As this is my first such post I would first like to introduce myself. My name is Justin Anderson and I am a REALTOR® with an ABR® (Accredited Buyer's Representative) designation at Property Plus Realty out of Elk Point. I service St. Paul and the surrounding area, in the marketing and sale of residential and recreational property as well as assisting buyers with the purchase of these properties. I am excited to say that I will soon be able to assist you with your commercial sales and purchases as well as any property management needs you may have.
This post will be the start of a series of posts where I answer your questions. I encourage you to email me at firstname.lastname@example.org or send me a private message with any questions you have. I will try to answer one question weekly.
I would like to start with a question that I had a client ask me just the other day, and it is a very common question that I get during the winter months, and it is, when is the best time to list my property?
This is an interesting question that, for me, has only one answer, RIGHT NOW! Of course typically in most real estate markets, the busiest time would be in the early spring and fall but if you are considering listing your home then my answer is always right now. Most of my clients are surprised to hear that answer in mid-December when it is -30 outside but here are my reasons to make this decision.
First of all serious buyers are almost always researching and looking for a property. Sure no one wants to move in the dead of winter but if your property fits the style, location, and budget of a potential buyer then that will not even be a consideration for them. As other potential sellers are waiting for the "busy" season you may have taken their buyer off the market through the sale of your home before they even get their property on the market.
Secondly, the town of St. Paul had an average DOM (Days on Market) for a single-family residential home in 2020 of 128 days. Meanwhile, in 2020 the town of Elk Point had an average DOM of 263. If as a seller the concern is moving in the winter then a December or even a November listing, in most cases is going to sell during the warmer months. Yes there is the possibility of a property selling much sooner and having to move in the dead of winter is not always convenient but you are in the market to sell your home and if you put that sold sign up in January then that is a win!
Finally, more often than not sellers decide on the spring market to list their property. Although the market in St. Paul, Elk Point, the surrounding county, and communities in between, may not be as busy as some of the major centers, this is still our peak season for buying and selling.
In the end, there is no set rule as to when you should list your home to get that sold sign up! Whatever decision you make, the decision is yours and you will list when the time is right for you and your family. I will be ready to work hard for you and to make the process run as smoothly as possible.
Property Plus Realty