Home Buying in 37421>Question Details

Lundquist_12, Renter in Saint Augustine, FL

What is the best time of the year to sell a home?

Asked by Lundquist_12, Saint Augustine, FL Sat Jun 30, 2012

I am not in any hurry, and would like to get back at least what I paid in 2009. Also, if a home doesn't sell within a couple of months is it better to take it off the market for awhile and then try again instead of lowering the price.

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14
A buyer's level of motivation knows no season....it's all about their immediate needs. Granted, there are periods during which there is greater buyer interest. For example, in the northeast it's during the warmer months while in the deep south it's during the winter.

With the anticipated increase in interest rates, the number of motivated buyers is likely going to decrease, creating a slower overall selling period. If this is indeed the case, taking advantage of the present market may be your best avenue.

Good luck,

Bill
0 votes Thank Flag Link Thu Sep 5, 2013
It seems spring is busiest, but this does not mean other times are bad. If your home is priced right it should not be a problem anytime of year.
0 votes Thank Flag Link Thu Sep 5, 2013
In general the best time to sell is at the peak of the summer season when everyone is finished vacations, or at least settled down from being out of school when the focus is on moving and settling in before the new school year starts. But other factors may make the best time for selling your real estate different. Each home sale is as unique as each house person ads their unique style and personality. The best plan is to contact your favorite real estate agent and have them prepare a marketing strategy to meet your needs so you can sell at the right time to get the highest and best price. Some times too much competition is a bad thing for getting the highest price, supply and demand can create variable competitive environments driving the value up or down. Some properties work best when they are sold during a time when typically there are not as many similar properties for sale to compete with.
0 votes Thank Flag Link Tue Jun 11, 2013
In my experience the best time is the spring but if you price it right and use an agent who is serious about marketing your home, anytime can be a good time. The key is to price it right the first time.
0 votes Thank Flag Link Wed Feb 13, 2013
Any time is a good time to sell a home because buyers are always out there. The key is getting your home to be the top choice of the ready, willing and able buyers. Since there are only two things you can control - price and presentation - focus on both. It's always best to put your "best foot forward" for a quicker sale because the majority of home buyers do look at days on market. You should consult a local Realtor who knows the market well and is currently working with buyers to give you the best advice. Good luck!
0 votes Thank Flag Link Fri Dec 28, 2012
Spring time seems to be the best time of year to sell a home. Don't overprice it because you will decrease traffic from coming to look at your house.
0 votes Thank Flag Link Thu Dec 27, 2012
These guys can help you sell your house.

http://www.realestatecenterplus.remax-tennessee.com

Not really sure what the best time of year is, but these guys do a great job. I suggest just having gthem list it and see if you get any bites. They market themselves well, so you should be able to get back what you paid if not more.
0 votes Thank Flag Link Mon Nov 12, 2012
The best time is when you find a buyer.

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
0 votes Thank Flag Link Fri Jul 6, 2012
The best time to sell is when the competition is low and demand starts to increase. You measure this by months of inventory by price points. The three primary conditions are:

1. Condition
2. Price
3. Location

You can control the first two. Your competitors scores on those 3 and the numbers of buyers per month for your price range and area determine the market.

Chattanooga historically sells well in the spring and fall around school year starts and stops. The competition also increases in those time periods, so you may be better served to list in the winter when the "shopper sellers" are out of the market and serious relocation buyers are coming in for a new year job start.

If you experience no showings in the first weeks of marketing then you most likely have the price too high for the market. If you are having steady showings and no offers within 3 months you are still too high or the condition is substandard.

Pulling a listing may be beneficial only after 4-5 months as the Days on Market for the 403 home sales in Hamilton County in June 2012 was 129 days. Listings do get stale if not priced correctly and buyers wonder what is wrong with them.
0 votes Thank Flag Link Fri Jul 6, 2012
Summer is always a great time for buyers to relocate. Inventory has been down so 2012 has been a great year in Chattanooga for sellers
0 votes Thank Flag Link Sun Jul 1, 2012
I agree with Connie. Right before Summer in late Spring through the end of the Summer seems to have the most activity. It's the same thing for rentals. However, based on market and price, homes sell year round. I would definitely consult with a local agent and price the home right so that it will sell quickly without having to remove it or reduce the price. Good Luck!
0 votes Thank Flag Link Sat Jun 30, 2012
Typically the best time to put your home on the market is in the spring. Prior to the children being released from schools, families begin planning their move. Most families attempt to move during the summer before school goes back into session.
0 votes Thank Flag Link Sat Jun 30, 2012
Unfortunately, there isn't a blanket answer to this question. No matter how "bad" the market may seem, homes are always selling because the need to purchase homes is something that will never go away, especially with record low interest rates. The key to selling is based on two things 1) right price and 2) right condition for the price. Buyers can be choosier than before because demand is somewhat down, but I'm currently experiencing a surge in sales. I have a handful of listings that have sold in under 60 days, but I collaborated with the seller to prepare their home for sale and correctly price their home to sell. My advice is to have an experienced Realtor look at your home and give you a fair assessment of value and condition. Perhaps your home is market ready, perhaps you need to spruce it up. To answer the latter part of your question, if your home is on the market for several months, chances are you need to lower the price or improve the condition.
0 votes Thank Flag Link Sat Jun 30, 2012
All markets are different and it is hard to predict the best ways to do some things. Where is the house? Surf City or zip code 37421 in Tenn.? I don't see eastern NC homes going up in price up here on the Outer Banks yet.
0 votes Thank Flag Link Sat Jun 30, 2012
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