Profile picture for tomberquist

When is the best time of year, in a slow high inventory market, to list your house ?

In the Northeast, Is it better to be listed as early as possible with a lot of existing homes or to wait later in the year say April when the yard looks best and you might get some attention as a new listing?
  • December 18 2008 - Stratford
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Answers (9)

The best time is when you are ready to sell. You need to preview the other homes and see what you can do to make your house stand out. When the school year is ending and starting back up is usually the busiest time for the market. If the goverment does another incentive for 1st time home buyers that is a great time!
  • August 23 2011
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When inventory levels are at their lowest.
  • August 23 2011
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The best time to list a home for sale is usually spring depending on what part of the country you live in. More important than timing is list price and preparing the home to show.
  • August 17 2011
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Mid to Late March.  Right before taxes are due.  Many people who want to move begin looking around this time of year.  It also gives you the prime months to sell during spring and summer. 
If your home have been totally updated, fall and winter might be a possibility, but the number of people wanting to buy is greatly deminished.
Others who have posted are correct - pricing your home right is the key to selling it.  If it's too high, it doesn't matter when you list it... you'll have an uphill climb.
  • August 17 2011
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Tomberquist,

The best answer to your question is the best time to sell you home is when you are ready. Once you know that you have done all you can or can afford to do to get your home ready for sale,  It is then time to call in your local REALTOR and get a market analysis and a marketing plan.  The marketing plan should be based upon how quickly you want to move.  Listen to your REALTOR when pricing your home,  Everyone thinks that there home is worth more than it actually is.  A good REALTOR knows the local market and can price your home accordingly.

Remember if the price is lower than what you were expecting, the same thing is probably true about the house you are planning to buy to replace your current home.  If you are trading up the percentage is actually a greater savings on a more expensive property.  (15% OF $200k is $30K while 15% of $300K is $45K).

New listings that are priced correctly always attract attention.  And by the way, homes look lovely just after a snowfall! 

Get yourself ready and make your move!  Call me when you are ready!

Happy New Year!
  • December 29 2008
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You'll get attention as a new listing whenever you put you home on the market regardless of the time of year.  By waiting until spring you are going to increase the chance that you'll be doing so along with many others.

The key to getting your home sold is to have it priced to sell.  There are always buyers out there.  Have several local Realtors come to see your home, make recommendations as to what you need to do to get it ready to show to prospective buyers, and interview them about how they market their listings...agents do not offer the same quality or level of service so do your homework. Check out their websites to learn more about them and the companies they represent.

Good luck! 
  • December 21 2008
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Profile picture for RealtyScientist
This is from my real estate blog, I think it answers your question about selling during the holidays.

'Tis the season, and one might think the last thing on anyone's mind is to buy a house during the holidays. In fact, this is a great time to sell a home. Buyers tend to be more serious and have extra time to shop together this time of year.

Consider these benefits of keeping your home listed during the holiday season:

    * First and foremost, your house definitely isn't going to sell if it's not even listed. By leaving it on the market, you are likely to attract the motivated buyers who tend to house hunt during the holidays.

    * Buck convention. If everyone else takes their home off the market -- thereby reducing inventory -- but you leave yours on, there is a greater chance of a buyer viewing and purchasing your home.

    * Statistically,  average home sale prices tend to get a bump up during the winter months.

You can visit my Deerfield and Highland Park real estate website for more information. 
  • December 18 2008
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Homes sell all year round, even in a slow market. In order to sell, irregardless of time of year, your home needs to be priced appropriately, in impeccable condtion and have a desirable location. If your home is in great condition and priced competiitively it will sell.
  • December 18 2008
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hi
the present market is very volatile and uncertain. it is also a very unusual time in real estate as prices, mortgage rates and confidence are low. it might not be wise to try and go by past history at the moment. right now if you wait it is possible that the market, even with goverment action gets worse with more foreclosures that will put more homes on the market with lower prices as your potential competition.if the market gets better because of low rates and low prices then there will be loads of competition from the people that have been waiting to come onto the market to sell. in my experience real estate has always been about price and appeal. during the winter months there are still ways to make your home stand out from the rest. especially right now with the holiday decorations. with the best presentation, the right price and the right marketing you will always have the best chance of selling your home.
  • December 18 2008
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