Is November a Good Month to Sell My House?

Posted by John Poltrock on

Introduction

November is a great time to sell your home in Murphy NC and Western North Carolina, but there are factors that could impact the closing process. If you have been thinking about selling your home in November, here’s what you need to consider before getting started.

Homebuyers In November

As a seller, you may think that November is a bad time to sell your house. After all, it can be a little chilly outside and the holidays are just around the corner. But could this actually be a good month to sell your home? The answer is yes! In fact, November can be one of the best months of the year for selling because buyers are more serious during this time. Not only that, many home sellers erroneously think they need to “wait till Spring” to sell. Because of this, they don’t put their home on the market and they miss out on a lower monthly inventory, meaning buyers have fewer homes to choose from. That gives sellers on the market in November a distinctive edge.

In addition to being more serious about buying their new homes, many people have already made up their minds by this point in the year about whether or not they want to make any changes in their lives that might include purchasing another property or moving into an entirely different area altogether. Therefore, if your house isn’t ready for sale yet or doesn’t look at its best currently (e.g., no paint job), then don’t worry too much about it because there will still be plenty of potential buyers looking despite these inconveniences!

Why November is a good time to sell your home

November is a great month for selling your house because it’s not too late and not too early. If you wait until the end of November, it will likely be too late to close on your house before the end of the year. If it is important to close before the end of the year for tax implications or other reasons, the earlier you call us to sell your house, the better. We can help you strategize on how to set you up for success and a sale.

If you’re wondering why it’s a great time to sell your house, take a look at the statistics below.

Challenges to Selling in November

While you should always be aware of the season or time of year to sell your home, there are some additional challenges that can arise in November. Here are a few things to keep in mind when selling in November:

  • You have to plan for inspections more carefully. Buyers view inspections as essential, and timing due diligence/inspection periods around them can be challenging. Inspectors and service providers are frequently out of town for holidays, hunting, and other things. It’s definitely doable to make it all happen in time, it just has to be planned better.
  • The holiday season is the time of year when homeowners have the most on their plates—and it can often make planning a move more challenging. Family events, holidays, and more make it tougher, logistically, to make it all come together. The good news is that is doable as well. We have a great network of service providers, including movers, to make it flow smoothly for you.
  • North Carolina is an attorney state and we need them to close real estate! They’re human just like anyone and want to be able to enjoy the holidays with their family. As a result, they often close their offices around Thanksgiving, Christmas, and New Year. That creates bottlenecks around closing dates. This can easily be worked around with proper planning, which our closing coordinator helps accomplish.

 

Conclusion

If you are thinking of selling your house, it’s important to know that November is a great month to get the ball rolling. Earlier in the month is definitely better so we can properly plan and execute your move and closing. The old adage of “wait till Spring” is frequently not the best strategy as you can see in the stat chart below.

Ready to strategize when the best time is for you to sell and get your house on the market? Give The Poltrock Team at REMAX a call today and we’ll help guide you through the process. 1-866-687-7496 or 828-837-6400.

The Murphy NC Real Estate Market Update – November 2009 Sales are In!

Posted by I Love Murphy on

Every two weeks, we email our sellers and those subscribed to our Bi-Weekly Sold Real Estate Update. Here’s this month’s edition! To get the most out of this update, subscribe to it! Email me at JohnPoltrock@gmail.com with your name, email address, and anything else you’d like to share. We’ll take care of the rest! Enjoy!

christmas tree and fireplace in murphy ncMerry Christmas! With the holiday season in full effect, real estate buyer activity in Murphy NC is beginning to to take its seasonal curb in the mountains. We still have folks here who are coming up later in the month, but more often than not, we’re finding they are looking to find Christmas presents for family members rather than shopping for homes and land. Personally, I think a good piece of real estate would be a heck of a Christmas present! 😉 Once we get past New Year’s, we’ll see buyers beginning to come in. Fear not – all is not lost! The buyers who come in the next several months are not as many in numbers, but for whatever reason are more qualified and ready to buy. Those are great buyers!

Now that November sales are in, we’re able to find out what the real estate market did last month and really get a good feel for things. Here we go:

Home sales for November reached 20 closed transactions in Cherokee County – which is quite an improvement over last year’s 4th Quarter average of 17 sales in a month. In fact, last November’s sales reached as low as only 10 transactions on homes.

Another impressive fact is that land sales last month hit 17 transactions – which is much better than the 13 transactions the market was averaging for land in 2008. Thats very close to the high side of what sold in a month for 2008 – and it’s November! We continue to expect great things from land because there are some outstanding opportunities for buyers out there and they are beginning to realize it.

Inventory is one of the largest obstacles we face in today’s real estate market. The more homes there are on the market, the more chances a buyer has of finding a similar property and buying it. The lower the inventory, the better your chances of selling. In the past month, we have seen the inventory of homes decrease 3.8% (which is a GOOD thing!) and decrease 7.6% from last year. Inventory is coming off the market – nice!

You must be a subscriber of The POLTROCK TEAM’s
Bi-Weekly Real Estate Update to get the Link to
the sold properties for the month of November.
See sold prices, pictures, and descriptions of what’s sold!
Email John at JohnPoltrock@gmail.com and join our SOLD Update!

 

With all this said, this is the last time you’ll get a SOLD Real Estate Update from us until December’s sales are in, so it should be the first of January. Until then, we wish you a

Merry Christmas!!

Written By: John Poltrock, Certified Residential Specialist – www.MyMurphy.com – JohnPoltrock@gmail.com – The POLTROCK TEAM at REMAX Mountain Properties – Murphy’s #1 Real Estate Team – Contact us Today Toll Free 1-866-687-7496