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Updated over 8 years ago on . Most recent reply

User Stats

108
Posts
35
Votes
Charles Moore
  • Investor
  • Lake Forest Park, WA
35
Votes |
108
Posts

What month to list my Seattle property in 2016's hot market?

Charles Moore
  • Investor
  • Lake Forest Park, WA
Posted

Hi, all,

I will be listing my north Seattle area condo for sale later in 2016 - most likely September after my tenants' lease is up Aug 31st. At least, that was the original plan.

My tenants contacted me recently and stated their own offer on a house was accepted, but it's new construction that won't be ready until November 2016. They're asking if they can stay through then and are willing to pay a higher rent during those months to compensate, so about 3 more months. That would put me in December to list with a sale in January being the most likely scenario.

So my question is, given how hot the Seattle market has been this year, would it make any difference if I listed the condo in September or December? Fall months traditionally get the seller better pricing and faster closing than winter, but does Seattle's hot market override that? Would those few extra months see prices continue to rise, while a bit more of the mortgage is paid down?

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