Sunday, October 30, 2011

Should I list my house in the fall or winter?



As we step firming into fall, in that space between Halloween and Thanksgiving, many sellers ask the questions does it make sense to try to market a home this time of year. It classic ambiguity, that depends: There are buyers who purchase year around. Rhode Island knows that reality, but we are more seasonal than many other areas. The majority of sales occur between 1 March and October 31st of every year. That is always prime season. But there are in fact a good number of buyers who engage in the pursuit between 1 November and 28 February. What is encouraging is that most of the buyers who are looking in the less active time of the year, and in fact much more serious. The majority have an immediate NEED, not a desire to purchase. For a seller this means that there are likely to be fewer showings and interested parties, but the ones that do happen will have a greater chance of leading to a sale. So it if you are serious about selling, it makes sense to engage.

HOWEVER, the market is driven my one primary element and that is price. Regardless of the time of year that you place your home on the market, it is very important that you price well. Do not price where you want it to be price it just below where market really is. You will sell more quickly.