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You are here: Home / Archives for spring

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Why It Makes Sense To Move Before Spring

February 28, 2023 by khproperties Leave a Comment

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Why It Makes Sense to Move Before Spring
 

Spring Should Bring a Wave of Buyers to the Market

In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.

Right now, buyer demand is low due to a combination of normal seasonal trends and a reaction to last year’s rise in mortgage rates. But rates have started to come down since last November, which has more and more potential buyers planning to jump into the market. That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), shares:

“…expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”

If you’re ready to buy a home, right now is the best time to do so before your competition grows and more buyers enter the market.

Today’s Sellers Are Motivated

Low demand from buyers often means sellers are more motivated to work with you, and that can set you up to buy a home on your terms. In fact, sellers have been more willing to negotiate this winter because there are fewer buyers in the market. According to a recent article from Forbes:

“…sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of last year.”

But keep in mind, the advantages buyers have this winter won’t last forever. The competition you face could be greater if you wait until spring to make a move, and increased buyer demand means sellers will have less motivation to negotiate with you. Be sure to work with a trusted real estate professional to learn what you can expect in your local market right now.

Filed Under: Buying a Home Tagged With: spring, moving, buying a home

San Antonio Real Estate Enters Springtime

March 13, 2013 by khproperties Leave a Comment

Spring Flowers

Housing Market in Bloom?

After our short bout of wintery weather, I’m feeling rather eager to see the spring (and even more so the summer). Part of what makes San Antonio so great is the fantastic weather. As the temperatures thaw and our days get warmer, we’re definitely seeing a pick up in San Antonio real estate activity. More people searching for homes, more questions being asked, more phone calls being made, and an overall increase in traffic to this website. As the swallows return to San Antonio (I spotted two this morning), I thought I’d cover a few preparations that you should all be thinking about over the next few weeks as you prepare to sell your San Antonio home.

Selling your home in San Antonio

Spring cleaning – No one loves the thought of spring cleaning, but we all know that a house that sparkles will sell faster. Think of it this way, as March and April move along, many new homes will enter the San Antonio real estate market. If you had two homes to pick from that were similar in shape, size, and amenities; which would you choose – the one that looked like the homeowner’s had kept it shiny and clean through the winter months or the one that didn’t? Now multiply that by the number of homes that are going to be on the market soon and you’ll see the big picture. Your home has to be better than all the rest. Get out the mop and broom, change the filters in your heater, pick up the trash that has blown into the flower beds (it’s been windy this winter), shine up the windows, and clear out the clutter. Let’s get that house sold!

Price right, price strong – You’re going to have a lot of competition in the coming months, so you’re going to want to be priced right from the start. Long gone are the days when you could test the market with a high price and hope someone would bite. Buyers are quick to dismiss a property these days if the price doesn’t suit their needs. In fact, pricing has become more important than ever because buyers are willing to wait out a seller. And once the price reductions begin, the buyers think they’re on to something and tend to wait even more, hoping the seller has only started their desperate reductions. It’s a dangerous game to play. Take a look a comparative market analysis, look at the current market conditions, and devise a marketing plan with your REALTOR®.

Offer more than expected – Sometimes, it’s the little things that make your home stand out from the others. Offering a home warranty or appliances (washers and dryers, media room equipment, refrigerators, etc.) as part of the listing can entice the buyer to choose your home over a similar home in the neighborhood. It’s also less you have to pack on moving day. Don’t think you’ll get a dollar for dollar value for these items though. Today’s buyer is being enticed to new home communities with large incentives and upgraded home packages. Some of your biggest competition is going to be local builders who have the deep pockets to slash prices and give buyers more than than they expect. Although most home sellers can’t afford the kind of incentives a builder can, offering more than expected can be the deciding factor for a home buyer.

Get your home on the market!

It’s time to get that home on the market. So spruce up your home, contact us, and let’s get that home listed! We’ll work to price the home right, get the marketing machine in gear, and get the buyers into your home. From the minute the for sale sign goes in your yard to the day you sign off on the contract and hand over your keys, we’ll be there with you every step of the way.

image courtesy of janoma.cl

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Filed Under: Sell Your Home Tagged With: sellers, real estate market, spring

Primary Sidebar

Why It Makes Sense to Move Before Spring

Why It Makes Sense To Move Before Spring

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in … [Read More...] about Why It Makes Sense To Move Before Spring

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