What is the best time to list my home for sale in Mission Viejo? In the summer? Spring time? Listing during the holidays is NOT good right? This is a question that I get on a regular basis as a Realtor in Mission Viejo. While there is an “ideal” time of the year to list your home based upon historical data, a lot has to do with your particular situation.
Savvy homeowners spend a lot of time trying to strategize on how to get the most money for their home once they put it up for sale. They consider things such as what the competition is doing, how the job market is at the current time, what mortgage rates are along with their agents ability to sell homes of similar style, size and features. Along with this sellers also try and “time” their home hitting the market at just the right “time”. While there is a season for everything there’s one things that you have to keep in mind, homes in Orange County sell year round. With that being said, market data does show us that there are specific seasons where the activity of searching for homes increases.
During the holidays, home buyers have proven that shopping for a home and shopping for Christmas presents or holiday meals are completely different. The majority of buyers would rather stay at home visiting with friends and family than hit the streets continuing to hunt for that dream home. Market data shows that December is notorious for being the slowest month for home search volume online followed up closely by November.
While the end of the year might not be the ideal time for sellers to list their home for sale the beginning of the year may be. Buying a home tends to be among some of the more popular new years resolution for those looking to take control of their financial destiny. Things such as job relocation, marriage along with other activities sometimes get put off until the beginning of the year resulting in some seeking out that new home they’ll need to begin their new lifestyle. Fortunately for sellers, more buyers and more motivation means more demand and – all other things being equal – can translate into a faster sale at a higher price than at other times of the year.