You've been wondering, when is the best time of year to buy or sell a house?
The answer might surprise you.
Watch today's video for the lowdown on that topic, and stay tuned to the end of the video
for your free gift, which is something that can help you determine the best time for you
to make your move, dependent upon your circumstances.
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Hi, I'm Mary Anglin with United Real Estate Los Angeles, and I am all about arming the
consumer with knowledge before he steps into the arena of buying or selling a home.
In this video, I'm going to share five reasons why what's known as the off season in real
estate can actually be the best time to buy or sell a home.
Take a minute to comment below what your thoughts are on when is the best time to buy or sell.
It's a common misconception that you shouldn't try to buy or sell a home during the fall
or winter, or what's known in real estate as the off season.
Savvy buyers and sellers know how to use the usual market slow down to their advantage.
There isn't necessarily a reason to wait until spring.
In fact, the holiday season is often considered the sweet spot in the marketplace by those
who know how to read the numbers.
Let's go over some reasons why winter may be the best time for you.
The number one reason to sell during the off season is that there's less competition.
This can be particularly beneficial if you're a seller.
In the spring, a huge wave of new listings will hit the market, but if you list in the
fall or winter, you'll have fewer comparable homes competing against you.
In the spring and summer months, it can be difficult for your property to stand out in
the crowded market.
You may end up with a surplus of homes in your neighborhood.
It's not uncommon to see multiple listings on a single street during the peak selling
season.
Inventory in the fall and winter months is usually significantly lower.
That means your home will not only receive more attention from buyers, but you might
also gain the upper hand in negotiations.
Often, sellers net more above asking price in the winter than during any other time of
year.
Buyers also have a lot to love about the real estate off season.
Smart buyers will continue to scan the market during the fall and winter months for hidden
gems that may pop up during this time.
There are always highly motivated sellers who need to sell quickly, and with less competition
to bid against you, you're in a better position to negotiate price.
If you've been looking for a good deal on a home, now may be the best time to look.
While a slow market may scare off some buyers and sellers, it can actually be the perfect
time of year to list or purchase a home.
While the rest of the market is hibernating until spring, you can take advantage of this
to get a jump start on your competition.
The second great reason is that everyone's more motivated.
During the spring and summer, you're likely to encounter a lot of people who are just
testing the waters, but the serious buyers and sellers stay active during the cold winter
and the holiday season, often because they need to move quickly.
In fact, homes listed in the winter sell faster than any other time of year.
January and February are peak job hiring months, and life changes, like marriage, divorce,
and new babies come year-round.
While families often find it more convenient to move during the summer, the reality is
that people don't always have the option to wait.
According to the National Association of Realtors, 55% of all buyers purchased their homes at
the time they did because it was just the right time, not because of seasonal factors.
If you prefer to deal with serious, highly motivated buyers and sellers, who won't waste
your time, then the off season may be the perfect time for you.
The third key benefit to buying and selling in the off season is the level of increased
personal attention you'll receive.
While I strive to provide unparalleled client service throughout the year, we simply have
more time available for each client during the slower periods.
Similarly, we find other professionals in our network, including title agents, inspectors,
appraisers, insurance agents, escrow agents, loan officers, and even handymen are able
to respond faster, and provide more time and attention during the off season than they
are during the busy summer and spring months.
The result is a quicker and more streamlined closing process for everyone involved.
Now let's talk cost savings.
Clients who move during the off season often report significant cost savings.
Moving costs may be discounted by up to 15% or more during the winter months, and moving
companies can typically offer more flexibility in their scheduling.
Home renovations and repairs can also be less expensive during this time of year.
Whether you're fixing up your property before putting it on the market, or renovating your
home before you move in, contractors and service providers who are hungry for business are
often willing to work for a discount this time of year.
If you wait until spring and summer, you may be forced to pay premium prices.
Home stagers and decorators are also more likely to negotiate their fees during the
winter, and you can often score great deals on new furniture and home décor during the
sales.
Whether you're buying or selling, count cost savings as another compelling reason to move
during the off season.
Finally, let summer be your summer.
No matter how wonderful your real estate agent might be at making your buying or selling
experience as easy as possible, you must admit that buying, selling, and moving are stressful
activities.
Why not get those out of the way during the winter months?
Then when summer comes along, you can go on vacation, spend time with picnics, barbecues,
camping, swimming, or just enjoying your new home.
Making your move in the off season lets you enjoy summer as it should be enjoyed.
Now that you've heard these points, when do you think you'll be ready to make your next
move?
Comment below, and don't forget to click on the link in the description box below for
your free gift, a link to my special report regarding winter home sales and purchases.
If you're in the San Gabriel Valley or the Inland Empire, and are in need of a realtor,
I'm right here in West Covina.
Just give me a buzz.
I look forward to connecting with you.
If you enjoyed this video and found it helpful, give it a thumbs up, and make sure you subscribe
so you don't miss any of my upcoming videos, and be sure to share this with whoever might
benefit.
I'll see on the next video.
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