Selling in a Changing Market

It's not 2003 anymore (or 2004 for that matter).  Buyers have the time to be more discerning.  There is more "inventory" for them to choose from.  Interests rates have crept up a bit (though are still fabulous by historical standards).  And those "for sale" signs seem to be staying on front lawns longer than they used to.  What's a potential seller to do?

Well, here in Maine - and probably in lots of other places - people used to put their home selling plans on hold about this time of year until Spring starting poking its head up out of the melting snow.  But this year many are worried about waiting to put their places on the market...will interest rates keep going up?  Is the market slowing or cooling off?  Is the price I want or need going to be attractive to buyers in the Spring?

This sense of uncertainty or even desperation might be causing some sellers to rush to market before they are ready - and before their properties are really prepared for the selling process.  Desperation selling this winter could, in fact, diminish their potential returns.  Even though there is no crystal ball that will tell us where the market is going to be in 3 months we do know that marketing a property correctly is as important as it has ever been.  So, if you need 90 days to get your house in order by all means take the time.  And contact an agent with exceptional marketing strategies sooner than later.  You'll feel better now and be better prepared later when the time comes.