When is it best time to sell a property in Bergen County NJ?

Question

I have a single family property in Bergen County, NJ that is in an area zoned for 2 family. If I sell, I would imagine that the buyer would probably tear the building down and build a two family.  I haven't yet made the decision to sell but I would like to know if there is a time of year that is better to sell-i.e. Is it better to sell in Oct/Nov or April/May? Would it make a difference if I waited until next year to sell? I know there is no timing the market; however, I have heard there are better times of year to sell. Also, how is the market right now for sellers in the Bergen County area in general?  Any input would be appreciated. Thank you!

Brian Spatz · Answer

Mary, keep in mind that if your target is likely a builder, they don't work on the same seasonal time frame the average home buyer is on. From the moment they aquire the property, it will take them anywhere from 4-8+ months to get the project turned around. From planning to architectural to zoning and permitting, etc, Now might be the best time for someone who wants to finish and either move in, or sell the property themselves next spring.

In most towns around here, it's still a sellers market. Id recommend you consider getting it listed while the odds are in your favor. Spring may generally be the best time, but remember nobody can forsee the future.

Or build a 2fam yourself and flip it to an owner-occupant come spring :)

Oleg Shalumov · Answer

Normally people do not like to move in the Winter, and the prices are usually lower that time of the year.

Kevin Hill · Answer

Homes sell year round but spring is generally the busiest time April through June. We see an uptick again after Labor Day to about Halloween. Sometimes it depends on the winter weather.

Chris L. · Answer

Thank you for your input #Kevin Hill and #Oleg Shalumov

When is it best time to sell a property in Bergen County NJ?

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