Summer is in full bloom! Parties, picnics, festivals and more! Go on a daycation, staycation and yes, take a vacation, but not from your goal of making a move. Many tend to view the summer months of July and August as a down time for real estate, but there are awesome reasons why moving forward just makes sense.
1. Less competition, more value.
In the heat of Spring market, competition was fierce as we said our goodbyes to the Polar Vortex. Inventory remained low and caused many a bidding war. Properties for sale now are listed by motivated sellers that have the same goal you do: making a move. If you wait until the kids are back in school like many will do, you’ll need your helmet for the fall market.
2. Interest Rates are still low!
Crazy low. So, if you are selling and you didn’t get your ideal price or you’re looking at a price reduction, fear not. You’ll make it up on the flip side. According to Keeping Current Matters, if you wait until next year, it will cost you more as the latest survey of financial analysts shows.
3. There’s more time to investigate, negotiate and be creative!
You’ll have time to explore neighborhoods more thoroughly to find out what’s important to you and you’ll have more time to figure out what’s important to the buyer/seller depending on your circumstance. If you own a time share or 2nd home, you can offer a vacation. If you’re currently renting, trade places with the sellers who may need more time to find their own home or build one. There’s no limit to what might work when you have more time to bring a transaction together.
If your property is currently listed, Forbes magazine offers some great selling tips for Summer!:
- Push the inside out. Don’t forget about outdoor living space.
- Keep it green and flowery.
- Keep it cool.
- Offer summer treats!
Our goal at Courtney Dudek Real Estate is to offer you every real estate and community resource to make the move that’s right for you, no matter what season it is! Enjoy your summer adventures!