"I guess we missed the best time to sell this year." A Palos Verdes home owner who is considering selling a property recently made this statement.
My reply was, "Not necessarily." We went on to discuss the merits of listing a property during the fourth quarter of the year. Yes, the holidays are on the way and hopefully for parched Southern California El Nino is approaching as well. However, the real estate market rolls on through all kinds of weather, calendar events and economic ups and downs.
I often relate my personal story of purchasing a Palos Verdes home between Christmas Day and New Year's Day in 1989. I flew into L.A, viewed about 20 properties in various locations and drilled down my location of choice as Palos Verdes. Before I left L.A. to return home to Florida (and after staying up most of the night comparing properties on paper and in my mind) I notified the agent to write an offer on the Rancho Palos Verdes house that was the best fit for my family and finances.
Back in the pre-Internet and e-signature days the process was a bit more laborious and time consuming, but within the week we were in escrow and I was back home in Florida. It was a home purchased at the height of the holiday season. Yes, there really are buyers shopping for houses during the holidays.
To read more about the pros and cons of listing your property during the autumn months click here.
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Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.