Thursday, November 19, 2015

Holidays, Real Estate & How They Correlate!

 Hi Friends,

I know you’re used to a little blurb here and then we provide you a link to a real estate article that I feel is relevant to our current market.  But today I’m changing it up!

As homeowners, we’ve been through a lot of change over the last decade; double digit price increases in the early 2000’s, the most debilitating crash of 2007 – 2013, the dramatic changes in lending and appraising as a result of the crash, and now a resurging market.  That’s a lot of adjusting.

But one of the most interesting adjustments we, at The McLeod Group, are working through is the increased amount of real estate sales that are happening during the holiday season.

Traditionally, we have looked forward to a “quieting” from about mid-November through New Years.  But these days, we’re finding buyers are willing to continue searching, sometimes even on Christmas Eve!

So what do these Buyers know that the rest of us ignored in the past? 

Plain and simple; there’s less competition.

In a brisk real estate market, buyers are frustrated getting their hopes up about a “home,” writing an offer that is competing, and deeply disappointed when their offer isn’t picked.  But during the holidays Buyers know they’ve got a good shot at getting a contract signed!  And they only have one frustration – little to no inventory.

And what happens anytime there is high demand with low supply? – prices tend to go up!

Crazy, right? 

So, if you’re thinking about selling, NOW could really be the right time.  And here’s some specific reasons why:

·      *   Homes show beautifully with holiday decorations. 
·      *  Showings occur in a smaller window of time during the day because of less daylight,
·      *   Winter Buyers are serious buyers
·      *   And your home might just sell for more!

Please call our office at 971-209-2657 if you think now is the time to sell.  I assure you – there ARE ready Buyers continuing to search for just the right home.  It might be yours!

With Warm Regards,

Thursday, November 12, 2015

Is It Wise to List AFTER The Holidays?

Hi Friends,

Every holiday season I find myself in many conversations with potential & current Seller clients about the pros & cons of having their home listed during the holiday season.  And there are times when those clients opt to either not list OR take their home off the market.

While there are reasons why this might work best for a family, it isn't always the wisest of choices in terms of accomplishing the goal of selling their home. 

Waiting Until After the Holidays Isn't a Smart Decision

1. Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays.
2. Purchasers that are looking for a home during the holidays are serious buyers and are ready to buy.
3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
4. Homes show better when decorated for the holidays.
5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:
Supply of Homes | Simplifying The Market

6. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will make a comeback in 2016. This will lessen the demand for your house.

Just a few small reasons why you may want to consider getting your home on the market, even during the holiday season.

Let me know if you have any questions!