Should I put my home on the market now or wait until spring?
This is by far the question I'm asked most during the fall and winter months. It's as if people think that those who want to buy or rent a home stop wanting housing when it gets cold outside. For the record, they do not. There is a steady demand all year long.
Let's look at the potential buyers of your home
It's true that a majority of families with school-age children prefer to move during the summer months when school is not in session. However, there are also families with non-school-age children and families with kids in private school where a move will not interfere with school enrollment as well as people without kids who are looking for a home.
We should also consider the industries that are popular in your area. Are people transferred based on the calendar year or another schedule?
Let's look at the numbers.
In some areas, summer is a very competitive time of year, but only for the most up-to-date homes. If your home is not in the most updated condition, there may be another time of year that is better for you to sell.
Let's look at the timing
If you are moving now and need the money for the sale of your home to purchase your next home, we should look at the numbers in both areas to see when better times to buy and sell overlap. That is something I can help you research.
Let's look outside
If the beauty of your home is the amazing landscaping, let's take pictures while your yard is at its peak, regardless of when you plan to move. Including the photos in an album in the home or on the listing, may be just what a buyer is seeking.
Consider the current inventory
Inventory is low in the DMV so demand is higher than supply. This is great if you're selling and relocating. If you are also buying in the area, we should discuss finding your next home first and the best ways to handle the timing of your move.
Consider WHY you are moving
If you are moving for a job, you may not have the option of waiting. If you're moving to be near friends or family, wouldn't you rather be there now, rather than wait? What might waiting cost you?
So, should I sell now or wait until Spring?
Still not sure what to do? Contact me and I'll help you evaluate your specific situation so you can make an informed decision.
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