With spring in the air, notions
of fresh starts and new horizons have a way of pushing into just about
everybody’s consciousness. It’s only natural, whether because of the weather,
school schedules, or everything else around us that seems fresh and new. And
something else is in the air, too: if past history is any guide, now is also
simply the most popular time of year to sell or buy area property.
For those with a home to sell,
this is traditionally the most active time to be in the real estate market.
Homes entered in local property listings during springtime can be expected to
attract buyers more quickly, and they stand a better chance of fetching a good
price. With 60% of moves in America taking place during the summer months (most
likely a reflection of the school year schedule), it stands to reason that
spring is a great time to get your local property onto the market.
For potential homebuyers expecting to shop for
a new home sometime this year, there is ample reason to swing into action
sooner rather than later. Local property listings can be expected to conform to
the national trend: at a rapidly rising rate, Realtors® expect constant or higher residential prices in the coming year
(73% vs. 62% just three months ago, according to the NAR). Following the past
few years of price declines, it won’t be surprising if the market’s recovery
brings a rapid rise in prices. Then the bargains people have begun to take for
granted could quickly become tomorrow’s regretful “I could have bought that
house for only $---” stories…that happens again and again. Those who know
they are going to be in the market this year should seriously consider
getting in the market!
For both buyers and sellers,
spring is the most popular season for a number of reasons. Especially for
families with kids in school, or anyone whose business is geared to encourage
summer vacations, it’s also the most sensible time to act. Whether you will be
adding your own contribution to our area’s property listings, or beginning to
comb those property listings to zero in on a new home, do get in touch with me
to help make this spring the one that makes 2012 your Year of the Big Move!
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