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How Buying or Selling a Home in Spring is Like Driving In Rush Hour
Posted by Cary W Porter on
by Karen Briscoe
Key Takeaways
- There are benefits to avoiding peak real estate seasons for home sellers, like less competition. The buyers in the market are often more motivated.
- The benefits for buyers in the offseason can go the same way, because sellers are also more motivated.
- Ancillary services, like home appraisers or lenders, are more available during the offseason.
Traditionally, the spring real estate market is March through May, but in many markets it can start as early as February, around Ground Hog Day. Sometimes sales continue to be robust, and the peak selling season will stretch into June.
Lessons from rush hour
Rush hour for traffic in many metropolitan areas is from 7 to 9 a.m. and 5 to 7 p.m. Commuters…
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KIRKLAND, Washington (Feb. 6, 2017) – Western Washington’s “high velocity” market continued during January with the number of pending sales (7,745) outgaining the number of new listings (6,507), according to new figures from Northwest Multiple Listing Service.
In spite of the record snowfall from Seattle to Spokane and down to Portland our markets have been amazingly HOT.. (And that certainly doesn’t leave Arizona out, which even though use to the warm temperatures is also setting records for the number of transactions this early in the year!) Just last week we had 16 new listings which is a RECORD for the last week of January 1st half week of February. It is wonderful seeing many of you getting out there and spreading the word. At The Cascade Team we have so much more to offer than other brokerages in this crazy market, and with homes flying off the market in only a day with as many as 30 offers our value proposition is just enormous.
“The greater Seattle area saw the fifth highest average…
Toured the limited inventory available in Snoqualmie Ridge this week with two agents on my team. Great to get out there and see the homes in the area. Some sellers/listing agents are seemingly trying to take advantage of tight inventory by pricing homes at lofty prices hoping that the demand will attract that one buyer. It's one pricing strategy but it may not be the best as it can really get a seller in a 'tight' market anxious as they see their house sit on the market for longer than others homes that have gotten under contract quickly and closed. There is also the letdown of not getting the multiple offer situation that many hear about. They can also be letdown by receiving below asking price offers when they might have had it in their…
