If you’ve ever considered selling your home, you’ve likely procrastinated about it for months and sometimes even years. It’s a big step and we're sure you have concerns. Is now the best time? Will the market change? Where would we move to? These are all questions that likely pop into your head. It can be too much to consider and as we know, the confused mind says “NO!”.
A new study was recently released which showed that they did extensive research on the very BEST time to sell a home nationwide. The results are very revealing to say the least…
The researchers found that selling a home before May 15th not only allows it to sell faster, but also sell for a lot more money.
As a matter of fact, those homes were sold for one percent more than those sold after May 15th. Coupling that with the fact that they also sell 18 days faster (on average) and this means it’s a far better option to get the home sold and closed prior to that mid-May date. Nationwide, a full 1% more for your home can mean thousands of dollars in additional profit as well as a much quicker sale time.
While this was a national study (rather than local) it certainly shows some facts you will want to consider when looking at a possible move. One of the most important things noted within their research was marketing time. It reveals that it can take 45 to 90 days to find the right buyer for your home, so you’ll need to allow your agent some marketing time in order to get the property “in contract” and finally closed prior to that magic May 15th date revealed in the study. Obviously, waiting until April or May to list your home may be too late as there’s little chance it would close by that time.
We’ve always known that price is a function of supply and demand. With so many of your neighbors listing their home for sale during late Spring and once children get out of school for the Summer, it simply drives values down due to the flood of homes available. If you’ve considered selling in 2020, be sure you beat the rush and get in touch with an Agent today!
Well informed homeowners choose The Fontaine Homeselling System to obtain them top dollar faster, along with a stress free experience. We know buying or selling a home can be very stressful and emotional, but when you have an experienced, top-producing agent on your side, you are more likely to have a smooth and successful home sale. Contact one of our agents today to start discussing the process of selling your home and/or finding your forever home!
Fontaine Family Team
Auburn - 207-784-3800
Scarborough - 207-289-3830
Search all Maine homes for sale here: BrendaFontaine.com