Spring! (And the Spring Market)

Well it seems to me that winter has finally left us and spring-like temperatures are here to stay!

A question that is commonly asked me is, "when is the best time to sell a property?" And more often than not, my answer always surprises people.

When we are in the deep freeze of January and February - and not surprisingly, few people are thinking about selling their homes. It's cold; there's snow on the ground; it's messy! What a hassle! BUT there are buyers out there all the time and if someone is willing to see your home in the worst of weather conditions, you have to know that they are serious!

So few people consider selling at this time of year that your listing has no others to compete with. Remember those rules of supply and demand? Interest rates are still low - lots of buyers still out there - lots of demand - and yours is the ONLY listing on your street equals NO supply!!

When I explain this scenario, people get it. But their first reaction is always, "I thought Spring was the best time to sell?"

And that's what so many people think...........

And here is where there is opportunity for buyers.........more supply means less competition and that you would be less likely to be in a bidding war and have a chance to "steal" a property!

Enjoy the spring weather this weekend!

Sam