How do you time a sale?

Timing a sale is not always easy...a sudden work transfer can make it imperative or a private school contract could hold you back. In Hoboken, the two best times to put a property on the market are Fall and Spring. Spring starts as early as mid-February now and the market activity largely dries up by June 1st, beach season. This year, the busiest months in our office were April and May and the first half of June.

Our slowest time of year is August and January. These months are dead slow. I anticipate new properties and activity will pick up after Labor Day. During the real estate "seasons" is the best time to sell...more buyers out there, more market interest, even though there is greater competition as well.

Three rules of timing an efficient sale: try to put your place on the market during the height of the Fall or Spring season, in the best condition possible given your budget, and at a competitive price. A property has the best chance of selling and selling at a good price if you obey these three rules.