As far as selling your home in Cedar Park or anywhere the generic answer is always the spring. This is when all the newly listed homes start to hit the market and home buyers begin their searches while school is out. Although this is the busiest time right now that does not necessarily mean that it is the best time to sell.
Although there are more buyers there are also more sellers and more competition. So there is a balance there that you have to be aware of. In general I do think the spring is one of the best times to list your home but life does not always follow suit. It is best to list your home when you are truly ready to sell, you are motivated and ready to do what is necessary to ensure your home sells fast and for the highest dollar amount. What will dictate your homes quick sale is the ability to price the home correctly so that it will be considered the "best value" when buyers are comparing it to other homes nearby. Price your home incorrectly and it will just sit on the market regardless of the time of year. Price it fair and correct and you will be moving in a very short period of time. Sometimes even receiving multiple offers above the asking price.
Granted in this market pricing the home correctly will sometimes mean having to bring money to closing. So some sellers will price their home higher than the market can support because they need to make a certain amount of money or they do not want or are able to bring money to closing. In these circumstances it is best to truly look at your motivation for selling. If you are trading up and you take a loss on your current home you will make up for it on the next home you buy. So you need to look at the big picture and evaluate the pros and the cons.
When speaking with an Agent to to sell your home often times a seller will go with the agent that gives them the highest list price. The agent knows that the seller will eventually come down in pricing or at the very least the listing will expire and they may collect several buyer clients that they can sell other homes too. So be careful and do not make that mistake. Agents will typically make more money the longer your home actaully sits on the market. Make sure your agent is showing you the comps that he or she is using to base their valuation range on. Look at those comps and say to your self... which home would I buy I was an objective buyer right now.... but be honest with yourself!
I used to do this sometimes but it is becoming a lot more frequent in today's market. When I am working with my listing clients I will actually take them to look at the competition. We will actually go and visit a few homes. Some I believe are comparable and some are superior. By doing this the sellers can actually visualize the competition and that will also help them come to a proper valuation for their home.
Pricing your home correctly is a one shot deal and if you do not do so you are missing the best opportunity to not only sell your home quickly but to also receive top dollar. It 's not always timing the market but making sure you have an agent that will put your true best interests before theirs. Always make sure they are doing this through their actions and words... otherwise you can end up losing thousands of dollars and have a home that just sits on the market.
Remember it's your equity... make sure your agent is helping you keep every penny possible!
Enjoy this wonderful Austin weather! :)
Joe Stan Properties