Tag: Question

Good Question: What’s The Best Time Of Year To Sell A Home?

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THIS IS WCCO4 NEWS.

WELL, EXPERTS SAY THE SPRING HOUSING SEASON IS OFF TO A SLOW START.

THE NUMBER OF HOMES FOR SALE IS DOWN IN THE TWIN CITIES AND OTHER MARKETS AS WELL.

AND THAT GOT US WONDERING IS THERE AN IDEAL TIME TO SELL YOUR HOME? YEAH, THERE IS.

TYPICALLY PEOPLE THINKING ABOUT SELLING THEIR HOMES ARE ALSO THINKING ABOUT THOSE WARM WEATHER MONTHS WHEN THEY WANT TO DO IT BUT EVEN THEN THERE'S A 2 WEEK PERIOD WHERE PEOPLE FEEL YOU GET THE BIGGEST BANG FOR YOUR BUCK.

THE THEORY IS THE WARM WEATHER MEANS MORE PEOPLE OUT AND ABOUT, WHICH IN TURN MEANS MORE HOME SALES.

THE SUN IS THE BEST REAL ESTATE AGENT YOU CAN FIND.

BUT THE NUMBER OF HOMES BUILT IS WAY DOWN.

WE ARE DOWN IN THE 12,000 AREA RIGHT NOW, ABOUT HALF OF WHAT YOU WOULD EXPECT TO SEE.

WITH FEWER OPTIONS IT'S A SELLER'S MARKET.

BUT THE VERY BEST TIME TO SELL YOUR HOME IS BETWEEN MAY 1 AND MAY 15.

THEIR STUDY SHOWS THAT ON AVERAGE ACROSS THE COUNTRY HOMES SOLD DURING THAT 2 WEEK PERIOD SOLD ABOUT 18 DAYS FASTER THAN HOMES OUTSIDE THAT PERIOD AND THEY ALSO SOLD ABOUT 1% MORE THAN THE AVERAGELISTING.

THIS IS THE TIME WHEN THINGS START TO PICK UP.

THE HEAD OF REAL ESTATE PROGRAMS AT THE UNIVERSITY.

HE SAID SPRING IS A GOOD TIME TO SELL BUT IN MINNESOTA JUNE SALES HAVE BEEN BETTER.

JUNE SEEMS TO BE WHEN WE HAVE THE MOST HOMES THAT GET SOLD.

SAID JUNE IS ALSO WHEN MINNESOTA HOMES SPEND THE FEWEST DAYS ON THE MARKET.

YOU CAN'T GO WRONG IN JUNE, NO.

IT'S A GOOD TIME TO BE ASELLER.

OF COURSE THIS VARIES BASED ON WHERE YOU LIVE.

IN THE SOUTH WITH WARMER WEATHER SALES REALLY HEAT UP IN FEBRUARY AND MARCH.

BOTTOM LINE, IF YOU REALLY WANT TO SELL YOUR HOME OR BUY, YOU CAN MAKE ANY TIME OF THE YEAR WORK IF YOU THINK ABOUT IT.

WE JUST WANT TO SEE A FEW MORE FOR SALE SIGNS.

THE SNOW IS ALMOST ALWAYS GONE BY JUNE.

USUALLY.

YOU CAN MOVE AND GET IT DONE BY LABOR DAY.

THANKS, JOHN.

Source: Youtube

Good Question Review: When Should You Sell Your Home?

THE WARMER MONTHS ARE BUSY FOR THE HOUSING MARKET.

THE SPRING HOUSING MARKET IS OFF TO A SLOW START ACCORDING TO THE NATIONAL ASSOCIATION OFREALTORS.

THE NUMBER OF HOMES FOR SALE IS IS DOWN IN THE TWIN CITIES.

IT'S DOWN IN OTHER MARKETS ASWELL.

THAT GOT US WONDERING, IS THERE AN IDEAL TIME OF YEAR TO SELL YOUR HOME? JOHN IS HELPING ANSWER THATQUESTION.

WHILE HEATHER IS ON MATERNITY LEAVE.

TALKING ABOUT HOUSING, MOST OF US WHEN WE THINK OF A BAD TIME TO SELL YOUR HOUSE, IT WOULDN'T BE IDEAL TO DO IT IN THEWINTER.

I THINK THE THEORY IS MOST OF THE TIME, AT LEAST IN MINNESOTA, IT'S THE SPRING, PEOPLE ARE GETTING OUT AND ABOUT WHEN THE WEATHER FINALLY WARMS UP.

WE'LL SEE PEOPLE OUTLOOKING FOR HOMES.

AND THE DATA BACKS THAT UP.

IN MINNESOTA, ACCORDING TO THE UNIVERSITY OF SAINT THOMAS, JUNE IS ACTUALLY A BIG MONTH.

ACCORDING TO ZILO WHO'S DONE RESEARCH ON THIS.

IF YOU GO ACROSS THE U.

S.

IT AVERAGES TO MAY 1st THROUGH MAY15th.

YOU GET THE BIGGEST GANG FOR YOUR BUCK WHEN SELLING A HOME.

I'VE HAD REALTORS TELL ME WE'RE DOING WELL IN APRIL, MARCH, SOMETIMES IN MINNESOTA.

IT DEPENDS.

IF YOU WANT TO SELL, ESPECIALLY RIGHT NOW, WHEN INVENTORY'S AS LOW AS IT IS IN MINNESOTA.

IN THE TWIN CITIES, IT'S 25,000 ALL READY BUILT HOMES ON THE MARKET AROUND AVERAGE.

RIGHT NOW WE'RE DOWN TO 10,000TO 12,000.

THAT'S A BIG DROP.

YOU PUT YOUR HOUSE ON THE MARKET, YOU'LL GET A LOT OFOFFERS.

IF IT'S AN ADEQUATE HOME.

I THINK TIMING MAKES SENSE.

I MOVED AROUND A LOT AS A KID.

SOMETIMES WIDESPREAD JOSE ALTUVE IN THE MIDDLE OF THE SCHOOL YEAR.

BUT OFTENTIMES IT WAS OKAY, LET'S MOVE IN JUNE, GET A COUPLE OF MONTHS SUMMER IN THIS NEW PLACE, THAT TIMING MAKES A LOT OF SENSE TO ME.

WE TALKED TO A REALTOR A FEW MONTHS AGO WHO SAID SHE WAS DOING WELL AT THAT POINT.

BECAUSE THIS IS BACK IN FEBRUARY WHERE SHE HAD A COUPLE HOMES ON THE MARKET.

AND SHE WAS GETTING MULTIPLE OFFERS RIGHT AWAY.

YOU JUST DID A HOUSING SEARCH.

WE BOUGHT OUR HOUSE IN AUGUST.

BUT WE STARTED LOOKING INMARCH.

AND AS THAT SEARCH WENT ON, WE FOUND THAT THE PRICES FOR THE HOUSES WE WERE LOOKING AT KEPT INCREASING BECAUSE INVENTORY WAS GOING DOWN.

BY THE TIME WE GOT A HOUSE THERE WERE 10 OR 12 OTHER PEOPLE BIDDING ON THE SAME HOUSE THE FIRST DAY IT CAME ON THE MARKET.

IT GETS HYPER COMPETITIVE.

AND THE HOUSES ARE GOING 30,000 OVER LIST.

MAY 1st TO MAY 15thTH, THERE'S A LOT OF PEOPLE SELLING AND BUYING.

THE HOUSING SITUATION IS DIFFERENT THAN MOST PRODUCTS WHERE YOU WOULD THINK IF A LOT OF PEOPLE AREN'T SELLING, MAYBE NOW IS THE TIME.

YOU NEED TO SELL WHEN THERE AREBUYERS LOOKING.

IT HAS TO MATCHUP JUSTRIGHT.

IN MINNESOTA, ACCORDING TO THE UNIVERSITY OF SAINT THOMAS, YES, BUT I'VE HAD REALTORS TELL.

Source: Youtube