This is undoubtedly one of the most common questions that people ask of their
Real Estate Broker, and is also one of the most complex questions to answer.
There are actually "pluses and minuses" to selling at any time of
the year, and making this decision will usually come down to your own personal
plans and circumstances. However, having said that, here's a look at the varying
seasons and how they can affect your sale.
For many people, Spring is viewed as the "Prime Selling Season" for
real estate. And why not? Our gardens tend to look their best, the weather
is normally neither too hot nor too cold, and many families like to buy at
a time that will allow them to move and settle during a comfortable time of
The only drawback to selling in Spring occurs if a large number of people decide
to do the same thing! The law of supply and demand can become very apparent
during spring if a large number of properties come onto the market at the same
time. If a set number of buyers suddenly have more options to choose from,
this can lead to a drop in the number of buyers per property, and therefore
Some people make the mistake of underestimating the potential of a Summer sale.
But not at Hyde Realty. It is worth remembering that a sunny home always looks
inviting and cheerful, people often feel more relaxed during summer, and a
motivated homebuyer is NEVER on Vacation! Another point that is often overlooked
is that Summer is often the time that people who achieved a sale during Spring
end up buying their next home, and this is often a time when the 'supply vs.
demand equation' swings back in the favor of the sellers. The simple fact is
that some of the most successful months we've ever experienced have been during
the summer. So, if that's when it suits you to sell your home, you can do so
with plenty of confidence.
For many Long Islanders, Autumn is their favorite time of year. Lovely mild
weather and the russet tunings of the leaves add an extra dimension to so many
activities, and real estate is no exception. The period from the end of summer
to near the end of the year is often a time of high activity in the Long Island
property market, with large numbers of homes changing hands every week. However,
as is the case during the height of the "Spring Rush", the Autumn
property market can be subject to the effects of a flood of available property
at times increasing competition between sellers, rather than buyers. So if
you are thinking of selling during this time, make sure you discuss the timing
with your Hyde Realty Consultant to ensure that you maximize your result.
Mention Winter to many intending property sellers and their first response
would often be "Too cold, too miserable, to hard". BUT, ask any skilled
property marketer with their finger on the pulse of the market and they will
tell you, "Too few properties". A chill in the air or a spot of snow
will never stop a motivated buyer, nor will it prevent those people who sold
their homes in Autumn from paying top dollar for your home as the deadline
for closing draws closer! There are always buyers active throughout the year,
including winter. Some people search for a year or more before they find the
home that suits them, and if that home happens to hit the market in Winter…so
what? In fact, winter is often the time when the law of supply and demand most
favors the sellers, with many property owners achieving outstanding prices
for their property. So if you are thinking of selling in winter, now is a good
time to talk to a Hyde Realty Consultant about the best way to make the season
work for you.
When you look at it closely, there and "pro's and con's" to selling
at any time of the year, but there is no absolutely right or wrong time. The
simple fact is that the best time to sell your property is when it suits YOU
best. If you are ready to sell at a particular time, then that is the time
you should sell. With a little helpful advice from Hyde Realty, you can achieve
an outstanding result at any time of year.