Many people ask what time of year is the best time to sell a home. That answers depends on what part of the country you are located and the general market in your neighborhood. Here is Orlando, our busiest seasons for home sales are spring and summer. But if that’s when the buyers are closing on a home in Orlando, that means they started searching for a home a few months earlier. It typically takes about 30-45 days to close on a home that is being financed. A buyer usually takes a little time to view homes before making a decision, so you want to be “on the market” when the most buyers are searching for homes…not when they’re closing on them!
Last year the most Orlando homes went under contract in April and May. Listing during the months where the most pending activity takes place ensures you’ll have the maximum buyers searching and therefore obtain your highest offer for this market.
So why list now?
1. Home Values are Up
The median sales price took a dip in January, but it’s back on the rise and so are the number of sales. Last month there were 12% more sales than January and 19% more than that time in 2014.
2. Competition is still relatively low
The more listings that are for sale the more competition you have when trying to sell. The number of listings was increasing pretty quickly last year but it seems to have slowed just a bit in the new year. Take advantage of this sooner rather than later!
3. Get on the market before everyone else does!
As the market improves, inevitability more people will attempt to sell their home. Don’t wait for everyone else to jump on board (see #2). List now to attract the buyers in these busy months. Other sellers will wait to sell during the summer because its more convenient for moving or they have heard it’s the busiest time of year. Don’t wait and risk your chances of selling while the buyers are searching!
Thinking of selling your Downtown Orlando, College Park, or Winter Park home?
Contact us today to get your home sold quickly and for top dollar
407-494-2820 Office line – ask for Kathryn or fill out this form and we’ll be in touch shortly!