Yes, real estate is seasonal. In some cities this is more
apparent than others, especially places with harsh winter weather. In the D.C.
area, however, many buyers jump into their home search in January instead of
waiting until March or April as conventional wisdom dictates. When Redfin
crunched the numbers over the past five years, we found that 51 percent of
homes listed in the winter sold above asking price, compared with 50 percent in
the spring. If you want the best shot at selling your home quickly and for the
most money, list in the first half of the year. The percentage of homes that
sold over asking price dropped to 44 percent and 43 percent in the summer and
fall respectively in our region.
Spring and summer are the most active seasons of the year
for real estate and property management alike. Most people use this time of
year for moving because the kids are out of school on break and the weather can
be counted on for clear skies and sunshine. Buying and selling a home this time
of year can be exciting, whether the move is across town or across the Country.
But, the process can also be hectic and overwhelming.
Be aware. Do some research, talk with friends and family. It
is important for you to be knowledgeable and aware of what is going on with the
housing market in your area. If homes in your neighborhood have sold recently,
find out for how much and how closely the home resembled your own. If you are
moving into a new area and you are shopping for a home, do some research on how
long the home has been on the market and what it has sold for historically.
After all, buying a home is the single biggest purchase most people will make
in their entire lives. You want to make sure that your investment is protected
and will continue to accrue.
If you are buying or selling a home this summer –
congratulations and good luck with all of your future plans. Following these
steps will help to make the process that much smoother.
For more - The Home Service Club Reviews
No comments:
Post a Comment