Timing is Everything in Home Sales
If there have been numerous home sales in your neighborhood in recent months, consider the positives. High sales in you area can mean a number of things.
First, the more sales that occur in your immediate neighborhood, the more easily and accurately you can determine the price your home would sell for in today’s market. Second, it also provides reassurance that the area you live in is a desirable area, thanks to neighbors like you.
The downside to living in a high-turnover area is the competition you’ll face when you put your home for sale. Unless your home is unique, you will be competing for buyers with other homes for sale in your area. Thus the term . . . TIMING IS EVERYTHING.
Since most sellers wait until late spring or summer to put their home on the market, competition for sales is greater in those months. Summer months become “buyer’s market months” — months when there are more sellers than there are buyers.
To get ahead of competition, put your home on the market when it’s “seller’s market months” — months when there are more buyers than there are sellers. Sellers market months tend to occur in late fall, winter, and early spring.
So, if you’re contemplating selling your home within the next twelve months, I urge you to remember. . . TIMING IS EVERYTHING.