Rosenthal Wealth Management Group Urges Home Sellers to Start Planning Now for Top Dollar Spring Sales
WASHINGTON, February 19, 2019 (Newswire.com) - Homeowners planning to sell their personal homes in the near term are being urged by a top financial planner to begin taking steps now to maximize the return on what is oftentimes the largest financial investment of their lives.
According to Larry Rosenthal, President of Rosenthal Wealth Management, “For a variety of reasons, the financial well being of many people is associated with homeownership and that includes, most importantly, both the sale and purchase of those properties.”
“If you believe in selling high and buying low, the first thing you have to understand in order to sell high is that there are timing peaks and valleys in your selling and buying market. Timing is everything and that is never truer than in real estate. And the optimal window to sell your homes quickly for top dollar is the spring and early summer,” said Rosenthal.
Further, Rosenthal says that recent studies identify that optimal selling window even more precisely. For example, those studies show that the best selling time in Washington D.C. is May 1 to May 15.
“Every major market has a different window depending on a host of factors such as weather and local economic conditions. And there is no question that the impact from poor timing decisions on home sales is certainly thousands, perhaps even tens of thousands of dollars,” Rosenthal said.
Rosenthal says that homeowners need to be careful not to underestimate the time it takes to get a home prepared for a top dollar sale. One expert lists over 30 steps that should be taken. Rosenthal says that over 80% of homeowners undertake repairs and renovations prior to sales.
"Homeowners need to create a plan or a schedule now that identifies a target date for their property being available for sale. Then, with that date in mind, they need to schedule the indoor centric prep tasks such as painting, carpet cleaning etc. for the next few months. And they should be targeting the outdoor tasks such as outdoor painting, landscaping etc. a bit further down the road when the weather allows for outdoor activities."
As a much sought after financial advisor, Rosenthal has appeared regularly on Fox Business News and has been quoted in The Wall Street Journal, CNNMoney, U.S. News and World Report, CNBC’s The Nightly Business Report, The Washington Post, USA Today, Money, Bloomberg, The Chicago Tribune, The Fiscal Times, Kiplinger’s Retirement Report, Consumer Report’s Money Advisor, The Washington Times, Financial Planning, Financial Advisor and others.
Rosenthal has been providing financial counseling for about three decades. He presently has offices in Mclean, Manassas, Stafford Virginia, and Baltimore, Maryland. Additionally, he has co-authored the book “Financial Success in the year 2000 and Beyond.” His next book is expected out mid in 2019.
Rosenthal is also the host of “Making Money Sense,” a radio show that has aired every Saturday morning on DC’s WAVA from 9:00 – 10:00 a.m. since 2004 and is now nationally simulcast via satellite on SiriusXM channel 131.
Investment advisor representative and registered representative of, and securities and investment advisory services offered through Voya Financial Advisors, Inc. (member SPIC). Rosenthal Wealth Management Group is not a subsidiary of, nor controlled by, Voya Financial Advisors, Inc.
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Source: Rosenthal Wealth Management Group