One of the most commonly asked questions a homeowner has is "When is a good time to sell?" The real question you need to answer for yourself is WHY you want to sell. The motivation behind the move is truly what determines a "GOOD" time. Market conditions are based largely on supply and demand. If you find yourself in a buyer's market, the seller is somewhat at a disadvantage as there is a lot of competition to contend with. However, condition and pricing of the property will determine where the property ranks among the competition. The goal is to be on top.
Seasonality affects selling as well. Selling in the Spring is considered a good time since properties tend to look their best when flowers are in bloom and the weather is prime. Many buyers come out of hibernation as they prepare to get their children settled before the new school year begins, or as the current school year ends. The draw back to this time of year is that they competition increases as well. Many of the buyers do not feel the same sense of urgency in the spring as they do in the fall or winter. In the winter, there are fewer homes on the market and the buyers tend to be much more serious. Keep in mind that the price of a home is determined by today's market conditions and pricing your home accordingly will get you the most buyer traffic and interest.
The bottom line is that you can consider all of the factors above, but the time to sell is when it is "right for you". There are relocation reasons, financial reasons, etc. It is important that you really weigh the pros and cons to determine that "just right" time. Working with a Realtor to discuss all the factors involved is a great way to get a clear picture both financially and personally so that you make a well educated decision.
The professionals at the Home Shoppe are always available to provide you with all of the data you need to make a great decision. Call at 732-927-1515 to schedule a FREE private consultation.
Seasonality affects selling as well. Selling in the Spring is considered a good time since properties tend to look their best when flowers are in bloom and the weather is prime. Many buyers come out of hibernation as they prepare to get their children settled before the new school year begins, or as the current school year ends. The draw back to this time of year is that they competition increases as well. Many of the buyers do not feel the same sense of urgency in the spring as they do in the fall or winter. In the winter, there are fewer homes on the market and the buyers tend to be much more serious. Keep in mind that the price of a home is determined by today's market conditions and pricing your home accordingly will get you the most buyer traffic and interest.
The bottom line is that you can consider all of the factors above, but the time to sell is when it is "right for you". There are relocation reasons, financial reasons, etc. It is important that you really weigh the pros and cons to determine that "just right" time. Working with a Realtor to discuss all the factors involved is a great way to get a clear picture both financially and personally so that you make a well educated decision.
The professionals at the Home Shoppe are always available to provide you with all of the data you need to make a great decision. Call at 732-927-1515 to schedule a FREE private consultation.