Wednesday, February 1, 2012

You Don't Have to Wait to Spring to Sell

It might surprise a lot of people to know that the current market is classified as a sellers market. They might feel this way for a couple reasons. The first and most important is that the media doesn't report houses that don't burn. Meaning that good news doesn't sell. The national news is much worse than local real estate news. The prices in this area were not effected nearly as much as those in other areas of the country.

Which leads directly into the second reason someone doesn't know that this is a sellers market. It could just simply be no one has told them. Realtors are doing the best they can to inform as many people as they can reach that inventory is low and if a person lists their house now at a fair price it will go off the market quickly. In my area the average days on market is right around 40 and houses are selling for 96% of list price.


This is all important information that is not reaching the public. If a person wants to sell their house now is the time to put it on the market. A lot of people will say they want to wait until the spring rush but just like buyers that want to wait sellers shouldn't either. If everyone is waiting for spring to come then the market will end up flooded. The best time to list could be now to catch the market before it truly has a chance to develop.

The market during the winter months doesn't have to be slow. The consumers simply need to be informed of why they can still get what they want for their house before the rush. The rush isn't just buyers coming into the market it is sellers waiting to put their house on the market. It is easier to create curb appeal in the spring. Everyone likes to look at flowering Dogwoods and blooming roses, but if someone can create curb appeal in the winter then that house should look good year round, or at least that will be what many buyers will think.

Another objection people have to listing their house early is they want to see what the market will do. The prices now and the prices later on won't be that different. Or to state that more clearly they won't be different enough to make up for all those extra mortgage payments.

Prices on average are back to 2003/2004 levels so unless a person bought their home after that but before the downturn in the market they should come out ahead on the net sheet. Prices are up for a lot of people from when they bought their house. The best way to know if you are one of these people is to set an appointment. For my contact info please visit me at www.SuperNoVaRealty.com and we can discuss the best time for us to meet.  

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