Should You Wait to List Your Home For Sale?

A question I hear a lot from sellers is: “Should I just wait to list my home until the market gets better?” And my answer to that is always “No.” There’s really no telling what the market will do in the future, and if you keep waiting for the perfect market, it’ll never arise! So basing a big life decision on something as fickle as the market may not be the best idea. Market conditions do impact your bottom line though, and there are things we know with certainty that can help you decide whether you’re six months or a year away from selling.

For instance, right now in Bethesda we’re down 23% in total listing inventory from this same time last year but we still have about the same buyer pool. In a supply and demand situation like this, we see multiple offer situations arise more and more frequently, especially for appropriately priced and maintained homes.

You can hear more about the current supply and demand in Montgomery County in this video. With interest rates continuing at historic lows, we’re seeing an improvement in the unemployment rate, and we’re expecting a jump in house buying this spring.

So what does this mean for you as a seller?

• First, you have less competition and a bigger pool of buyers to pull from.
• With more buyers and a fixed inventory of homes, you can expect to receive multiple offers on your home.
• This gives you more leverage with price and you’re more likely to receive your asking price and above.
• And lastly, your home will sell fast and won’t languish on the market

With interest rates continuing at historic lows, low housing inventory, and being in area with sustained housing demand, we’re expecting to have a busy spring! This is a big opportunity for sellers and if you’re thinking of selling your home now, you have great conditions to get a good deal.

So again, when a seller asks me: “should I wait to list my home?” My answer is: “No. Now is a good time to get your home sold.” And I would love to help you get to where you want to be. Feel free to speak to our live agent through the chat feature to the right of this page, or call me directly at (301) 385-9213.

When you’re looking for a partner to help you negotiate the complexities of selling a home, we’re here for you. With our experience, dedication and communication guarantee, we know we can provide you with a successful and profitable home sale.