Depending on the time of year, home buyers look at homes with a different perspective. The Spring and Summer are the optimum times to market a home, whereas Winter has the opposite effect. Buyers are more inclined to shop for a home when the weather is mild.
Buyers searching for a new home will do well to remember how seasons are likely to impact real estate. Learn how to obtain the best price while making seasonal variations and weather trends work for you with these quick tips:
Always view homes in person. Although a picture may be worth a thousand words, there are times when a photo can actually lead you astray; overgrown bushes could be hiding a diamond in the rough, while a snow-laden landscape may not show the true beauty and charm of a potential property. Assuming all things are equal, take time to visit a property in person before making a final decision.
Shop during the “off” times. Motivated sellers may need a fast sale due to job transfers or other family situations; unfortunately, they aren’t always able to take advantage of perfect timing. Harsh weather, holidays and other “off” times often result in fewer people looking for properties. Offer fast closing times and other negotiation strategies for a win-win situation.
Purchase extra protection. Seasonal variations can give misleading inspection results if you aren’t careful. Always take the time to obtain a professional inspection and pay close attention to “off season” items. For example, in the middle of winter it’s easy to discover heating-related problems but don’t forget to have the HVAC system checked too. Other common seasonal culprits include pools, irrigation systems, fireplaces and windows. An appraisal is an inexpensive way to guard against seasonal real estate related problems.
Hesitation could be costly. All homes are not bought and sold in the Summer. Circumstances dictate when a buyer purchases a property. There are great opportunities regardless of the season. With home prices trending up and mortgage rates trending down makes now as good a time as any in the recent past to pursue a property. The lack of inventory has delayed many families from the American dream. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home, scan my informative blogs, join my professional networks on Twitter and LinkedIn and easy access to view local area homes for sale in Davis, California and the surrounding communities.