Should sellers list their homes for sale now or wait until spring?
If you’re considering putting your home on the market this year, should you do so now or wait until spring? January and February are strong months to sell your property in our Chicagoland real estate market. Many people think they should wait until after Super Bowl Sunday to list their home, but I think that’s a mistake. Professional hockey player Wayne Gretzky once said, “You miss 100% of the shots you don’t take,” and if you wait to list your home until March, you’ll miss 100% of the buyers looking in January and February.
Putting your home on the market now is the best option. No one has a crystal ball, but the experts in the mortgage, lending, and banking fields believe that due to inflation and the ramifications of the bailouts, interest rates are going to increase. If rates rise, buyers’ purchasing power drops, so the number of homes they can afford decreases. If rates escalate, that doesn’t mean your home won’t sell, but you’ll have a smaller pool of buyers who can afford your house. Put your home on the market in January or February, and don’t wait until April or May.
"January and February are strong months in which to sell your property."
You only have one chance to make a first impression. So contact me if you’d like what I call my “Fresh Eyes Analysis.” I’ll come to take a look at your home and provide suggestions to help you sell it. The last thing I want you to do is to make upgrades to your home that won’t help you sell. I’ve seen people invest hundreds of thousands of dollars on projects that won’t get them a return.
If you have any real estate-related questions, want to know what your home is worth, or would like a second opinion on something, reach out to me via phone, text, or email. I’d be glad to help you.