Seller's always question and want to know. Should I put my home on the market now? (November and December) or should I wait until after the holiday's?
It is a good question, for many reasons. Logic might tell someone that Buyer traffic would slow down during this busy time of year. It also begs the question, do Buyers really want to look for homes when the weather is less (in many opinions) than desirable. Is there less inventory?
I have heard pros and cons about placing your home on the market this time of year, but in this not so "historic" real estate market, I thought that I would look at some easy facts.
Myth #1. Buyers are not making decisions or looking at this time of year.
Here is the fact.
In Norfolk County Massachusetts (not really a huge place), in the past 15 days, in other words from the last day of October until today, November 15th, 196 single family homes were placed under contract in the MLSPin system. Clearly Buyer traffic is brisk.
Myth #2. Inventory is low.
Here is the fact.
This is one of those two sided considerations. Less competition might mean less Buyers looking or possibly with less inventory having your home on the market there will be less competition for those Buyers. I don't know, but there is a reason that you see a MacDonald's and Burger King side by side.
Either way you want to look at it, this is the fact. In the past 3 days, there have been 34 new single family properties that have hit the market. Do you think the majority of these are lender owned or foreclosures? If you do, you would be wrong! Just 4 of these are lender involved!
If this is true and the numbers say it is, is this a good time for you to put your home on the market?
I would say yes. Do it now.
Your house will not sell if it is not on the market! Interest rates are low and Buyers are making decisions. Buyers start their search from the comfort of their home. Trust me when I tell you that I have taken many Buyers out when I thought they might or should have canceled. A Buyer on a mission will not let the weather discourage them for more than the day that it is treacherous to drive. Couple that with the warm and cozy decor of the season and the fact that some buyers like to look at homes with the leaves off the trees giving them a true visual of what is around them and you could quickly go from "for sale" to "SOLD"!
Thinking of Selling your home?
About the author
a full time Real Estate professional in Massachusetts for the past 25 years along with Al Mussi have helped hundreds of families find, sell or purchase new places to live.
A former US Marine, she grew up in Walpole, MA...
is committed to the serving the community through various volunteer opportunities. She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education.
Licensed in MA and RI...
Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Norwood, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....
Their mission.... To exceed your expectations!
Al and Cal Realty Group