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When Is the Best Time of Year to Sell a House?


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A lot of people have been asking me, "When is the best time of year to sell my house?" Unfortunately, that question is tough to answer, especially when the weather in our state tends to be colder. As a seller, it really depends on what you're selling.

If you live in a lake house, it may be more difficult to sell in the winter because people cannot see the lake. That particular situation is pretty obvious, but for other properties, it's not so clear.

If you're in a neighborhood and you've made a lot of updates to the interior of your home that sets you apart from other properties in the area, then you can sell at any time of the year.
 


You should also consider how many homes are on the market. In winter, there is less competition, which could be better for you. Buyers also have more competition in spring or summer, so if you buy in winter or fall, multiple offer situations are less common. Also, sellers may be more motivated in the winter. Maybe they've been relocated and have to sell their home within a certain timeframe.

The best thing for you to do is consult a real estate professional, like myself, who can help you examine the market and make the best decision for you. Give me a call or shoot me a quick email if you need help with anything real estate related. I would love to hear from you!

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If you want to sell your home quickly and for top dollar, what's the best strategy to follow when pricing your home?

That's a great question, and I believe that I have the answer. About two weeks ago I listed a ranch-style home at $200,000, and then the neighbors (who owned a replica home) listed their property at $209,000. So we had two identical homes, but one was $9,000 more than the other.

What happened?

In less than two weeks we received multiple offers and ended up taking $204,000 for the home. The neighbor got one offer and sold for only $200,000.



The neighbor's strategy didn't work because home buyers are savvy and they know when they're getting a good deal. They can see that the home isn't really worth the extra $9,000, and they'll go on to the next one (which happened to be my listing).

The first two weeks that your home is on the market are extremely crucial to the overall sale. You want to create a buzz in the market with an attractive sale price. The best thing to do is price your home right at or right below the market value. This will open up the largest pool of buyers, and you'll have the best chance to get top dollar for your home.

If you have any questions or concerns about this issue, or if you'd like to talk about real estate in Rochester, please don't hesitate to contact me!