Sell my house in November?

Spring Market! This has become a very popular phrase in real estate. Many families choose the spring and summer months to move. The time can be ideal to find a home and get settled prior to the start of the new school year. People move for many different reasons and a home which is properly exposed and priced will sell at any time of the year! Let’s look at why listing in November may work to your advantage.

Regardless of the season, buyers are always interested in desirable homes, more importantly, being one of the few homes offered in November can be favorable. There will be even fewer homes on the market in this period of historically low inventory, which may make it easier for buyers to zero-in on your home. Fewer homes for sale means less competition!

Winter temperatures and shorter days have no impact on real estate websites and internet searches.Therefore, if buyers are looking online, fewer listings equal less searching to find your home. A property transaction may proceed more rapidly if fewer homes are for sale as well.

Recently, with the lack of inventory, we have seen multiple offers on properties and sale prices tens of thousands of dollars over the list prices (or more..) Many buyers put in reasonable offers over the summer, yet weren’t yet ready to consider offering over list price or waving terms such as a mortgage contingency or inspection and therefore did not have their offer accepted. Many buyers lost out two or three times and are NOW ready to compete more ferociously. Buyers who are looking at homes in November typically have a good reason for doing so. They may have started researching because of a recent work move or another relevant event in their lives. Buyers who are looking in November are sincerely interested, regardless of their motivations.

There may be homes on the market at this time that have been listed for a while. There are always those homes that were priced too high and not perceived as a value by the buyer pool. Perfect time to introduce a fresh new listing!

When someone is asking to see a home for sale when the weather is cold and snowy they are likely to have a genuine desire to purchase. This time of year will find far fewer people wanting to “just have a look.” Fall and winter are natural filters for serious, ready, willing and able buyers.

Right now we know for sure that there are many buyers out there; and very few homes for sale. Not all sellers will be waiting until the springtime to list. What will you do?

To learn more contact John McHugh, Senior Sales Associate with Coldwell Banker for over 20 years. JohnSellsNow@Gmail.com, 978.902.5646