You can expect your property to sell faster sales and for a better value during May when selling your home, apartment building, commercial real estate or any investment property as well.
Burlingame, CA (Vocus/PRWEB) March 31, 2011
Many property owners assume that the summer months are best time to get a good price for homes or investment properties, but Wayne Gomes, a real estate agent in San Bruno, says that the best time of year to sell is actually the month of May. Even though the summer is the most active time for buyers and sellers, it also brings more seller inventory, which continues to rise all through the summer. Supply and demand rules state that prices are high when inventory is low with good demand, so May tends to fits the mold for the best month to get the best price, because demand is up but supply is still low.
“You can expect your property to sell faster sales and for a better value during May when selling your home, apartment building, commercial real estate or any investment property as well,” states Gomes.
“Why the month of May?” buyers and sellers ask. The answer is that buyers are trying to get a head start before the summer gets busy. But many sellers wait until later, mistakenly thinking that summer is the best time to market their property. These conflicting trends leave a little window in May that savvy sellers can take advantage of to command a good price.
“I always try to get my sellers to move earlier for this reason and, if possible, they do just that,” Gomes explains.
Even investment properties like apartment buildings and commercial real estate do better in May. Investors may have plans to leave town during the summertime, so they hope to get business done first and may be more likely to invest in a particular property when there’s less inventory on the market. Being ready at this time is the seller’s advantage.
For more information about the best month to sell a home, apartment building, or investment property, contact Wayne Gomes - Broker Associate at Coldwell Banker at 650-558-4318.
To learn more about Wayne, visit his website at waynegomes.com or connect on Facebook at http://www.facebook.com/waynegomes2.
About San Bruno Real Estate Agent Wayne Gomes
With over thirty years of experience under his belt, Wayne Gomes has learned the ins and outs of real estate after successfully selling homes, condos, apartment buildings and commercial real estate which include retail and industrial properties since 1978. Located in the heart of Burlingame, Wayne helps people buy and sell real estate in San Bruno, Millbrae, and all other Peninsula communities ranging from San Francisco to Redwood City.
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