Today's Real Estate Market is influenced by many factors (such as interest rates, employment, economy, etc.). It's always difficult to predict from one year to the next when the "best time to sell" is. However, there are some trends that continue from year to year.
Traditionally people have thought that late spring or summer is best because there are often more sales closed during those months. However, there's a problem when using figures of closed sales to measure salability. The problem is that there is anywhere from a 30-90 day gap in the time when a home "sells" (accepts an offer) and when that sale closes. Thus, figures of the number of closed sales is really an indication of market activity one to three months previous.
With the difficulties in the lending industry, we've had a bit of a roller-coaster ride this fall. Some home buyers decided to wait and see how the market worked itself out. More bought while the market was making huge gains, and are ready to move up. A few will have adjustable rate loans that are due to change, often making large increases in their payment and making it an ideal time to move.
Buyers will need to make some advanced plans. Getting pre-approved is a good idea, both to give an idea of your payment and price range, and since loans are taking longer and requiring more paperwork than they did last year at this time.
Add these Buyers to the usual winter holiday slowdown, and we are expecting a big surge in activity this January and February. If you are considering selling your home, please call now! We have some of the best marketing in the business; let us show you how we can get your home sold quickly and for top dollar!
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