Is it Better to Sell a House in the Spring?
Man photo by Sutha Kamal via Flickr. Photo illustration by Barbara Eldredge

A Brownstoner reader has put a single-family home on the market, but the offers coming in are lower than expected.

hkhouselove writes:

We greatly underestimated the current down trend in the market for the fall, while trying to sell a SFH in a very popular part of Brooklyn. We have read it is the worst market for sales since 2008? We currently have an offer we are considering that is definitely below the market value of our place, and quite frankly we are insulted by it. We are not desperate to sell, but do intend to sell within the next year in order to move on to our next home. (Which needs to be funded by the current place being sold.) Is there a real benefit to coming off the market now, and coming back on in the spring? Or is this as good as it gets for the short-medium term pricing. Any input welcome.

Should they accept the offer, or take the house off the market and try their chances in the spring? Share your thoughts over in the original post.

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What's Your Take? Leave a Comment

  1. I work in real estate and own a SFH in Cobble Hill. The amount of high quality office space being developed in Brooklyn, especially in Downtown will introduce a new paradigm of many more people having the option to walk to work vs. commuting into manhattan. If you are in the vicinity of Dumbo or Downtown BK, I think there is a case to hold tight as people start moving into the new buildings over the next 6-12 months. The high end office space being built introduces a new type of buyer who is living in Townhouse Brooklyn out of convenience… I personally know many business owners who are moving their offices to the new supply in Dumbo/DTBK who are already starting to look for a home here coming from Manhattan.

    All that said, there are dozens of triggers for a real estate collapse (now and always).