Wednesday, February 17, 2016

Why List Your Home in February? Starter Homes are Going FAST!

It's not exactly springtime but in February when the weather forecast calls for 40's and rain rather than snow, Minnesotan's can't help but think spring! But we all know that another blast of winter could still be right around the corner. So who in their right mind would consider listing their Minneapolis/St Paul home now?

Smart sellers, that’s who.

There is a misconception out there; People think no one moves until April or even May in Minnesota. It’s can often be so darn cold it literally takes your breath away in February when the temps drop below zero. But Minnesotans don’t hibernate.  We go to work, the gym, restaurants and generally live our lives embracing the cold. Believe it or not, there are Minnesotans who choose to move in the winter. And with the continued very low interest rates, there are many home buyers looking to purchase a first home or move up to a bigger home, better school district or closer to their new job. But since Twin Cities sellers don’t buy into this concept, the housing inventory is very low at this time of year.

Most home sellers mistakenly think it is best to wait until that “hot spring market” when the weather is warm and grass is green.  They assume they will get a better price for their home if they wait until May or June to sell. In my experience, if a homeowner can get their house on the market early, they are more likely to get top dollar and maybe even multiple offers. I recommend to my clients to  try to get listed before the Parade of Homes starts at the end of February if at all possible.

My reasoning?  It comes down to basic supply and demand. There is a demand for affordable starter homes right now and very little housing supply in February and early March. If you can get your home listed soon, you might be hanging the sold sign sooner than expected (and for a good price too!)

Thinking of selling in 2016?
Let me be your professional guide. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of Boardman Realty, a call or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District. Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.   

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