I know my market typically slows down considerably in August. The grass is brown and homes don't look as "fresh" as they may have in May. Agents and buyers take vacations or are focused on back to school shopping and feeling the looming deadline of getting everything done they wanted to get done this summer.And for those with kids at home, it's easy to say "let's just wait 'til the kids are back in school".
If you're interested in buying but think it's better to wait, you may want to rethink that plan.
- August, like December provides some very good buying opportunities. Sellers who listed in the spring may be more open to price or other concessions in order to "be done" before the end of Summer.
- We're seeing multiple offers on lower priced homes. So if you're looking in a competitive price range, the chances are good there will be less agents out beating the path for their clients and many buyers otherwise distracted with parties, vacations and "to-dos" In other words, as the early (or only bird) you're more likely to "get the worm".
Don't table your home search just because Summer is waning.
If you're serious about making your best deal, August may provide you the best opportunity to do just that!
Buyers and agents will come back to the market in September, and sellers will feel as if they've gotten a new lease on things; having weathered the dog days of August They could feel as if they have some time between September and the holiday market and may be hunkered down and ready to wait it out!
Also, if you do have kids, by making a purchase decision in August, you'll have a contract signed around and be able to register your kids for school ...not to mention you'll be relaxing in your new home in September while everyone else is still trying to find theirs!
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