"Or maybe I am just worn-out, repeatedly seeing sellers lose $25,000-$50,000 because of unsound decisions."
'Humility in the presence of a good idea,' I once read somewhere, 'is the hardest thing to do.'
This has been my dilemma this week. While sorting through graphs and numbers and the real estate activity happening in our office, I am convinced that April and May are the best time to sell your house.
And I wanted to let the whole world know. Perhaps there was something inside me that wanted to be credited on having the 'first word'. Or maybe I am just worn-out, repeatedly seeing sellers lose $25,000-$50,000 because of unsound decisions.
The classic case is testing the waters. Seller tries to price their homes in the range where the market flatly rejects it. When they do lower their prices the room is already crowded-hard to stand out. And usually the possible loss is too hard to take that they just wait 'till it gets better.
How did I come up with this conclusion? The market told me so. And it's not hard to see.
March 2008 experienced a 32.16% increase from the month prior. Feb of the same year also saw a similar increase. Buyers are going out this time of the year. And this is nothing new; historically, this has been happening for years.
As other would-be sellers notice the uptrend in buyers, they would eventually join the party. Hence, if you wait until June or July, statistics show that you are guaranteed to have more competition.
By showing these facts it is not my intention to tell you what to do. What I'm asking you to do is give it some thought,challenge the idea and try to incorporate it to your specific situation.
Every seller is different; there is no one-size-fit-all solution. So use these facts to get a bird's eye view. And maybe just maybe I have helped you save a few thousand dollars and two pounds of heartache.
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