It’s maybe not the best time to sell right now but if you are thinking of selling in the new year, the earlier the better.
If planning to sell in the spring and hoping to get the best price, it’s important to hit the market early. There’s an interesting market dynamic in the spring each year. Buyers start their spring search sooner than sellers are fully in-swing and this leaves an abundance of buyers early spring and that the sellers waiting till April/May miss. To maximize your sale price and shorten the time it takes to sell, be on the market when the demand is high and supply is still low. January is fine but don’t wait past February 1st if you can help it.
Feb to July is always the busiest time for the Red Deer real estate market and the MLS stats display this each year showing higher sales and higher inventory. The inventory is highest later in the spring market. If you are planning a sales strategy, list in the first week of February and beat a large segment of competition.
A high number of sellers miss their planned listing date because there’s much more to do than they first anticipate when prepping their home to sell. In most cases, if a person is planning to have their home on the market for February they start preparing at the end of January. Don’t wait, prepare early and have your house on the market February 1st. Start preparing as soon as you can.
By having a house on the market Feb 1st a person is positioned to sell as the influx of buyers start looking and before the influx of other sellers (competition) flood the market. This is a market dynamic overlooked by both sellers and Realtors®. Be ahead of the game, use every advantage.