Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
When is the best time to sell a house?
My DH and I are planning on putting our house on the market. I was wondering if there was a better time to do this. Now, spring, etc?
Re: When is the best time to sell a house?
Depends on your market. For my house, sometime in the spring would probably be best b/c the neighborhood appeals to families that want a particular school district. They could look for a house, buy it and move in over the summer without disrupting the kid's school schedule.
For some areas I've lived, it could be a good idea to list homes in a certain price range and size around the time of match day for med students. I had friends that felt like if they missed the period between match day and July 1 (when new residents start) that they'd have a harder time selling their place.
I think the general consensus is that spring is the best time to list.
Our house sold in 4 weeks after we put it on the market at the end of September. It was considered a house for a young family or empty nesters so school schedules probably didn't matter to the people who made offers. I would also have considered our area pretty slow in the RE market.
As PP suggested, talk to an agent and do listen to their recommendations regarding staging.
That's definitely the case in our area.
Historically spring is best b/c the house looks good as flowers/trees bloom and any new college/grad school grads are looking to the future and families looking to move are thinking about being settled before a school year.
I found that August is actually the slowest month of the whole year for sales with December second. I guess in August people have either bought the best of the inventory from the spring/summer, are taking a break from looking, waiting for prices to be lowered, or are just on vacation.
Here's a good article that is similar to what our RE told us: http://www.lendingtree.com/real-estate/advice/selling-a-home/the-best-time-to-sell-your-house/
Are you united with the CCOKCs?
I agree with this. We're listing now, based on our realtors advice. There are only a few other homes comparable to mine on the market right now, so I think we will fare better. Our buyer will probably be someone with either no children yet or very young ones (small starter home), so the school calendar will probably be irrelevant.
I'm searching daily and its slim pickings. So when a house that fits my criteria lists it's a major excitement
One listed in the MLS last night, my sister spotted it and called me around 11pm (I didn't believe her as I had just checked the MLS an hour before). I emailed my agent around 11:30pm and requested a viewing for the next morning at 10am
If I had liked it (I didn't) I would have put in an offer that morning....
But in all seriousness, spring is normally best, as people with children want to finish out the school year and then move in the beginning of the summer.