Life is changing and you’re thinking about moving the family to a new home. But before you start searching for your next dream home, you’ll need to figure out when you’re going to sell your existing home. The decision is a complex one, especially considering the unpredictable economic environment. And while there’s no magic formula for determining the best time to sell a home, there are several factors you might consider.
The wrong time to sell:
In a hot market, there really is no such thing as a "wrong" time to sell. I once sold a home on New Year's Day - who knew? That being said, the market tends to slow down during the Winter holiday season. Buyers and sellers alike are much busier during November and December. Consequently, less attention is paid to looking for a new home. The result? There are fewer buyers, i.e. a smaller audience for your home.
The best time to sell:
Conventional wisdom dictates that Spring is the best time to sell a home. In Southern California, that can mean any time after mid-January :) In Spring, the holidays have past, the new school year is still a while away, and gardens and other outdoor spaces tend to look their best. Buyers tend to be out in force, but it’s also the season when inventories are highest. So if you plan to sell at this time, it's important to have an aggressive marketing program. I can help you with this!