Princeton Town Topics – Let’s Talk Real Estate – February 12, 2014
SPRINGTIME IS THE BEST TIME TO SELL YOUR HOME
According to the poet Alfred, Lord Tennyson, spring is the time when a young man’s fancy lightly turns to thoughts of love. Turns out, spring is also the time when most home buyers turn their thoughts to searching for their next home, and that means that if you’re thinking about selling, this is the time to do it.
What makes spring so popular? For one thing, many buyers have children, and ideally, they’d like to time their move so that it coincides with summer vacation. Spring is also the time when tax refunds arrive, making it that much easier for buyers to handle closing costs and down payments. And, it’s also a season associated with starting fresh, especially following a bleak, cold winter.
Of course, that also means that spring is the time when competition heats up for buyers. That means that for buyers, it’s important to start working with an agent as soon as possible to let the agent know you’re looking for a home — as well as the type of home you’re looking for — so they can begin the search process early.
Couple of other interesting tidbits: Studies have shown that Wednesday is the best time to list your home – it’s close to the weekend but still offers plenty of time for buyers to schedule an appointment to see your property. For buyers, the best time to make an offer is a few days after the first of the month — right after homeowners have paid the mortgage on a home they no longer want to own.
