Top 3 Myths About the Best Time to List Your Home

One of the most common questions we hear from sellers is "When is the best time for me to put my home on the market?" You don't want your home to sit on the market without any activity, but you also don't want to miss your buyer. So how do you know when to list? Below are the 3 myths that most people believe when it comes to when to list, and the truth behind these myths. 

1) Summer is the Best Time to List Your Home at the Beach.

Vacationers from surrounding areas flock to the beach, escalating the volume of people in the area. More people in an area means there are more people to see your home, more people to buy homes, and thus you're sure to find your buyer faster, right? Not necessarily. While we do have a drastic increase in people in the area, not all of those people are looking to buy real estate. Most of them are here to relax and soak in the sun, and real estate isn't largely on their mind. Homes continue to sell throughout the summer months, but just because we see an influx in the people at the beach doesn't result in an influx of home sales.

2) People Aren't Looking to Buy During the Winter Months.

It's cold and wet, there's snow on the ground, and the vacationers have long since gone. The beach isn't nearly as appealing to sit on as it was in July, so why would anyone want to buy a home now? Believe it or not, people are out there buying homes at the beach. Investors want to purchase and start booking rentals for summer 2017 to ensure they maximize income. Second home owners are anxious for summer and want to find their dream beach house now so they can set up and be ready to vacation when the warm weather hits. Primary home owners are looking year round since their motivation doesn't change with the temperature. Homes of all kinds continue to sell throughout the winter months, so don't be fooled when you hear otherwise.

3) Spring is a Prime Time to List Since It's Warm and Summer is Coming.

Spring is when everything comes out of hibernation, and some people believe this includes the real estate market. While the temperatures are warming up and your curb appeal is looking great with the new blooms, there is still not a drastic increase in the number of sales in the real estate market. The same idea in myth 2 applies to myth 3: buyers are going to buy based on their needs and wants. Investors and vactioners are looking to get in before summer officially starts, and the primary home buyers are purchasing based on their own personal deadlines. Spring does encourage people to get out of the house, which can translate to an increase in showings, but the number of sales doesn't drastically increase.

Now to answer the question that's on your mind: So when is the best time to list my house for sale? The answer is simple: Don't time the market. No one knows exactly what any investment market is going to do, including real estate, nor does anyone have the insight into every home buyer's mind. The best time to list your home is when you are ready to sell. If you have considered the main factors in selling your home, which are pricing and presentation, the time that you list won't matter.

Are you or someone you know thinking about selling but aren't sure if the time is right? Give us a call. We'd be happy to have a consultation to find what the best option is for your goals.