When to put house on Market?

THIS SHOULD BE DETERMINED BY WHEN YOU NEED OR WANT TO SELL. IF YOU ARE PLANNING TO MOVE NEXT YEAR IT IS NEVER TOO EARLY TO START GETTING INFORMATION ABOUT YOUR CURRENT MARKET AND THE MARKET WHERE YOU WILL BE MOVING TO.

IF YOU ARE CONCERNED ABOUT DECLINING HOME PRICES, PLEASE KEEP EVERYTHING IN PERSPECTIVE. YOUR HOUSE MAY NOT COMMAND WHAT IT DID A YEAR AGO, BUT NEITHER WILL THE NEXT HOME YOU WILL WANT TO PURCHASE. IN FACT IF YOU WANT TO MOVE UP IN PRICE, AND THE PERCENTAGE DROP IS THE SAME FOR BOTH HOMES, THE DOLLAR AMOUNT IS GREATER FOR THE MORE EXPENSIVE HOUSE; THEREFORE YOU CAN NOW AFFORD A BETTER HOME!

CONSIDER PUTTING YOUR HOUSE ON THE MARKET EARLY IF TIME IS A FACTOR. PLEASE FOLLOW MY LINK TO PRUDENTIAL'S WEBSITE, GO TO THE HOME PAGE AND VIEW THE CURRENT MARKET REPORT FOR QUEENS/LONG ISLAND. IF YOU NEED HELP FINDING A REALTOR IN YOUR AREA I CAN SUGGEST A FEW. I ALSO HIGHLY RECOMMEND OUR GREAT RELOCATION DEPARTMENT. ~ LH~

Hi Amanda, There is no definite answer in how long it will take you to sell your home, but putting it on the market sooner than later is the way to go. Homes are not selling as quickly as they have in the past, but homes ARE SELLING! Pricing your house at the right price to start off with is the best advice we can give you. We are a husband and wife team who are aggressive, professional , and experienced Realtors who sell in Suffolk County. We can also put you in contact with a Real Estate Pro in Pennsylvania to make it easier on your move, without the hassel of locating a top agent in your new city on your own. Please give us a call at 631-240-1224 and we will be happy to answer any questions you may have regarding the sale of your home. Thank you and good luck!

Amanda, put a house for sale when you HAVE to sell it. That means if you list at a sellable price and if there are no offers the you keep lowing the price until it sells.

Henry

Amanda, because pricing is in a downward direction, getting your house on the market as soon as possible would seem a better alternative than waiting, irrespective of the "season". If waiting for six months ends up costing you an additional 5%, there goes more equity. Until there's solid evidence that pricing is stabilizing, waiting is likely costing you money. Find a good, flexible agent, and decide if your current equity is worth the move. Otherwise, ride it out, and wait for a change in the right direction. Best to you.

The number one factor will be how are houses selling in your area? In general in most areas prices have fallen 12-20% in the last 18 months and the time to sell has doubled. I would first call some local brokers and get a broker's price oppinion now. Be up front, let them know your scenario. This way you will know what house are selling for in TODAY'S market. They should also be able to give you a time frame. Now considering in general that most people moving into larger homes have kids and want to be in before the new school year starts, you are a year away from a closing. If you list in April or May and it is taking 90 days to sell houses you would be all set in closing in the summer. If your house doesnt sell and you need the money to move you may be stuck. If you list and get a buyer right away you may not be able to move into your new place BUT your house would be sold, 1 task would be down, take your money and run. find short term housing, store your furniture and be in your new house on time. If you need assistance finding someone in your area please let me know. No matter what good luck.

Depending upon your location in Suffolk, the inventory supply in you town, and the trend in your town this will determine the market value today. Next summer is quite away off but the earlier you start planning the better off you will be.

Having you home valued by a professional today would be the first step. A professional realtor may make some suggestions on to how to make your home sustain its value in this present market. Of course we don’t have a crystal ball and not predict the future, but economic indicator indicate that price will either be flat or fall depending upon the town.

Have your husband research the job market in the area he would like to move into. If there are no jobs available, then maybe he needs to reconsider where your family wants to relocate to. Also look into the economic stability of that area, is it growing or are companies closing up shop.

If your husband need help with this a realtor who list your home can refer a realtor in the area that covers the town(s) in Pennsylvania you would like to move into. Both the listing realtor of your home and the “Buyers Agent “ for your purchase would represent your best interest. They would work as a team to make the transition as smooth a possible. Once you choose to hire the agent you feel comfortable with the process can begin.

It might be even advantageous for you to sell now if your home is in a declining market. Rent for a while in the new town you plan on living in. If home prices are falling there you will want to look into why they are falling.

Planning a research are the keys and you need to follow through to see what suit you best option that meets your family’s needs.

In my opinion in general, the very early spring is the best time to put your house on the market and expect some results in about 3 to 5 months down the line. The planning process and selling unwanted furniture and other unwanted items could start in fall 2008, with contacting brokers in the mid winter 2009. Get some ideas about Pennsylvania housing starting next mid spring and perhaps getting serious in the late summer 2009. There is nothing written in concrete about this of course, and alot depends on a sound housing and mortgage environment. Focus on selling first, getting the money in hand
before you buy in PA.

Amanda
Congrats that you can plan ahead. And know what the market will be like a year from now! I'd like to hire you to help me with my market forecasts! :)

Amanda
Most markets are affected by school schedules. Even if you do not have children, the market follows the academic calendar. In most markets that means listing inventory peaks in April and May, most closings are in June early July, so people can move during July and have their kids ready for school in August/September.

I have a couple of recommendations for you:
I suggest talking with a Realtor now. It is critical that you interview a couple of Realtors, particularly looking for an expert in your area that understands market trends. Ask friends, family members, or business associates for referrals. If you cannot find what you are looking for you can contact me via my profile and I would be happy to refer you to a top Realtor.

Also, although we don't know what the market will be like a year from now, in most markets we do know a couple of things:
Homes that sell in the first thirty days sell closest to asking price, so proper pricing is critical. How much you paid, how much you owe, how much you need to net are not important to buyers. Buyers want value.
So you need a Realtor that can expose the value your home has to the market. They need to analyze the features and create a marketing program that makes them stand out.


So, contrary to the other posts you might be reading, regardless of the average market time, in most cases you will make the most money by properly preparing your home for market, marketing the best features, and pricing it right. Normally about 20% of the market sells in under 30 days. The rest, the 80%, sit there and accumulate market time.

So by talking with a Realtor NOW they can advise you on things that you can do during the next year to get the most out of your home when it sells. You can also work out your timing strategy, such as whether or not your new home will be ready on time, possibly lease back until you are ready to move.

Good luck

I can tell you that in Suffolk County from Jan.1st thru- June this year, the average days on the market for a home was 131 days. Days on the market refer to the time of listing to contract, not when you move or close. I can give you your neighborhood statistics if you contact me.
When should you put your house on the market? The main factor is do you want to price your house to sell or do you want to keep it on the market for a while. Every buyer knows it is a buyers market and the buyers are controlling their offers. Most home sellers are still thinking how much their house was worth 2-3-4 years ago and feel they are losing money and don't want to lose more. You have to think you can't lose what you never had. Equity is real only when the deal is completed. I live in Suffolk County and would guide you through the timing and pricing process.

Amanda, that is a very good question. Here in Philadelphia the typical home takes 45-60 days on the market. You can give me a call at 267-980-2260, I will personally find an expert in your neighborhood with our referral network we have here at Coldwell Banker Hearthside. You will want to prepare a couple of questions to ask the Realtor who comes out to your home. It sounds to me like you may be able to test the market in the beginning, how ever you do not want to over/under price your property. The local expert will be able to tell you what to price your home to test the market compared to what will sell your home right away. Once, again you can contact me at 267-980-2260 or email me at COrth@DiamondRealtors.com and I will find your Realtor in your neighborhood. If you are planning to move to the surrounding neighborhood of Philadelphia, I will be glad to assit you in finding you a new home. If you are not close to Philadelphia, I will contact someone close to your new neighborhood as well. So they will be able to walk you through the entire process.

Once again Great Question.

Have a Wonderful Day!

Christopher Orth
"Third Generation Realtor"
Coldwell Banker Hearthside
267-980-2260

Contact a local real estate agent who will pull MLS stat's determine the average # of days prior to house selling. Generally takes 90 - 120 days to sell a home. Now it also depends on the asking price. If the priced right it sells faster. Dont over price your home and have to slowly bring down the price If you don't plan on moving to next summer, then I would advice you to wait 3 to 4 months before moving. Then list the home.In the meantime start slowly cleaning the house, closets, getting rid of what you dont need, pack stack all the boxed "neatly in the garage"

As far as your husband interview I would start soon they state for each $10K earned = one month interview.

Yes you would need to speak with a buyers agent in Pennsylvania

http://www.lynn911.com http://www.homes-for-sale-dallas.com