You might be surprised to learn how many variables there are when it comes to selling real estate. In addition to pricing, staging, and marketing, the time of year you put your house on the market may affect how quickly, or how slowly, it sells. Not everyone has the luxury of selling during peak times, but according to the best performing realtors® Newark has to offer, understanding the market makes it easier to determine how long it takes to sell.
Selling your Newark home in the spring or early summer is the best option. According to Zillow, the last half of April and the first half of May are the optimal times to sell. Houses on the market during this time typically sell a week or two faster than at other times of the year. There are several common sense reasons for this. Buyers have money in their pockets because of tax refunds. The weather is getting warmer and prospective purchasers are more likely to be in the mood to tour homes. For those who are considering a move, without the time constraints that something like a job change necessitates, the spring is a good time to look.
Families with school-age children usually want to move during summer break, so they start looking on spring break. It’s very important for many parents contemplating a move to get it done before the start of the new school year. They understand how difficult academic disruptions can be. For this reason, they begin house hunting in the spring to ensure they have closed on the new house and can be moved in before school begins in the fall.
It follows then that the worst time to sell housing in Newark is in the dead of winter. Even though Newark has a growing population, it can still be tricky for homeowners, who need to sell fast, to put their homes on the market at the end of the year. This area of the country doesn’t have the luxury of Southern states, like Florida, that have warm climates all year round and attract snowbirds willing to purchase real estate no matter the time of the year.
If you find yourself in a situation where you’re selling during the slowest time of the year, you should consider what advantages there are. You won’t have as much competition in the marketplace as you would during peak times. It’s easier to make your house stand out from the others. There are always newcomers to the real estate market.
Take advantage of the extra time realtors® have on their hands. Remember that this is a slow time for them too. You can find a great agent using the services of websites like Effective Agents. This website uses a sophisticated algorithm to access the most successful realtors® in your area. These are agents who perform at a consistently high level, outselling peers by six to one at prices that exceeded national averages by $16,349 last year. Contact them today to find a top selling agent.
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