This is a great blog post about what time is best to sell your home. I always say the best time to list your home is when it is time to sell your home. Traditionally the spring and fall market tend to be busier here in Massachusetts. But that also means there are a lot of tire kickers and home sellers testing the market.
There are serious buyers at anytime of the year. If you are ready to sell now, I would not suggest waiting 4 months. Who knows what the market can be like in March/April.
When is the best time to sell a home?
This is a common question from sellers. In fact, every seller I've ever worked with in Chatham, Short Hills, Madison, Morristown and Summit NJ asks the question: "When is the best time to put our house on the market?"
Inevitably, my answer is: "When is the best time for you, Mr. and Mrs. Seller?" To which I often get a puzzled look ... let me explain.
There are always buyers. Yes, really.
In fact at any given time there is a small group of motivated, ready and willing buyers for nearly every possible home.
Just think back to when you might have been looking for your home ... you had decided it was time, perhaps you had your current home sold, perhaps you had a job transfer, perhaps you were simply ready to downsize or upgrade, whatever your reason, you were a ready, willing and motivated buyer. When the right home came on the market you would know it and you would jump on it. You had looked at the inventory and for one reason or another, nothing was the right fit. Then a new listing came on and it met all your criteria and it looked like a good value for the money. You jumped on it.
It could have been Christmas Eve or in the middle of a blizzard or heat wave. Maybe it was Thanksgiving weekend. Maybe it was Spring or maybe it was not.
You liked the home, it met your needs and the price was right. You made an offer and the rest is history.
Are there more home buyers in the Spring? It depends on your location. Here in the Chatham, Short Hills, Madison, Morristown and Summit NJ areas, typically Spring is considered the best time (April thru early June) to sell a home. There also was a second peak market in September and October.
We've seen that change or shift over the last few years in the real estate market of Chatham, Short Hills, Madison, Morristown and Summit NJ area. The "Spring" home selling season now seems to begin in January. We've seen very strong activity in August - which is usually the quietest month of all.
Did I say it depends?
As we head into the Winter Holiday Season, many sellers whose homes have not sold are taking their homes off the market with plans to relist in the "Spring". That translates into less inventory and competition for the homes that are for sale during the Holidays. And, yes, there are fewer buyers. And yes, those buyers are looking because they HAVE to or truly WANT to move, they are not tire-kickers. And yes, in addition to more competition in the Spring, you also have more "tire-kicking" going on in real estate.
Bottom line: "When
is the best time for you Mr and Mrs Seller"?
and I can sell your home in any season for the best price the market will bear. I have 25 years of proven successful experience to back it up.
Do you have a home to sell in Chatham, Short Hills, Madison, Morristown or Summit NJ? Invite me to give you a true and honest assessment of the market to determine whether this is the best time for you to sell your home. Call me at 201-960-2090.
When is the best time to sell a home?
Interested in more information and homes for sale, neighborhoods and schools in Summit, Short Hills, Chatham and Madison NJ? Call or email me. If you'd like to search for NJ homes like an agent, go to my website and search the MLS at your convenience.
Selling a Summit, Short Hills, Chatham or Madison NJ home? It's a great time to sell!
Contact me to find out about my Staging and Marketing Program or get a FREE Home Valuation here.I am the local Madison, Chatham, Summit, Short Hills, Morristown NJ realtor. I live and work here and look forward to sharing my local knowledge and expertise when you buy a home or sell a home in this wonderful part of New Jersey.
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I would say the best time to sell a house is when you are motivated to get it sold. When you price it right and it shows well that is the key.