With the winter chill in the air it is not uncommon for those of us in the real estate business to meet sellers who say, “I’m going to wait until spring to sell.” Spring is the busy time of year in real estate. That being said, spring is not necessarily the best time to sell a house. Here are 4 reasons why winter might just be the very best time to sell your home.
1. Serious Buyers – It gets dark out by 5 o’clock in the afternoon and it’s cold (by our standards). Buyers that are out looking at homes this time of year are serious buyers. They have narrowed down their search so that they can avoid wasting time in their very short days. Sellers that list their home now may have less showings than spring months, but every buyer through the door is potentially THE buyer for the home.
2. Competition – There is less home sale competition in the winter. Less competition means you have greater access to the pool of potential buyers. Why sell a home when everyone else is? If you are looking to gain maximum value for your home, the easiest way to do that is to sell when there is very little competition.
3. Interest Rate Certainty – If you are selling your home so that you can buy a new place right away, then moving forward now makes the most sense because you know what the rates are right now (or can find out by calling your loan consultant). Rates are volatile and there is no saying what they will look like months from now. Eliminate the uncertainty by moving now.
4. Non-Contingent Buyer – Let’s say that you are planning on buying another house. You could sell your house now and move into temporary housing until spring. This gives you huge leverage when you go to buy a house next. Because you will not have to make offers that are “subject to selling a house.” In the spring, the market gets more competitive so buyers who have to sell a house are pushed to the low end of the totem pole when there are more buyers making offers. If you don’t have a house to sell, you will have an easier time buying your next house. OR if you do want to move from one house to the next- your subject to selling offer may be more welcome by Sellers in winter.
There is no absolute perfect time to buy or sell a home. We work with customers all year long through every season. If you are considering buying or selling a home, call us. Together we can design a strategy that is best for YOU and your family alone.
We have been putting qualified Buyers and Sellers together in the Temecula Valley since 1998. Put our experience to work for you today! (951) 522-0518 or email@example.com Gary and April Greer
This entry was posted in Buying and Selling Homes, Menifee, Murrieta, Selling Tips, Temecula, Wildomar, Winchester and tagged Hemet, Lake Elsinore, Loan and Finance, Menifee, Murrieta, Selling Tips, Temecula Valley, Winchester.
by buying or selling real estate with us. You choose from the organizations listed below where 5%* of our earned commissions will be sent. It’s that simple. We are already supporting these great non-profits (and others) but together we can do more!
Michelle’s Place (951) 699-5455 Our local breast cancer resource center
Project Touch (951) 677-9661 Our local homeless and emergency shelter group
Samaritan’s Purse A global humanitarian relief organization
Community Mission of Hope (951) 444-1404 Helping families and individuals in need with food and hygiene items, as well as financial counseling. Partners with the City of Temecula and the The Temecula Food Pantry.
This entry was posted in Be The Good, Buying and Selling Homes, Buying Homes Tips, Helping Others, Hemet, Lake Elsinore, Menifee, Murrieta, Non Profit, Selling Tips, Temecula, Wildomar, Winchester and tagged Be The Good, Buying Tips, Helping Others, Hemet, Lake Elsinore, Menifee, Murrieta, non profit, Riverside County, Selling Tips, Temecula, Temecula Valley, Wildomar, Winchester.
JUNE RE CAP of Southland Home Sales
Cash Buyer accounted for 22.3% of June 2015 home sales. That was down from June 2014 when cash buyers were at 25.9% of the market. The peak was 36.9% in February 2013. Since 1988 the monthly average for cash buyers is about 17% of all sales.
Absentee buyers (investors and second home purchasers) bought 21.1% of Southland homes sold in June 2015. The peak was 32.4% in January 2013. The monthly average for absentee buyers since 2000 is about 19.0%.
The median price paid for all Southern California homes sold in June 2015 was $442,000. That is 12.5% below the peak median price of $505,000 reached in March, April, May and June of 2007.
Foreclosure re-sales (properties foreclosed on in the prior 12 months) represented only 3.8% of the Southland re-sale market in June 2015. That was down from 4.6% in June 2014. Foreclosure resales peaked at 56.7% in February 2009.
Short sales made up an estimated 3.1% of Southland re-sales in June 2015. That was down from 4.6% a year earlier.
Home Sales of $500,000 or more accounted for 41.7% of all Southland home sales in June 2015, which is up from 37.9% for June of last year and is the highest level for any month since September 2007 when it was at 44.4%.
Taken from CoreLogic.com July 19, 2015
Real Estate in your area is constantly changing…if you live or want to live in the Temecula Valley we are just a phone call away at 951-522-0518 or firstname.lastname@example.org
This entry was posted in Buying and Selling Homes, Buying Homes Tips, Murrieta, Real Estate Data, Temecula and tagged Buying Tips, California, California Association of Realtors, Lake Elsinore, Menifee, Murrieta, Real Estate Data, Riverside County, Sold, Temecula, Temecula Valley, Wildomar, Winchester.
Located in active 55+ community of Spring Knolls in North East Murrieta featuring clubhouse, pool, workout room, etc.
Home is approximately 1660 square feet, has 2 bedrooms, 2 bathrooms + large bonus room that could be a 3rd bedroom, office, recreation room, or additional living space. Property is in great condition and features a fully fenced large lot with wrap around deck, privacy and views. No neighboring homes behind! Peek a boo view of the golf course.
For more information about this property or any other in the Temecula Valley- call or text Gary and April Greer
at 951-522-0518 or email@example.com
We often run into people that are “TRYING” to buy a house in our area of California (The Temecula Valley). People who have signed offer after offer to get either no response or multiple counter offers- pushing them out of obtaining the home they want. Eventually these Buyers either start making random offers on houses they don’t even really want- just trying to get one which doesn’t usually solve the problem or they burn out completely on the process. And they go back to renting, discouraged and not building equity in a home of their own.
In super hot real estate seasons this happens. Lots of offers. Lots of chaos. Only the strong and cash rich get the best houses. Insider trading so to speak, etc. There are seasons. ( roughly 2011-2013 in our area ) And you have to know what season you’re in when you go out to purchase a home (or sell one). In some cases only certain areas of the market are being affected by the season. You have to know this too.
But what if the season is neutral? It’s not a buyer or sellers market right now so a reasonable offer and reasonable negotiations should net you the home you want. Mortgage rates are awesome, Sellers have gained equity back. So why isn’t your offer being accepted? Here are some issues to consider:
- OFFER IS TOO LOW TO BE TAKEN SERIOUSLY Unless you have some insider information that the Seller is desperate or they have verbally opened themselves up to a low price…this is dangerous territory. You run the risk of insulting the Seller and now we are on slippery footing. Your Realtor should provide you with recent sales around the home so that you are educated on value. Make reasonable adjustments for upgrades/downgrades and put together a serious offer. If it’s determined that the house is not priced right to begin with- it usually indicate that the Seller isn’t being serious yet either and well, there’s nothing to be done about that yet.
- YOU HAVE MULTIPLE OFFERS OUT Unless you are an investor buying up multiple homes…you shouldn’t have more than one offer out. Every offer you sign is a good faith promise to purchase (if the home passes all your inspections) Why would you be promising to purchase more than one home at a time? If I’m the listing agent and I find out you have offers out on more than one house? You won’t be taken seriously.
- YOU’RE NOT PRE-APPROVED Listen the market is faster and smarter than ever before. You need to be armed with the exact loan dynamics you are planning to purchase this home with. This information needs to be in writing, submitted with your offer and it needs to be verifiable. Your financing needs to be clear in your offer to purchase. If you go house hunting before you have this we run the risk of not being able to obtain the home you want because we can’t prove (yet) that you are capable of the purchase.
- YOUR REALTOR IS NOT A PRO Here are some examples of how your Realtor can cost you the house;
- Poor Communicator- If you have any issues communicating with your agent- this could be an indicator that your agent may have trouble communicating with others, other agents and ultimately-communicating your offer satisfactorily.
- Not Accessible- Is your agent part time? Only available nights and weekends? Doesn’t answer their phone or return their calls quickly? Your agent needs to be 100% accessible during the negotiation stage of your offer.
- Not Experienced- There are exceptions to this- we all had to get through our first sales. But I would argue that most aspects of our business (real estate) cannot be taught. They have to be learned through trial and error. Are we better Realtors after 15+ years in the trenches? Absolutely.
So long story, short- The average days on market in the Temecula Valley have moved into the 30-60 day margin. This clearly indicates that the market has leveled and has become a more neutral ground for Buyers and Sellers to negotiate in. If you’re making offers and they are not getting accepted…take a look at this list. If you determine that a professional, full time real estate team may be the answer…give us a call, text or email at (951) 522-0518 and firstname.lastname@example.org
Connecting Qualified Buyers and Sellers in the Temecula Valley since 1998!
Just Listed in Murrieta! Spacious Single Story on a very Large, end of Cul De Sac lot. Nearly 1800 SqFt and Features include 3 Bedrooms + Office/4th Room Option. Original Owner-Home is Move In Ready! Located in Central Park with Clubhouse, Pool, Tot Pool, Tennis, Parks and Playgrounds for just $ 49/month.
First Open House will be Sunday, February 23, 2014 from 1PM to 4PM. See You there!
To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308