Are you waiting to list your home until the "season" begins? Because sales and prices tend to peak in the spring and summer, it's a common theory in many markets.
However, this year is different. The conventional wisdom isn't correct this winter.
Here's why: At the end of 2016, inventory levels plunged to multiyear lows. Seller's are currently facing very little competition.
Mixed with that, buyer demand is abnormally strong for the off season. The potential increase in mortgage rates and changes to mortgage policy has created a sense urgency among buyers.
Some buyer's are more in a rush to lock in a low rate sooner. Plus, sellers may also worry about lending rates as well: an estimated 85% of sellers are planning to buy another home after they sell.
So here's the best tip for seller's. If you are thinking of selling in 2017, the early bird may get the worm. And the best new nest.
Lindy and Elaine Real Estate Team