WSJ ~ Time to Sell Your Home? Feb 23, 2013.
Wall Street Journal Weekend edition had a great article “Is It Safe to Sell Your House Now?” and it states that home prices nationally are up 8.3% in December compared to the same time last year.
It is important to factor in your local real estate market and recent sales when you are figuring out your asking price and even though prices are up they are still about 27% below their 2006 highs (nationwide average). Currently the number of homes for sale is at its lowest level since December 1999 according to the National Association of Realtors with average days on the market for homes in January at 71 down from 99 days one year ago.
Depending on your real estate market trends, on average buyers search activity generally peak in March and April while sellers listings peak in July according to real estate website Trulia.com
It is important to use a local professional real estate agent to help guide you along the process and explain your regional market. For buyers and sellers there are more tips in the WSJ article that deals with:
- Interview multiple agents.
- Adjust your sights to today’s market
- Make the Internet work for you.
- Weighing multiple offers.
- Plan ahead for the appraisal.
David Popoff is a certified “Green” Realtor with William Pitt Sotheby’s in lower Fairfield County, Connecticut and associate of
DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.
Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.