While the decisive game determines the winner for the football season, it concurrently heralds in the “spring market” for Real Estate. Yes, the spring market beings, right after the Super Bowl, even though according to the calendar it is still just late winter.
Why? Traditional wisdom is that buyers start to look in late February, so that they can move in time to be settled in for the new school year.
From a seller’s perspective, putting one’s house on the market at the advent of the season ensures the maximum market exposure. No one knows how many buyers there will be, so making the most of this window is imperative.
From a buyer’s perspective, it is important to be looking in order to understand values.
Even this fall, we have seen multiple offers on houses during the first week they came on the market. Buyers are educated and know value when they see it. Being ready to make an offer by being pre-approved and working with an agent who knows what it is you are looking for is key to taking advantage of these opportunities.
As my mother used to say, “The early bird gets the worm”.
Contact me at- jdzaluk@houlihanlawrence.com
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Yes the early bird gets the worm! It seems to me that houses move if they are priced right. I think that means priced attractively so as to motivate buyers to bid. The more bidders, the more confident the seller can be that they got the best price.
Just a thought! Good Blog.
Comment by Francis Goldwyn January 25, 2010 @ 5:44 pm