Timing makes a big difference when It comes to selling South Lake Tahoe real estate. At least, if your goal is to sell quickly and for the most amount of money. Some folks have the luxury of time and flexibility when it comes to the bottom line, but most do not. If you want to sell fast and for the most cash, below are some great tips that will determine when is the best time for YOU to list.
You want to be ahead of competition. Most sellers assume the best time to list South Lake Tahoe homes for sale is from April through June. However, the winter months like December through March are actually a wonderful time to put your home on the market for a couple of reasons: You are ahead of the spring rush and have less listing competition AND Tahoe is a resort market. As a ski town, we are a hot destination during the winter too, which means if we have a heavy snowfall, our cold weather months can bring just as many buyers as the warm months.
The local market is a factor to consider when listing South Lake Tahoe homes for sale. While the U.S. housing market plays a role in home prices, most markets do not follow the national trend. As discussed above, this area is a second home, resort market. Which means things work a little differently compared to major cities or suburban areas with year round jobs and an economy that is not solely tourist driven.
Mortgage rate trends also play a big role when it comes to listing South Lake Tahoe homes for sale. More people buy homes when rates drop as it gives them more buying power. The littlest interest rate can impact someone’s ability to afford a home, whether it is moving on up, or having to downsize. If the rates drop, someone may be able to afford South Lake Tahoe real estate they otherwise previously could not have purchased. Or if they go up, they may not be able to buy a home they could have afforded just a month or two prior. This is a huge factor for sellers to pay attention to.
The condition of your home is something to keep in mind. To get top dollar, homes for sale in South Lake Tahoe must show well. If your property is ready for market, disregard. However, if you need to make a certain amount and your South Lake Tahoe real estate needs a LOT of work, you may need more time to get it ready.
Your personal circumstances are obviously the biggest factor here. If you are moving or family circumstances have changed and you must sell soon, then contact your South Lake Tahoe Realtor to start the process. If you have a little more time and want to be prepared, give us a call and we can provide plenty of info on what to do prior to listing homes for sale in South Lake Tahoe. Our brokerage is made up of plenty of established, local and experience South Lake Tahoe Realtors who would be happy to help.