Home Selling in 06516>Question Details

Johnandcryst…, Real Estate Pro in 06880

Thinking of selling or renew 2 rental houses in West Haven, when is a better time of the year to sell? Does it matter to sell if its renter occupied?

Asked by Johnandcrystal2003, 06880 Wed Nov 27, 2013

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Real Estate sales all year along. Spring is little better time because you have one more group school going families in the market looking for houses. If renters are keeping house in good condition then you can put in the market before they leave because house looks lively.
Babita Singh Realtor
William Raveis RE
203-685-4457
1 vote Thank Flag Link Thu Nov 28, 2013
Hi Guys:
I actually bought a house in December, but on average you want to try and maximize your opportunites which at times can be influenced by the time of year. An example might be the sale of a house prior to a school year starting. Spring also seems to be a decent time after everyone has been cooped up during the winter and they begin driving around. However, a buyer's motivation will always trump timing, in my opinion.
As to whether it matters if a house is renter occupied, vacancy has its advantages from a maintenance and improvement standpoint, but occupied is what most investors interested in buying the house are looking for. It's always beneficial to be able to go to a lender and show an income stream for a property they are considering financing. There are some things that a buyer need to consider with an occupied rental and they should always consult their attorney to be certain the tenants rights are not violated in the exchange of ownership. Good luck with your decision.
1 vote Thank Flag Link Wed Nov 27, 2013
Wow, thanks for your detailed reply. Happy thanksgiving!
Flag Wed Nov 27, 2013
Regardless of the condition and the location of the property, properties sell all year long....it all boils down to the price....
Gallagher & Miras Real Estste, LLC
Violette Gallagher/Broker
203-904-3732
violettegm@aol.com
1 vote Thank Flag Link Wed Nov 27, 2013
Anytime of the year is the right time to sell as long as you price the home correctly. The most common issue sellers face when selling a renter occupied property is uncooperative renters. Contact me if you would like to talk about strategies to sell your properties.

Frank Alvarado
BROKER
Average Joe's Realty, LLC
(203) 752-8232
FrankEAlvarado@gmail.com
1 vote Thank Flag Link Wed Nov 27, 2013
While interest rates are still at a low time low fact is the most exposure would be right after New Years when people are looking forward to spring and summer and not about the holidays. If you wait until March or April the competition comes on to the market against you. You want to be the first property people will see.
John Poulsen
203-494-9830
Coldwell Banker Residential Brokerage
Resident of West Haven for 32 Years.
0 votes Thank Flag Link Sun Dec 1, 2013
Real Estate sales all year along. Spring is little better time because you have one more group school going families in the market looking for houses. If renters are keeping house in good condition then you can put in the market before they leave because house looks lively.
Babita Singh Realtor
William Raveis RE
203-685-4457
0 votes Thank Flag Link Thu Nov 28, 2013
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