Tag: Question

Good Question Review: When Should You Sell Your Home?

THE WARMER MONTHS ARE BUSY FOR THE HOUSING MARKET.

THE SPRING HOUSING MARKET IS OFF TO A SLOW START ACCORDING TO THE NATIONAL ASSOCIATION OFREALTORS.

THE NUMBER OF HOMES FOR SALE IS IS DOWN IN THE TWIN CITIES.

IT'S DOWN IN OTHER MARKETS ASWELL.

THAT GOT US WONDERING, IS THERE AN IDEAL TIME OF YEAR TO SELL YOUR HOME? JOHN IS HELPING ANSWER THATQUESTION.

WHILE HEATHER IS ON MATERNITY LEAVE.

TALKING ABOUT HOUSING, MOST OF US WHEN WE THINK OF A BAD TIME TO SELL YOUR HOUSE, IT WOULDN'T BE IDEAL TO DO IT IN THEWINTER.

I THINK THE THEORY IS MOST OF THE TIME, AT LEAST IN MINNESOTA, IT'S THE SPRING, PEOPLE ARE GETTING OUT AND ABOUT WHEN THE WEATHER FINALLY WARMS UP.

WE'LL SEE PEOPLE OUTLOOKING FOR HOMES.

AND THE DATA BACKS THAT UP.

IN MINNESOTA, ACCORDING TO THE UNIVERSITY OF SAINT THOMAS, JUNE IS ACTUALLY A BIG MONTH.

ACCORDING TO ZILO WHO'S DONE RESEARCH ON THIS.

IF YOU GO ACROSS THE U.

S.

IT AVERAGES TO MAY 1st THROUGH MAY15th.

YOU GET THE BIGGEST GANG FOR YOUR BUCK WHEN SELLING A HOME.

I'VE HAD REALTORS TELL ME WE'RE DOING WELL IN APRIL, MARCH, SOMETIMES IN MINNESOTA.

IT DEPENDS.

IF YOU WANT TO SELL, ESPECIALLY RIGHT NOW, WHEN INVENTORY'S AS LOW AS IT IS IN MINNESOTA.

IN THE TWIN CITIES, IT'S 25,000 ALL READY BUILT HOMES ON THE MARKET AROUND AVERAGE.

RIGHT NOW WE'RE DOWN TO 10,000TO 12,000.

THAT'S A BIG DROP.

YOU PUT YOUR HOUSE ON THE MARKET, YOU'LL GET A LOT OFOFFERS.

IF IT'S AN ADEQUATE HOME.

I THINK TIMING MAKES SENSE.

I MOVED AROUND A LOT AS A KID.

SOMETIMES WIDESPREAD JOSE ALTUVE IN THE MIDDLE OF THE SCHOOL YEAR.

BUT OFTENTIMES IT WAS OKAY, LET'S MOVE IN JUNE, GET A COUPLE OF MONTHS SUMMER IN THIS NEW PLACE, THAT TIMING MAKES A LOT OF SENSE TO ME.

WE TALKED TO A REALTOR A FEW MONTHS AGO WHO SAID SHE WAS DOING WELL AT THAT POINT.

BECAUSE THIS IS BACK IN FEBRUARY WHERE SHE HAD A COUPLE HOMES ON THE MARKET.

AND SHE WAS GETTING MULTIPLE OFFERS RIGHT AWAY.

YOU JUST DID A HOUSING SEARCH.

WE BOUGHT OUR HOUSE IN AUGUST.

BUT WE STARTED LOOKING INMARCH.

AND AS THAT SEARCH WENT ON, WE FOUND THAT THE PRICES FOR THE HOUSES WE WERE LOOKING AT KEPT INCREASING BECAUSE INVENTORY WAS GOING DOWN.

BY THE TIME WE GOT A HOUSE THERE WERE 10 OR 12 OTHER PEOPLE BIDDING ON THE SAME HOUSE THE FIRST DAY IT CAME ON THE MARKET.

IT GETS HYPER COMPETITIVE.

AND THE HOUSES ARE GOING 30,000 OVER LIST.

MAY 1st TO MAY 15thTH, THERE'S A LOT OF PEOPLE SELLING AND BUYING.

THE HOUSING SITUATION IS DIFFERENT THAN MOST PRODUCTS WHERE YOU WOULD THINK IF A LOT OF PEOPLE AREN'T SELLING, MAYBE NOW IS THE TIME.

YOU NEED TO SELL WHEN THERE AREBUYERS LOOKING.

IT HAS TO MATCHUP JUSTRIGHT.

IN MINNESOTA, ACCORDING TO THE UNIVERSITY OF SAINT THOMAS, YES, BUT I'VE HAD REALTORS TELL.

Source: Youtube