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Should he sell his house now or wait for spring?

I’ve got a friend who is thinking of putting his house up for sell now. I think he should wait for a better time like in spring. What do you think? Should he sell now or wait till spring time?

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Answer #1

He should wait! It isn’t a very friendly buyer’s market in most areas right now. Wait till after tax season next year. There should be enough of a surge then to tip things in the seller’s favor.

Answer #2

Your friend should most definitely sell now and not wait for the spring market. Traditionally, most people believe waiting for spring increases their chances of selling faster and at a greater value since they believe the market will bounce back by spring. In contrast, the market inventory increases exponentially in the spring making the competition stiffer and forcing sellers to lower their prices in order to stay competitive with the local market. Although their may not be as many buyers during this time period, the buyers that are out there are serious about making a purchase and not just “window shopping”. As prices continue to decline, waiting until spring will only bring a lower sale price on your home than if you were to list it now with the right agent who knows the local market and keeps apprised of the continuing changes.

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