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ERA Network News: "Back to School Means Back to Business for Homebuyers"
"Who buys in the fall?" "The Fall Selling Season" survey completed by ERA Real Estate shows that "The higher ratio goes to first-time homebuyers and childless couples" at 27%. The rest of the pie is divided as follows with 20% being Move-up buyers, 17% Downsizing & Retiring Buyers, 14% investors, 11% Military relocations, 6% Vacation buyers and 5% other.
The article says, "Blame it on the traditional school year engraved in our minds since childhood, but many people see Labor Day as the beginning of a new year. Summer holidays are over and everyone goes back to school or buckles down at work. For homebuyers that are looking to move, they typically want to be settled into a new home before the holidays roll around. Also, some people are driven by wanting tax credits in the calendar year." I believe this is true. Fall is a great time to buy and sell in my opinion. In fact, I got my picture in the paper my first year in real estate in November as a top seller. No one told me you couldn't sell, so I went right ahead and sold a lot of homes.
One homeowner asked me today if I thought ... more
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