North Texas Real Estate Calendar 2014

By
Services for Real Estate Pros with Consultant

This schedule applies to the North Texas Metroplex only where our high season is summertime.

  • January and February are popular relocation months as the new corporate budgets go into effect even though most families would prefer a move in May or June.
  • March is when we see an increase in Listings and it runs through May. While Sales of Properties are hottest from May until The last week in August.
  • September is quiet. Kids are back in school and families settle into that routine not being interested in moving unless it is a procrastination on someones part kind of move.
  • October-December can be slower months but, the good news is inventory will also dry up and that makes prices rise a nick or two. If Buyers are looking at this time of the year they are serious about buying or they wouldn't be doing it at the colder time of the year.

Now is a good time to list for several reasons:

  1. Mortgage rates are still good which is attracting buyers. I am seeing multiple buyer leads per day right now.
  2. New Mortgage rules will make it more likely that if you do get a offer that goes to contract and the lender says it's good, they are more likely to close as the rules are tighter now.
  3. If you catch a buyer early in the year, you may have a higher offer as it will stay more of a Seller's Market until the April, May timeframe when more buyers are seeking new homes. Offers in March and April may close in May and it is traditionally a high sales month relative to other months.
  4. Expect the closing timeframe to be a little longer this year due to the new mortgage changes. In the past it could take 45 days from contract to close for a VA mortgage. This year I expect it to take that long for most loans and 60 days for VA loans.
  5. While there will be fewer buyers for the next 2 months, the leads I am seeing right now are seeking slightly higher prices, so if your house is in good location and in good condition. It might be a good time to see what you can get for it.

So call or text me and let's see what will work for your needs.

Posted by

Doris Barnett NAR Certified e-PRO Trainer

RE/MAX Associates of Dallas 

1221 Abrams #130

Richardson, TX 75081

972-907-0000 x 212

 

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