Should I wait to put my house on the market until spring or summer? Aren't there more people looking then?

Asked by Arlene S, 53575 Thu Feb 12, 2009

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Edith Karoli…, Agent, Winnetka, IL
Thu Feb 12, 2009
Hi Arline, let me help you out a little.
The right time is when the right buyer comes around to your property and likes it. But nobody has that crystal bowl. So we have to consider other points....
When do you want to close on your home, i.e. when do you want to move and find your next home?
Then a local Realtor will be able to encourage you based on the market time of properties in your style and size and price range in your area.....

You are probably right that when the weather is better more people will roam and look around and go househunting, because it is more fun, but serious buyers or those who need to buy for one reason or another, will be looking no matter what season with their Realtors' help.

But I would agree with you, if the outside of your home, i.e. the yard the landscaping the flowers, trees etc. show so much better in better weather in Spring and summer, if you have a beautiful deck and great entrance landscaping etc. then you may be able to enhance the attractiveness of your home to potential buyers when presenting it during better seasons.... But a local Realtor would be able to discuss this in detail with you, when knowing all the circumstances.
If you would like me to recommend a local trusted Realtor Colleague of mine, let me know and I gladly do so.
Edith YourRealtor4Life! just e-mail me directly and I will forward the contact info, let me know the town you are in and where you would be looking for your new home.
Good Luck!
1 vote
Mark Rienzie, Agent, Hicksville, NY
Thu Feb 12, 2009
No. Serious buyers are making offers 12 months a year.
Since January 1, 2009 I have 3 homes in contract.
1 vote
Eric Reusch, Agent, Fitchburg, WI
Sun Aug 5, 2012
This is a great place for the "It Depends" answer - How soon do you want or have to move ? Why would you want to move? How high will rates go once the world economy and our own get turned around? Are you going to aggressively price to get a quick sale or are you going to take your time to try for more money at the risk of higher interest rates? The market is local and changing all the time. Hire a good agent and take their advice.
0 votes
Sally K. Han…, Agent, Elm Grove, WI
Thu Feb 26, 2009
Hi Arlene...
Know this...that real estate is largely about supply and demand...and the warmer the weather the larger the supply....get your home "dressed up and ready to show" with input from an experienced agent....make sure it is priced to sell, not to sit....and list it sooner than later...Best of Luck to you !
0 votes
Pam Widen, Agent, Madison, WI
Thu Feb 12, 2009
I'm advising my clients who want to sell in 2009 to begin making low cost/high return repairs to their home now. You want to put your best foot forward when it goes on the market.

If your home is in the first time buyer range, you need to consider most renters will be looking March-June as many leases are up in this time frame. If you are in a higher range, you may need to accomodate being on the market longer due to buyers who have homes to sell. If you have a larger home you may be desirable to relocation buyers with kids who will want to be established well before school starts.

A lot will depend on your specific situation. Please contact one of us here locally to discuss further.

Pam Widen
0 votes
Candy Barnes, Agent, Mountain Home, ID
Thu Feb 12, 2009
With interest rates low, and the supply of homes on the market at an all time high in some parts of the country, there are some differences of opinion regarding waiting to put your home on the market.

Why wait? Buyers are starting to realize that there are some very good home values out there. Getting your home on the market, priced right, when the buyers are beginning to look might generate a sale for you that you would have missed. It is possible that by spring or summer, that supply of buyers may have dwindled. There is no predicting what this market will do.

If you wait, you may have less competition. With a glut of homes on the market, your home will have to compete with homes that may have more to offer than yours if you list now. I will say that the springtime is when more homes come on the market in a typical year. I will bet that there are a lot of homeowners who are going to wait to put theirs on the market and will not have gained an advantage at all.

I say, put it on the market at a competive price with a high selling company /agent that can give you the most exposure. Make your house shine! It needs to look like the best value in it's price range. I have attached a link to an article that I wrote about selling your home in a tough market.
I hope this helps.
0 votes
Edith Karoli…, Agent, Winnetka, IL
Thu Feb 12, 2009
Hi Arlene, I agree with Kristy and forgot to tell you the same, you also want to consider that when the weather is getting better there will also be more listings and more competition during the Spring and Summer market.
So you have to weigh it all, and make your decision.
Good Luck
0 votes
Kristi Ross, Agent, Monona, WI
Thu Feb 12, 2009
There are people buying and selling homes all year round. Typically, I would say that there is more activity in the spring. But, these last few years are not typical. There is the alternative view that there is also less competition during the "off" months.

Having said that, it is always a good idea to at least get an idea of what your home value is and what your competition is at this time. Will your house stand out compared to what is on the market around you? I recommend speaking with a REALTOR and they will be able to look at your full situation and make a recommendation to meet your goals.

Contact me with any questions you have.

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