How Do You Know the Best Time to Sell Your Home?

Late spring and early summer have traditionally been popular home-selling months in Las Vegas (think: kids are out of school, vacations are taken, etc.). But we’d like to share a little secret with you: If you’re planning to sell your home this year – the months of January, February and March may be the better option. Why? Competition.

It may sound counterintuitive – after all, if more people are out shopping for homes in the summer, you have a better chance of getting a buyer, right? Ah – But there’s also this little fact to remember: more houses are on the market for sale, too.

That could mean that your listing gets caught up in in the ‘avalanche’ of homes available for sale, and it could be entirely missed in the process. In fact, it’s easier than you might think for that to happen. As we revealed in a previous blog post, (“Three Universal Tips Every Home Seller Should Know”) – according to studies, 80% of prospective buyers know if a home is right for them within seconds of stepping inside.

Only seconds. Let that sink in a moment. And then you’ll probably think this: Yikes! (Of course, that also stresses how important it is for your home to be presented in as appealing a manner as possible – with attention paid to the smallest of details.)

But even just having those few seconds to grab a buyer’s attention is making the assumption that your home even made the short-list on their tour. That’s also easier said than done, because all those extra homes for sale mean more marketing, more ads, more Realtors® doing their best to highlight their client’s home over the competition. The truth is, if you’re selling during the height of the ‘buying season,’ your home is first being compared just on paper to the many, many other homes for sale also trying to take advantage of the increased buyer market.

On the other hand, if you’re selling your home in competition with fewer available listings – such as during the first quarter of the year, as we mentioned above – it actually has a better chance of making a memorable impression with shoppers because they have fewer options; there are simply fewer homes for them to choose from.

Plus, people that are looking to buy a home during this time are often more motivated. They might have a pressing matter that is pushing them to want to close on a house quickly – such as job relocation or some kind of major life change that is forcing them to move. This can work in your favor in another important way, too: Lower inventory also means you might be able to sell your house at a more favorable price – again, since buyers have less to choose from.

All things considered, there are many factors that can affect your decision on when to sell your home. One more reason it’s important to have an experience and knowledgeable Realtor® that you can rely upon to help you evaluate all the factors involved, so you can make the most favorable decision for your situation.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or visit www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!