Dear TZ,
We're ready to move out of our home into a retirement community. Some people told us that summer is the worst time to sell a house, and we're afraid that all of the buyers will be away on vacation. Should we wait for fall? Does the season of the year matter?
Suzie and Bill Snowbird
Dear Suzie and Bill,
While the "spring rush" is a real thing, the truth is that there are buyers buying houses all year round. There could also be financial benefits to NOT waiting to sell.
While the market appears to be "nearing" the bottom, we're not really there yet, so by waiting the market will continue to soften and chances are you will not sell your home for as much you could by listing TODAY!
The pool of buyers is less in the summer months, but that pool may only be 10% less than in the "spring rush". So if you price your home competitively it will sell at ANY time in the year.
You may want to consider getting a pre-appraisal and listing your home BELOW the appraised value. By doing this you'll most likely create huge excitement amongst the buyers and in many cases a bidding war can occur. Usually with a bidding war, the home will sell ABOVE list price.
So don't hesitate, get on the market NOW!
- Wayne and Jean
Please note that all information is reliable but not guaranteed. Please consult with your Real Estate professional before making any Real Estate decisions.
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