If you are planning to sell a home this year, you may be able to maximize your return and minimize your time on the market by listing it right now. Here are some key thoughts to support this:
- You will have fewer competing properties to contend with. As more properties enter the marketplace, yours will have more pressure on your pricing and your property condition.
- You will gain early exposure in the marketplace because buyers who are planning to buy begin their searches early even if they do not have to make a decision immediately. Your home will stand out because it will not be lost in the bigger inventory numbers that show up later.
- You will beat “the traffic”. All the affiliated vendors that will be involved in the transaction will be more readily available. During the busiest months of the year, lenders, title companies, inspectors, repair professionals, and appraisers are all swamped and have waiting lists, creating delays in closings that sometimes cause transactions to fail.
- You will create more certainty. There is no way to know how many homes will enter the marketplace, nor when they will become available. And every home in your area and price range will be competing directly with you, so right now is the time you get to exercise the most control.
Remember, you will still need to listen carefully to the advice of your real estate professional for pricing and getting the property ready to enter the marketplace. Less downward pressure from competing properties, but you still want to put your best foot forward so you can meet your desired timeline goals.