for them to list or if it would better for them to wait until spring. Well, given that our inventory (the number of homes available on the market) has dropped by 15.55% since last October, one thing is clear: The market is in need of more listings. So if you have been thinking of selling, doing so now would afford you the opportunity to enjoy low competition and high buyer demand. Waiting to sell until spring or summer would nullify this, as more homes hit the market during those times of year. And, as you probably know, high supply equals low demand, and low demand equals less money in your pocket.

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The bottom line is that it’s a great time to sell.

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Selling in the fall or winter also generally draws less foot traffic through your home. This may sound like a bad thing, but the truth is that handling a large number of showings can be quite the hassle. Having fewer buyers turning up to tour your home can actually work to your benefit, especially in light of the fact that buyers who are out looking for properties at this time of year tend to be much more serious than the “tire-kickers” that start to appear in the spring and summer. 

The bottom line is that it’s a great time to sell. If you have any other questions, would like more information, or would like to talk about your specific property, feel free to give us a call or send us an email. We look forward to hearing from you soon.