A reader asked me this great question today, and I simply don’t know the answer. Can anyone give him some advice?
As a buyer of new construction, we recently found out that the builder wasn’t going to make our late July completion date. Instead the builder estimated a mid-September completion. Ugh, we have a child who will start school in a new school district, so this will cause a hassle.
Anyways, we were planning on listing this week (with an open house on the weekend hosted by our agent) but because of the delay in construction I’m at a loss of what to do. Here are my thoughts on the numerous statistics and opinion I’ve found so far:
- Spring, especially during the last weeks of school is generally one of the best times to list a home
- Listing a home later in summer can increase Days on the Market slightly, but sales price is often unaffected
- Due to the region having great job growth and numerous relocations, the school calendar, has a lesser effect on home sales than other regions.
BTW, we are selling a condo in the Klahanie – Issaquah area. So, long-winded way of asking… Do I:
- List in mid-late June and get a high volume of traffic but have a request that we pay rent through mid-September (roughly 45 days+ if the condo sale closed near end of July)?
- List in mid-late July hoping to close in late August, thereby having to pay rent to stay only an extra two weeks?
- Do something else?