Construction is cyclical. You should sell your house now and then buy it back in five years when the workers all leave and the market goes down.

Pretty good idea! Only problem is I'd have to have a place to live and would end up overpaying for that...

You could always ask for another appraisal.

Funny timing of this thread.
We are soon to be first time home sellers and we actually just accepted a counter offer on a home in Spring Hill.

We're trying to finish up stuff to List this Olathe house by 8/1.

Good luck Neighbor!

Also looking for recommendations for Inspectors / Appraisers

Update: All's good!

:)

So, the appraisal ?

I bought my house with an FHA. The lending bank did its own appraisal and it was 8k lower than the owners'. The owners had to drop the price or not sell to us.

If its a cash sale - you have no issues. However, if buyer is getting a mortgage, someone (you drop price or buyer puts more money down) will have to come up with the difference between appraised value and selling price.

We lived in a townhome back in 2003 that the owner wanted to sell. We had it appraised for $250k, presented it to the owner and watched him laugh. He said he's get at least $400k for it and appraisers are generally off.

We bought our current home instead while he sold the townhome for $409k three weeks after we moved out.

Resurrecting this thread for a question of my own.

We're planning on selling/moving this summer so we had a realtor come over for some advice. She's trying to convince us that it would be better to put the house on the market now rather than in the spring/summer because there is much less competition in the market right now. On one hand this seems reasonable, but I can't help thinking that maybe she's telling us this to drum up business when things are slow.

Has anyone had experience selling in winter vs spring/summer?

Moving always sucks.

Moving when it's cold as $#it outside is miserable. Could be impossible on the day you plan for if there's snow or ice.

I'll bet there is less competition...

Good to hear. It might have taken a 40K jump if comparable sales in the area are in line with what you are asking.

Sold in winter in 24 days.
Realtor told us the same about less competition but I did not put a lot of weight on it as there are also fewer people looking to buy

I listed my house the day before Thanksgiving. I was hesitant and thought it wasn't a great time to sell, but my agent explained to me the stories of best time/worst time are really just fluff.

Are there more houses on the market in late spring and summer? Probably....but mostly because it's easier time for seller's with kids to plan every thing out and have ample time. That being said, when I listed in lat November, I had about 20 showings in the first 2 weeks, 3 offers, and was under contract in less than a month. Closed first week of January.

Bottom line, people are always looking. And buyers shopping in the winter months are usually a little more serious and not the typical window shoppers. But I don't think it honestly makes a gigantic difference either way. Tell your realtor you're going to list when it makes most sense for you.