Home Selling in Lansdowne>Question Details

Dchouseseller, Home Seller in Lansdowne, VA

I want to get the highest price for selling a SF home in No VA. When's the best time to sell -earlier in Jan or wait til Spring like March?

Asked by Dchouseseller, Lansdowne, VA Tue Jan 4, 2011

Are the true buyers out there by January because ideally we'd like to not wait until March or would we benefit from waiting two months until there's more buyers/more competition and than we would get more for our house? The benefit for us putting our home on the market earlier is that we'd prefer to be positioned where our house is already SOLD and then we can compete with investors and others, and have an advantage of buying a new house in the Spring that we love, with a better chance than folks that still need to sell their house.

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There might be less competition now. Many folks wait for the Spring to market their home making less inventory for home buyers searching for a home in the winter months. We'd be happy to connect you to a local agent that can assist you.
1 vote Thank Flag Link Mon Jan 10, 2011
I would agree with Don to some extent. The serious buyers are out now as it is a chance to find a place while many are not looking. However, the market in my area really picks up after tax season and as we near the summer when families are looking to move their children as the school year ends.

Ultimately trust your instincts and go for it. Interest rates have been on the rise as Don mentioned so there will be some urgency for buyers to get into something quickly.

Good Luck to you and your family!
1 vote Thank Flag Link Tue Jan 4, 2011
Have you had someone to do a market analysis for you? That is really the first step because you may find your house is worth more (or less) than you thought, and that can change your opinion.

There are definitely fewer buyers right now, but those who can buy now ARE buying! The interest rates are only going up, unfortunately, so it's important to get as many buyers in to your place as possible. It's hard to say which will be better, because the person who falls in love with your house may show up the first day, or may take two months, regardless of when you list.

If you'd like a market analysis of your home, please feel free to contact me directly! sltessel@gmail.com

Either way, good luck!!
0 votes Thank Flag Link Wed Jan 5, 2011
I agree with the other statements about the market.

However the downside of being in the market now is the home appraisal.

If there has not been too many activities in past 90 days OR homes similar to your home has sold below the market due to holidays it can damp your home value. If you wait out till spring it may help you with bit better price. Also spring brings larger pool of buyers.

Depending on what your end goal is the answer can vary. If you are just selling and moving out of the area it would make sense to go on the market now when you more time to sell and capture the serious buyers.

Good Luck
Ritu Desai
Associate Broker
Samson Properties
Info@eNOVAHomes.com
Web Reference: http://www.eNOVAhomes.com
0 votes Thank Flag Link Tue Jan 4, 2011
If you are ready to sell and need to sell, no need to wait for added area competition, as serious buyers do exist year round ...keep in mind that when it comes to picing--a home is worth what someone is willing to pay for it; it doesn’t matter what the seller needs or potential buyers can afford to spend; market conditions do matter as does the immediacy for a transaction to take place; therefore make sure that you priced on target for today's market and that the marketing maximizes your exposure.
0 votes Thank Flag Link Tue Jan 4, 2011
Best time to sell: Immediately.

Yes, there are true buyers out there now. And those buyers are likely to be more serious because they're looking now.

If you wait two months (when you're ready to sell now): (1) You'll miss the serious buyers in January and February; (2) Interest rates probably will go up (they've been rising for more than a month now), making your home (and all properties) less attractive; (3) You'll be competing against more properties out there; and (4) Your possible dream home will already have been bought by someone else.

Disadvantages to putting your home on the market now? The only one, really, is that if your home isn't properly priced it'll sit on the market and be perceived as "stale" by the time others put their homes on the market. However, that's not a function of the time of year, but rather of properly pricing it now.

And in Virginia, the season--to the extent that there is one--begins right after the first of the year.

Your instincts are correct: Put your home on the market earlier rather than later.

Hope that helps.
0 votes Thank Flag Link Tue Jan 4, 2011
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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