When is The Best Time to Sell?

Many events affect when the “right time” to sell your home is, such as: a marriage, a growing family, an empty nest, retirement, a divorce, death, job loss or job re-location.

If your current housing situation or life circumstance is not addressing your needs than the time to sell your home is now!

However, if these life circumstances are not a driving force behind your desire to sell, than the most strategic time to sell is when competing inventory and interest rates are low and market conditions are favorable to a seller.

Most homeowners think that spring is the best time to sell a home because the snow is gone, the flowers are out, the home presents well, and more buyers are out looking.  The reality is that the number of homes sold in the 2nd quarter of 2009 (spring market perceived as the peak selling season) is not significant enough to justify taking on the added competition.  That is, competition is homes selling similar to your own in condition, size, price and location.  The best time to sell your home is when your competition is low.  

 

Total Sold Single Family Homes

1st Qtr 2008

2nd Qtr 2008

3rd Qtr 2008

4th Qtr 2008

1st Qtr 2009

2nd Qtr 2009

3rd Qtr 2009

4th Qtr 2009

 

 

 

 

 

 

 

 

 

 

 

Easton

 

 

22

42

39

38

24

45

25

39

Mansfield

 

15

45

35

25

12

33

46

25

Bridgewater’s

 

34

55

74

77

49

58

87

77

Norton

 

 

20

34

43

29

14

30

55

23

Raynham

 

 

19

30

30

23

14

28

34

24

 

 

 

 

 

 

 

 

 

 

 

Total Area

 

110

206

221

192

113

194

247

188

 

Another interesting fact that home owners are not aware of, and this table illustrates, is how few buyers  (sales) there are in any given quarter in each respective town. 

Have your Realtor analyze your home’s competition, treat every offer seriously as there is not an unlimited supply of buyers,  and don’t help sell your competitions home by having your home priced above market value.

If your Town isn’t listed, but you would like more information or if you have any question we can assist you with, please contact us immediately!

Visit the Goodwin Realty Group Website!

 

 

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