Realtors are frequently asked, “when is the best time for a buyer or seller to enter the real estate market?” These Realtors from Coldwell Banker Preferred tell you why if you wait to time the market, you’re going to miss out. Find a Realtor at cbpref.com.
Realtor Dominic Fuscia says if you have been waiting for the right time to put your house on the market or start your home search, now is it.
“It’s tricky, it’s like the stock market; you really never know. If you find something you like, jump on it and even if the price seems fair, negotiate,” Fuscia said. “If the right property comes up, jump on it, don’t try to time it.”
Realtor Lee Ann Embrey said people turn to resources such as economic reports and interest rates in an effort to gauge market conditions.
“In reality, people are constantly moving, from first-time home buyers, to people changing jobs and relocating, to move-up buyers or empty nesters down-sizing,” said Embrey.
She said even though conditions constantly changing, some seasons have an evergreen housing marketing.
“For example, the ‘spring’ market traditionally starts immediately after the Super Bowl, when buyers and sellers can position themselves to take full advantage of the primary spring market. If you are working with an experienced realtor, he or she will be able to advise you as to what is best for you,” Embrey said.
A recent fluctuation in interest rates has some buyers now looking for a bigger home, said Realtor Mike Sroka.
“What I’ve seen lately, people can get into that bigger home that they might not have been able to afford if they didn’t have that interest rate,” Sroka said.
Sroka said market conditions are not among the two most important factors a home buyer should consider. He suggested people talk with a qualified agent who will work with them.
“Talk about what your wants and needs are,” Sroka said. “List out what you absolutely need, those things you can’t live without and what you want to have in a property.”
Those conditions change less frequently than the housing market. Begin your home search at cbpref.com.