We are going to inoculate you against some common Real Estate myths that might leave you scratching your head.
Did you know that most people only buy or sell a house once every 10 years? Most of us don’t have a lot of experience with this milestone of adulthood. We form our opinions by watching T.V. shows or listen to stories from our parents or co-workers recent home buying experiences.
Most Real Estate falsehoods are passed around like chicken pox. They infect nearly everyone they come in contact with. We are going to inoculate you against some common Real Estate myths that might leave you scratching your head.
The first common misconception in our 3 post series on Debunking Common Real Estate Myths is…
“Spring is the best time to sell a home”
Historically, home buyers were families with children. Late Spring and Summer months were the “busy” time for the Real estate season. Families wanted to move during the summer months so their children would be settled and ready to start the school year.
Guess what? Today, more than 50% of buyers are not married. Buyers can be young professionals, single men and women, or couples who don’t have children or don’t focus on school calendars.
It is true that the spring and summer months are still the best time for families to move, but the best time to place your home on the market is actually the winter months.
In November, December, and January supply is low and demand is high for homes. Most sellers assume that during the winter, buyers aren’t looking seriously. The result is that they won’t even considering listing their homes.
Savvy sellers face less competition in the winter months and have a strong pool of serious buyers to choose from. It makes it a great time to sell your home. If your if your home is prepared properly, priced effectively, and marketed professionally, serious buyers will take notice and it will sell quickly.
Spring may be a great time to buy a home because the inventory is high. If you want top dollar for your home, consider selling in the winter months.
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