Q: Should I take my house off the market for the winter? What are the pros and cons? A:
A:Here's what some real estate agents had to say.
Rita Varriale a licensed associate broker at Daniel Gale Sotheby’s International Realty in Glen Head:
- Motivated and serious buyers will resume their search right after the holidays while interest rates are still low -- rain, sleet, snow or shine.
- Come spring, your property will have to compete with all the others on the market in the area.
- Inclement weather keeps buyers indoors and makes it difficult to hold open houses for maximum exposure.
- Buyers can’t appreciate the home’s curb appeal if it’s covered with snow and ice
Joan Bischoff van Heemskerck, managing director of North Fork and Shelter Island and associate broker for Town & Country Real Estate:
- The only reason to take your home off the market is if you choose to keep it.
- Trying to "time" the market is impossible.
- Interest rates are at an all-time low -- a major incentive for serious buyers.
- Calculate your real monthly costs of owning the property while it would be off the market. The costs may outweigh any market improvements in the near future.
Diane Saatchi, a senior vice president with Saunders & Associates in Bridgehampton:
- Removing a house from the market confuses the brokerage community.
- It doesn’t necessarily translate into a shorter time on market.
- Your house won’t be treated as a new listing when it comes back on.
- Display large, mounted photos of the house during the summer displayed at home and/or on the web.
- There’s no substitute for a correctly priced house -- winter, spring, summer, or fall. A listing pause -- however short -- can cause a seller to miss that one buyer.