25 Jan When Is The Best Time To List Your Townhome?
Plan, Prepare, and Profit with the Petrasheks
Finding the right time to list can greatly maximize the sale price of your townhome. In Minnesota, people typically list their homes during the Spring Market. But is this the best time for you? There are other factors to consider including your local housing market, job growth, and of course your personal finances.
- Selling in Spring – As you can see from the trends, spring is a great time to list your townhome. You have the winter months to prep your home in time for people shopping when the weather gets warmer. With tax returns, warmer moving weather and summer right around the corner, it’s easy to see why spring is the most popular time to buy and sell.
- Selling in Summer – Similar to spring, summer has the warm moving weather, summer break, and simply more sunshine hours to visit different properties. The only negative of listing your townhome in summer is that’s when most people take their vacations. This is generally the reason for the summer inactivity.
- Selling in Fall – Most buyers shopping the fall may be trying to move before the new school year or because of a job transfer. Typically we see a slight rush as people are trying to get settled before school starts and before the weather gets bad.
- Selling in Winter – Winter is traditionally slower for homes sales, especially in a state like Minnesota. Usually, the homes you see for sale are vacant from the sellers moving to another state for retirement or a job transfer.
Local Job Growth
If your local job market is booming and your area has businesses developing, it’s a great time to list your townhome. There are likely job seekers or recent transplants eager for housing in your area.
Best Time for You
What is all boils down to, the best time to list your townhome is the best time for you. This is a very personal decision and there are plenty of factors to take into consideration. Keep these in mind:
- Emotional Planning – It’s important to make sure you’re emotionally prepared for this move. Your reasons for moving can be completely logical like upgrading to a larger home. These reasons still don’t make it any easier to leave the memories associated with your home. Take your time.
- Lifestyle – Job changes, relocations, family size, and downsizing are the typical reasons for moving. Find things that you love about your current area and look for them in your potential new neighborhood for a more natural transition.
- Finances – If your home has gained equity, the value you’ve built may be enough to get a great down payment on your next home or could go towards your retirement/savings.