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WHEN’S THE BEST TIME TO SELL YOUR RICHMOND VA. HOME

Real Estate Agent with Keller Williams Richmond West

March 08, 2016 05:22 AM

Let’s take a look at our buyer market first. There are many reasons why a buyer might want or need to purchase a new home. But there are really only two main TYPES of buyers; those who CHOOSE to move or those who HAVE TO move.

CHOOSE TO Buyers

Newlyweds or recently engaged couples
Empty Nesters who want to down size
Recently divorced couples
Young adults who can now afford to move out on their own
Growing families who want to find a larger home
Renters who decide it’s time to be homeowners
Seniors who decide they no longer want to maintain a large home
Parents who want a better school system for their children
Commuter who wants to be closer to work

HAVE TO Buyers

A renter is told his home has been sold and he needs to move out
A company closed its doors and the buyer’s new job is in another city or state
Natural disaster, such as fire or flooding, destroyed their existing home
A medical situation requires one floor living and the current home is 2 stories

A company relocates its office to another town and the commute is too far
Financial difficulties require them to sell or lose their home
Mom or dad needs someone close by due to sudden medical issues

The “HAVE TO” buyers start their searches when the necessity requires them to. This can be at any time of the year. They do not make the choice, the choice is made for them. Buyers in this category come to the market all year long. However, if you list during the off season you have a greater change of this buyer finding you and your home.

There are other advantages of listing your home in the off season. You’ll have less competition with inventory being lower. You may get a better price for your property than when there are abundant homes for sale in the area you live. The buyers who are looking to purchase a home during this time are typically more serious and tend to make stronger offers, especially those in the “HAVE TO” group.

The majority of the “CHOOSE TO” buyers looking for a home will do so during the “good weather” seasons of late spring through early fall. Especially buyers with school age children who want to find, purchase, and move into a new home before the new school session starts. Statistics say 60% of all home sales occur during the summer months. With all the competition out there however, home sales may be up, but selling prices may be down.

The answer to the question; WHEN’S THE BEST TIME TO SELL YOUR RICHMOND

VA. HOME is –ANY TIME!

While summer may be more active than the other seasons, there is no reason why a home will not sell in the other three. A good Richmond Real Estate agent, like the Murray Morris Group, will market and help you sell your home at any time!

Are you in the market to buy or sell a home in the Richmond, Virginia area? Everything we do at the Murray Morris Group is done with you, our seller at the forefront of our actions. We know how to market your home and hold an open house that will help sell your home quickly! The Murray Morris Group specializes in catering to the needs of each and every one of our clients. You can read their testimonials here. Put your trust and valuable time in the hands of industry experts! Give us a call today!