Home Selling in Lawrence>Question Details

Milly, Home Seller in Lawrence, KS

What is the best time to sell a house in Lawrence? We're not sure whether to take it off the market.

Asked by Milly, Lawrence, KS Thu Jun 25, 2009

We are trying to sell our home in Lawrence, KS. It was under contract but, unfortunately, the contract fell through. We don't have to sell it right now because we can commute but we would certainly prefer to move. We were told that the best time to sell is in the summer--particularly because we are very close to an elementary school. Is this advice accurate? Will we be missing out if we take it off the market, save some money for a few months, and put it back on the market in the late fall?

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Hi Milly,

The quick answer is that you can't sell a house if it is not on the market.

The longer answer is that now is an excellent time to sell a house because now is an excellent time to buy a house. No this is not double talk. You may have to sell your house for a little less but you will be able to buy a new house for a little less.

Interest rates are very low, first time home buyer incentives will help sell your home if it falls in the first time home buyer price range.

Please visit http://www.MLSPlease.com to see just some of my "30 Days to SOLD" Marketing Plan. I'll tell you more if you text, email, or call me. I don't want to give away all my secrets to my competition.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE Home Warranty with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers: http://www.MLSPlease.com (Marketing homes to Multiple MLS's, to over 10,000 websites, "Showcase" Realtor.com listing, and virtual tours)
Buyers: Property Searches http://www.AskRobLang.com
Places for Rent or Lease http://www.KSLease.com
Blog http://www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (three convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
300 Rockfence Place, Lawrence, KS 66049
1037 Vermont, Lawrence, KS 66044
I'll meet you at the location of your choice!
785-393-2274 (cell) 206-339-3199 (fax)
Web Reference: http://www.MLSPlease.com
1 vote Thank Flag Link Thu Jun 25, 2009
If you want to move to your new home and need to sell your home in order to accomplish a purchase, then marketing it now is a great idea. People will shop online for months before stepping into a home they will purchase. Once they start looking, they will compare your house to others, and then come back to the best choice. People compare price, location, timing, and conditions or features. Once they put a home under contract, it takes from 30-45 days to close (inspections, loan approval with appraisal, certifications, underwriting, and title are a few details that take time to compile). Allow yourself some time to prepare your house for sale, time for your Realtor to introduce and advertise your home, and time for people to decide that your house is THEIR next house! An average home will sell in approxiimately 6 months, although the market is changing for the better. Price, availability of the home to meet the buyer's timing needs, and the features & conditions of your home help determine how quickly your home will sell.
Sean Williams, Trulia Pro
0 votes Thank Flag Link Wed Feb 27, 2013
If you had it on the Market, and it didn't sell; you had the PRICE too high:
From what you said, you weren't committed to selling, so you used a HIGH LIST PRICE.
It didn't work,
and it won't work.

Now, you must either LOWER the price, or have an adjustment after a period; which will show up when you re-list.
Buyer's will ask WHY? either way.
0 votes Thank Flag Link Thu Jan 10, 2013
Serious buyers are looking NOW. Our research shows that you want to be on the market at least by early February. Ask your agent to look at the number of homes under contract right now vs the number of homes on the market.
0 votes Thank Flag Link Thu Jan 10, 2013
You may want to hold onto the home until you find a great buy on a house to move in to. This will give you more flexibility on your motivation for selling. If you get a contract and things work out then you will be really ready to go.
0 votes Thank Flag Link Sun Aug 12, 2012
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