When is the Right Time to Sell My Home?

When is the Right Time to Sell My Home

Many times people want to know,”When is the Right Time to Sell My Home”. I am struck by how many times people ask me how the local real estate market is doing.

Let me give you a recap of the first 6 months of 2016. We had a very robust Spring. Most homes sold at 88-89% of their list price. Homes in good condition and priced accordingly sold very quickly, and most were in multiple offer situations.

When is the Right Time to Sell My Home?

The second most frequent question I get is, “If I want to sell my house and I missed the Spring Market, I have to wait until next year, right”?  Interestingly, about 60% of homes on the market locally go under contract in the first half of the year, but 40% go under contract in the second half, and, truthfully, there are less homes on the market in the 2nd half of the year.  If you feel now is the right time for you to sell your home, there is still a large number of buyers out there every month throughout the year.

In terms of “When is the Right Time to Sell My Home”, I’d also like to point out that where we live, so close to NYC, our Spring market is driven by Wall Street bonuses, which typically get paid in December and January.  This means our buyers have money in their pockets in January, February, March, and April.  It’s an earlier Spring market than we see in other parts of the country.

The problem is, when someone calls me in February or March, thnking of putting their home on the market, it’s very hard to put the home in its best light with exterior pictures and landscaping, etc.  My advice to you is, if you’re thinking about selling your home at any point over the year, please call me now. I am very happy to hire a photographer to take photos while things still look pretty from the summer months and as we head into the pretty colors of Fall.  Please feel free to contact me any time.  I can be reached by phone at 973-214-0691 or by email at Shannon@ShannonAronson.com. For more great real estate information, please be sure to visit my website at www.NJRealEstateDirect.com.