“When is the best time to put my house on the market?” is one of the most frequent questions I get asked by Sellers.
There is no question that timing is a critical factor in determining the amount of money you can expect to get for your home but real estate prices are influenced by many factors and timing is just one of them!
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Your personal motivation to sell and Supply & Demand are two other very important factors that also determine how you can maximize your return when it comes to timing.
Simply put, when there are more homes for sale than there are Buyers (too much supply and not enough demand), then prices will decrease until the demand equals the supply. Conversely, if there are more Buyers than homes (limited supply and high demand) then prices will rise until the demand begins to fall and equals the supply.
Typically the busiest times of year for real estate are in the Spring and the Fall but that doesn’t necessarily mean you should wait until then to sell your home in order to get the most money for it as you will also have the most competition from other inventory during these periods.
So, when is the right time to sell your property? There’s no one-size-fits-all answer to this question. Are you thinking of selling and wondering how these factors may affect you, contact us today and we’ll discuss all of these factors and a few others before developing our action plan to maximize your return when selling your home.
Are you thinking of selling and wondering how these factors may affect you?
Contact us today and we’ll discuss all of these factors and a few others before developing our action plan to maximize your return when selling your home.