*Synced from Seattle and Real Estate Blog
Despite
the long-held idea that winter is the slow season for residential real
estate, new data based on a two-year study by Redfin shows that December
through March could actually be the prime window for selling your home –
and selling it quickly for more than your asking price. Surprisingly,
Redfin says that February is the month to list if you’re looking to sell
fast, as 66 percent of homes listed in February have historically sold
in 90 days or fewer. Hoping for a multiple-offer situation that nets you
more than your listing price? Try December. In 2012, the month of
December saw the highest percentage of sales fetching prices over asking
for the whole year. Redfin found that in many cities, including
Seattle, sellers are most likely to sell their homes within 180 days if
they list in the winter.
So, why, after years of preaching spring and summer as home-run months for sellers, has the tide turned toward winter? Nela Richardson, chief economist for Redfin, lists a couple of reasons why listing in the winter can work to your advantage. She stated in an article that while there may be fewer people overall shopping for homes in the winter, the ones who are out there looking are serious buyers. People who are casually searching for a home are most likely not going to brave the cold weather or disrupt busy holiday schedules to attend multiple open houses, so sellers are left with only the most motivated buyers.
Similarly, since summer has historically been considered the blockbuster season for selling, winter sellers generally have less competition. Those who are nervous about letting their home sit on the market all winter may pull it off the market, leaving one less home to compete with yours. So, if you’re planning on selling your home but were holding off on listing it until warmer months, it could be worth moving up your timeline to get it on the market sooner. If you are interested in selling your home in the Seattle area, contact your local real estate agent today!
So, why, after years of preaching spring and summer as home-run months for sellers, has the tide turned toward winter? Nela Richardson, chief economist for Redfin, lists a couple of reasons why listing in the winter can work to your advantage. She stated in an article that while there may be fewer people overall shopping for homes in the winter, the ones who are out there looking are serious buyers. People who are casually searching for a home are most likely not going to brave the cold weather or disrupt busy holiday schedules to attend multiple open houses, so sellers are left with only the most motivated buyers.
Similarly, since summer has historically been considered the blockbuster season for selling, winter sellers generally have less competition. Those who are nervous about letting their home sit on the market all winter may pull it off the market, leaving one less home to compete with yours. So, if you’re planning on selling your home but were holding off on listing it until warmer months, it could be worth moving up your timeline to get it on the market sooner. If you are interested in selling your home in the Seattle area, contact your local real estate agent today!
6 comments:
Planning to buy your first home? Then you should hire a real estate agent. Because a real estate agent will take all the responsibility so that you can buy your first home easily.
I wandered into the website and thought the subject matter was extremely interesting. Your clarification of the subject was concise and simple to understand. I particularly appreciated the way you clarified a certain point. I was forced to reconsider my point of view on a comparable topic, and I value the fresh different points of view. Thinking about investing about finding out more from you.
domestic violence protective orders in virginia
A lawyer for motorcycle accidents possesses a deep understanding of the unique legal complexities surrounding these cases. motorcycle accidents
For anyone with legal concerns pertaining to traffic infractions, understanding Fairfax's complicated and daunting traffic laws and regulations can be difficult. Getting a speeding ticket, being charged with DUI, or engaging in reckless driving can all have serious repercussions, including fines, license suspension, or even jail time. Having the correct legal counsel in these circumstances is essential to defending your rights and getting the best result.Abogado Tráfico Fairfax
"Looking-to-sell-for-over-asking-list" presents readers with an insightful and practical guide to navigating the competitive real estate market with confidence and success. With a wealth of expert advice and proven strategies, the author empowers sellers to maximize the value of their properties and achieve top-dollar offers in today's dynamic market. From setting the right listing price to staging the home for maximum appeal and negotiating effectively with potential buyers, this book equips sellers with the tools and knowledge they need to stand out and command premium prices for their properties
charlottesville catastrophic injury lawyer
charlottesville aviation accident lawyer
It is imperative that you seek legal counsel from an experienced attorney if you are charged with reckless driving in Suffolk, Virginia. A knowledgeable lawyer can help you navigate the court system, defend your legal rights, and attempt to get the best result for your case.
Visit site: Reckless driving lawyer suffolk va
Post a Comment