With housing prices at an all time low and spring in the air this equals buying season. From investors to first time home buyers, everyone is looking for a deal or a steal especially with little to no repairs needed. Buying season usually runs from April to September. People move during this period for various reasons, some strategize on the kids leaving school or moving before the next school year. While others look for more space or to downsize. Some just season a bargain & realize they can get more house for less.
With buying season comes the competitiveness of buyers and investors. Along with multiple offers before a seller can sign off on one offer in order to change the status in the MLS. I had a client ask me how come many agents do not change the status when they have offers on a property. I explained they could change it to contingency (reviewing documents) but some agents either aren't aware, don't care, or are waiting for the seller to sign off on a contract before doing so. Also it's the reason I called before we even went out to view the properties or we would of been wasting time.
With buying season comes the longer days to view more properties & to see more in the houses with those that don't have electricity, the nosy neighbors who watch everything then come and talk to you because they want to see the inside of the house or tell you how the neighborhood is and how long they've been living there, the kids playing in the neighborhoods, again the multiple offers of the the better lower priced houses, the listing agents not returning calls, the houses needing much repairs because of foreclosure, the banks taking a while on some short sales. Yes it's buying season again, buyers beware if you snooze you lose especially at the current prices.
Damon J. Brockenberry (Damon The Agent)
Your Washington DC Area Realtor
Servicing Washington, DC, Maryland, & Virginia
cell: 240-694-6460 e-mail: sold@damontheagent.com
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