Fountain Valley readers who frequently check in here may recall the inquiry into whether there really is a single best time to buy a house—and if so, when that might be.The answer was October 8.
At least that was what the researchers at RealtyTrac deduced after reviewing millions of home and condo sales (from across the nation, not just Fountain Valley). The definition of “best” they settled on was the date which recorded the greatest markdown between original listing and actual sale prices. On closer examination, though, 10/8 did seem to be an answer that was going to differ from year to year. But there was definitely evidence for fall being a good season for buyers.
Now there appears to be an answer to the equally beguiling question Fountain Valley sellers may be curious about: What’s the best time to sell a house? Having an answer might be reassuring to Fountain Valley homeowners in a quandary over whether to jump into the busy Fountain Valley spring selling season—or to wait for a less crowded time of year.
This answer, which recently appeared on CNBC’s news feed, is less specific than RealtyTrac’s single date—and for my money, more convincing because of it. And the answer is
The first half of May, to narrow it down a bit. The reason is that a home listed between the start of May and mid-month sells nine days more quickly than does the average. To be absolutely accurate, though, the “average” is the average of home sales everywhere in the country—North, South, East, West, and everywhere in between. Warmer or colder climates can send the answer off kilter, as can market conditions present when the calculations were made.
The basis for CNBC’s finding was a Zillow study, but it was not clear exactly when the data was collected, so there is a possibility that in today’s seller-friendly climate, the best time to sell a house in Fountain Valley might slip a week or two in either direction.
Further scrutiny yielded a two-track answer to the question of what is the best day of the week to list, with Saturdays vying with Thursdays for the honor. The reasoning was that Saturday is when most house hunters are apt to go online to check out the market; but Thursday is the likeliest day because people are gathering info for weekend open houses.
In my opinion, trying to zero in on the absolute best day to list is not nearly as useful as taking the time to identify who will be the best Fountain Valley agent to help you sell your house. Along those lines: do give me a call!
We are built on a philosophy of Heritage & Hustle L3/Weichman Realtors is a full service real estate agency with a regional office located in the heart of #CostaMesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3/Weichman’s mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3/Weichman Realtors was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3/Weichman Realtors has grown to a full staff of 20 serving over 300 clients a year. L3/Weichman Realtors is not limited to serving just its clients; it is also committed to serving the community. Not only has L3/Weichman donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCosta Mesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3/Weichman Realtors and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact L3/Weichman Realtors today at 714-444-4663 or email us at firstname.lastname@example.org