Should You List Your Home for Sale in November?

By
Real Estate Agent with Compass CA DRE# 01215160

Potential sellers often ask if it's wise to list their home for sale in November. The answer, of course, is "it depends."

It depends on your  motivation: Have you found your dream replacement home? Have you made plans to relocate out of the area? Do you have financial reasons that make a sale in the current year desirable?

It also likely depends on where you live.

If your home is anywhere in San Francisco, San Mateo County or the Silicon Valley, rest assured that buyers are out there, looking for property. That's true even over the Thanksgiving Day weekend. I'm taking one set of buyers to see homes in Willow Glen in San Jose today; another set of buyers to Redwood City tomorrow. Buyers are making appointment to see a listing of mine in Pacifica. Offers--most likely multiple offers--are expected on Sunday.

Here's one example of the time-line for a small house in South San Francisco which I listed in November:

  • 29 Greenwood SSFNovember 1 - signed listing agreement
  • November 3 - entered listing into both San Francisco and San Mateo County multiple listing services
  • November 8 and November 9 - held open houses each afternoon
  • November 11 - received 4 offers; accepted one, put another into a back-up position
  • November 18 -- buyer removed property and financing contingencies
  • November 24 - seller signed off at title company; gave instructions to have proceeds of sale wired to his bank at closing
  • November 25 - buyer removed final contingency
  • December 2 -- sale should record as planned.

The seller is now able to close on his replacement property purchase; the first-time buyers will be settled into their own home in time for the holidays and to welcome in the new year.

Not every transaction moves as quickly as this one did, nor should they, but this was the perfect scenario for this particular seller. He's certainly glad he listed his home for sale in November.

Only you can decide when it's the right time for you to sell, but in our area, there's no bad time. If you'd like to talk about your needs, wishes, fears or concerns, give me a call and we'll brainstorm to find the right solution for you.

 

 

Comments (12)

Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Lottie, Motivation is essential for successful transactions.  I've shown property to Buyers on December 24, 2014.  In our area ... things move quickly. That means buyers need to move quickly and sellers need to provide access during the holiday seasons.

Nov 29, 2014 03:37 AM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Lottie Kendall ~ there are buyers ready and willing to buy, so hopefully sellers are ready to accommodate them

Nov 29, 2014 03:37 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

The best time to sell is when you need to sell...if the time is right for you, it's the right time!

Nov 29, 2014 06:00 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Yes, Kathleen Daniels - and I wouldn't be surprised if that happens again this December 24. I've listed and shown property on New Year's Day, and busy this "holiday" weekend.

Jon Kolsky - we need more inventory for the many willing, ready and able buyers in our area. I received a contact just this afternoon that another buyer has accepted a job offer here; I'll be showing them properties on 12/13 & 12/14.

You've definitely got that right, Sharon Tara - first a seller needs to understand their "why" and then the rest can fall into place.

Nov 29, 2014 10:32 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Lottie - It depends is a good answer.  With the right motivation, homes sell all year long!

Nov 29, 2014 11:46 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

The answer lies in what goals the seller has, right Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com I hope you're enjoying a lovely holiday weekend. Any fresh snow?

Nov 29, 2014 11:49 AM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Lottie Kendall.  I can only speak for my area, and it seems as if the real estate market is staying very strong. Our problem is the shortage of good, qualified inventory.

Nov 29, 2014 06:31 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Michael - seems like our areas share the same issue.

Nov 29, 2014 06:47 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lottie, I listed a home a couple of weeks ago, on the market only one week.  Buyers are still out and we need inventory!   December is still a great month to list a home.   

Dec 01, 2014 11:12 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Joan Cox - congratulations on getting your listing sold. The two I put on the market in November are both under contract, both set to close in December. My buyers are still struggling with multiple offers.

Dec 01, 2014 02:12 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

You are so right, Lottie. With no seasons to contend with the time to sell is when you are ready. There are always buyers out there in a sellers' market like now. Although today might have knocked tbe bloom off the rose with all this rain.

Dec 02, 2014 08:10 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hello, Jane Peters - we had quite the rain storm, too. Although it played havoc on the roads, I'm happy to see it. I'm working with several buyers now who desperately want to find a home before the year's end. We'll try!!

Dec 02, 2014 01:30 PM