Alex Gonta

Vika, your answer depends on your situation. Are you looking to sell because you have to, or because you are seeking to move, or are you looking to sell for top dollar? Typically, in this market, unless a property is priced very well from the start, with so much inventory on the market, it will simply be ignored. It's simply a matter of supply and demand. There is simply more supply than demand. However, houses are indeed selling in this market, contrary to popular belief, simply not at the rate of the hey-days of easy financing.

Typically, the Thanksgiving to New Year's Holiday season is one where most home buyers are focused on Holiday shopping and other thoughts. However, those buyers that are indeed looking for a property and willing to look in the snowy weather are indeed very, very serious buyers. You could potentially miss out on these very serious buyers by not relisting.

Buyers looking for homes during the holidays are usually highly motivated to buy before the end of the year so they can get extra itemized income-tax deductions for mortgage loan fees, interest and pro-rated property taxes.

Festive lights and holiday decorations can help a home "show better."

Because January is traditionally the month for transfers, having a home on the market at the end of the year can capture the transferees who may not be able to wait until the Spring to buy a home.

So my suggestion is to re-list. Any serious winter buyers will be missed otherwise. Be sure, however, to list at the right price, because simply re-listing but incorrectly priced, will not get you results. Good luck and best regards! - Thu Dec 18 2008, 18:24