So you’ve decided to sell your home, however you are unsure if you should list now or wait until the “Spring Market”. History has told us that the Spring is the best time to list when buyers are out with the nice weather. Although that statement was true years ago it no longer applies. Why would you wait until the time of year that would most certainly bring more competition from other seller’s?
Conshohocken is a unique real estate market on its own. You can’t compare it to other areas. As I’ve said before the “Conshy Buyer” is most likely a current renter in the Borough making them informed and very decisive on what they want to buy and where in the Borough. They are First Time Homebuyers and ready to make an offer. They are forced to be patient due to the lack of inventory to choose from and then when a home does come on the market that is Turnkey and Priced Right the competition to purchase is overwhelming and frustrating. I receive numerous calls from other agents and/or their buyers pleading that I contact them before listing any homes in their price range to give them first opportunity. I have been the 2nd agent for buyers after they realized their agent was not familiar enough with our town to help them navigate the difficult “Seller’s Market”.
I would go as far as to say that there are approximately 5 seriously interested buyers to each home listed in the $250k – $350k price range. Therefore producing a “Seller’s Market”. That does not mean that you can just put up a sign and it will sell. You still need to hire a professional to guide you through the process. Such as the following:
Staging – Decluttering – Repairs – Curb Appeal (Think Turnkey for these buyers)
Professional Photography – PRICED RIGHT -Marketing
Negotiating (Terms are just as important as price!)
In my opinion, List Now! Don’t wait until other seller’s list, why would you want the competition? I recommend contacting a Local Agent (that will be next month’s topic) and get started as soon as you can. It may take you a few weeks or months to get your home ready. No one knows how long it will continue to be a “Seller’s Market” especially with the upcoming election, so take advantage of it now.