Why You Shouldn’t Wait to List Your Home
Waiting until the spring to put your home on the market could only decrease the likelihood that it will sell. Find out why.
The biggest challenge in today’s real estate market is the lack of good sellable homes. In this market throughout 2017, any home that has been aggressively marketed by a professional Realtor and priced in the right market value range has been selling within the first two to four weeks, often with multiple offers on each. This has had the effect of increasing the top price even further, which is very exciting.
Right now, that situation is even more critical. To quote Freddie Mac’s Chief Economist Sean Becketti, “House prices today are higher than they were at the peak of the summer of 2006. Near record-low mortgage rates have boosted housing demand, and sales volume is robust.”
So think about it: A very common, yet very inaccurate assumption is that now is the time to take your home off the market and wait until spring to list.
“Now is the time to take advantage of the already rich real estate market.“
Au contraire, now is the time to take advantage of the already rich real estate market, and the fact there is still a very strong pool of buyers in this market. Right now, you can absolutely take advantage of the sellers who don’t see this information and decide to wait until spring, where they’ll compete with hundreds of other sellers for homes like yours.
According to a quote from Lawrence Yun, the National Association of Realtors’ chief economist, “Listings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines.”
So you see, according to the experts—and myself, with nearly 30 years of experience of professionally helping sellers sell and buyers buy—you can put more money in your pocket now than if you wait until those buyers that are on the sidelines have many more choices than just your home.
If you have any more questions about selling during the upcoming holiday season, don’t hesitate to reach out to me. I’d love to help you.