Monday, November 29, 2010

List now or wait till spring?

Doing two Open Houses tomorrow for brokers and 2 Open Houses on Sunday for general public.
I have been asked a lot if it is a good time to have a house listed at this time of the year?
the pros:
not as much competition and every house listed has more chances to be noticed and shown, people buy houses all the time, not everybody celebrates same holidays, rates are still low, some houses look especially charming and pretty decorated for the holidays;

the cons: it's cold and not as pretty outside, buyers are waiting for spring market, they think there will be more choices, some also think the prices will go down even further, showings add stress during this already sometimes stressful season, buyers spent their downpayment on holiday gifts (I hope not!)

So the short answer is it depends. Seller's motivation and goals play a big role in the decision to list now or wait till spring.

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