Should You Sell Now or Wait Until Spring?

Although there are pros and cons to selling in any season, there are a few benefits to selling now rather than waiting for the spring market.

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Many people think that the only good seasons to sell your home are the spring and summer. In fact, many homeowners wait to put their home on the market in spring rather than listing right now.

Ultimately, there are pros and cons to selling your home in any season. However, selling now instead of waiting for spring could be extremely beneficial.

The price of any item, including residential real estate, is determined by supply and demand. If many people are looking to buy an item and the supply of that item is limited, then the price of that item increases.

With low inventory and high demand, you can sell for top dollar.

According to the National Association of Realtors, the supply of homes for sale increases dramatically each spring. In fact, last year, inventory climbed steadily from January to May, culminating in 270,000 homes for sale. It makes sense to get ahead of the competition and list your home for sale now, while home prices are still high.

Also, buyers who are in the market during the winter months are highly motivated; they want to buy now. Since inventory is limited in most markets, sellers are in a great position to negotiate.

If you have any other questions about selling your home in the current market or about real estate in general, give us a call or send us an email. We would be happy to help you!