Home Selling in 49506>Question Details

Mike, Other/Just Looking in GR

When's the best time to put our house on the market?

Asked by Mike, GR Mon Oct 13, 2008

We live in Mulick Park, 3 Bedrooms, 2 Baths. Looking to sell in the next 6 months. Do we wait until Spring?

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I could not agree more with Larry and Sheila's answer that there is no better time than the present. Their point of making sure the pricing is accurate and the home is staged properly are critical. Get the oppinion of at least 3 Realtors that you feel have a good grasp on the local market and ask them what improvements can be made to the property within a predetermined budget that you have established for staging efforts. If you can spend only $200 in preparing for the sale, let the agents know that. It may be as simple as moving some furniture and freshening up some paint in the entry way. I say put it on the market as soon as the home is in a condition to show well during a walk through with potential buyers. Too often people put their home on the market before it is in prime condition for showing and they will likely not get an offer from the most interested parties, those that come through as soon as it hits the market.
0 votes Thank Flag Link Tue Oct 14, 2008

In general, I would agree with Michelle. Not only are buyers waiting this out, but some lenders are finding "excuses" not to fund.

Contrary to suggestions made, I feel speaking with at least three mortgage lenders would be the correct path in our market. That is unless you're looking to sell your home and rent. Better safe than sorry.
0 votes Thank Flag Link Mon Oct 13, 2008
You are asking a great question. Wait a minute, let me get my crystal ball....

You might want to check out the Trulia link below with market stats also.

I like the answers you have received so far. Here are a few thoughts:

When you a making a move from one city to another there are a couple of concerns:
First, we do not know the future. The only market we know is the current market. You are actually dealing with two markets - the market where you live now, and the market where you new home is located.

It is possible that the market trends are going in opposite directions, so part of the analysis for you is what is going on with home values--if they are going up in Grand Rapids, and down in your new town, that's a good thing. But if it is the opposite, then you may have something to think about.

Second, most people move in the spring so they can move into their new home when their children are out of school. While that idea makes a lot of sense, there are options in between the two. One option would be to sell now and lease back. You get the home sold, you can move when it is convenient.

If you like I'd be happy to refer you a top Realtor in Grand Rapids. I recommend interviewing three agents and this would give you a pre-screened agent to start with. Contact via my Trulia profile if you have questions or need assistance.
0 votes Thank Flag Link Mon Oct 13, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
The last thing you want to do is wait in this uncertain time. What is more important is the condition of your home and that it is priced to sell to match the local market in your area at the moment. It has to be priced ahead of the curve. Mortgage interest rates did go up last week which does take buyers out of the market. What is equally important is that your Realtor provide a solid selling plan which will market your home online effectively with featured home advertising and syndication on sites such as Trulia. Emily Medvec
0 votes Thank Flag Link Mon Oct 13, 2008
This used to be a very easy question, however with the current market like it is, the "norm" has gone away, and we have learned to expect the not so normal!
I always say Real Estate is 50 percent experience and 50 percent gut (which comes from experience). My gut tells me we will have a late fall and early spring for selling homes.
People waiting to see what is happening with 700 billion buy out, waiting for loans to be approved.........etc, has made what was once said .............fall and spring to be good for listings as that is when the most buyers are out there, may not be so true anymore!
Mulick park area is still a great 1st time buyer area, and still popular...............but you have a lot of homes to compete with in Mulick Park.................
So I agree if you are ready, get it on the market ..................
0 votes Thank Flag Link Mon Oct 13, 2008
Hi Mike,
Why would you wait to put your home on the market? If you're ready to sell and you have "staged" your house properly (think as a buyer,not as a homeowner) now is a perfect time to sell. If you wait until Spring there will be much more inventory as that is the time many other homeowners "think" it's the best time to sell. But, if you really want to sell, and you price it right a buyer looking in your area that has to move now isn't going to wait unitl Spring for you to put it on the market! So go ahead, if it's ready...then sell!
0 votes Thank Flag Link Mon Oct 13, 2008
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