Sunday, December 14, 2008

The Holidays: A Great Time to Buy or Sell


The Holidays: A Great Time to Buy or Sell!

Mortgage rates are at a low 5% and if you have been considering moving out of your apartment, or into a new home, this is the time to do it!

"But..." you say, "it's the holidays!" Yes, it is, and despite the fact that this is traditionally considered a slow time for real estate transactions, I am here to tell you that this might be the best time to buy...or sell a home.

Families are busy this time of year, no doubt. But because of job change, or other life event, moving in December or January may just be something that has to happen. And this could be a great thing! With the current high inventory of homes on the market in Charlotte and elsewhere, the buyer has many options to choose from, and the potential ability to move in quickly to a house that they get a great price on...and a great rate. Many buyers take the months of December and January off from looking, because they are moving from areas where the weather is cold and snowy and won't be able to sell their homes. But not here in Charlotte! And so if you have already sold your home or currently live in a warmer location, selling should be easier for you at this time of year.

Which brings me to the benefits to sellers...If you are selling a home at the holiday season, you likely have spent the time to decorate it, and make it "extra" nice. This is a great attractor to a potential buyer who will want that "home-for-the-holidays" feeling in a new home this time of year. Additionally, buyers looking in December and January are probably motivated buyers, looking at getting into a new home as soon as possible. If someone is taking the time away from family during the holidays, they are likely very interested in buying. So if your agent calls you to let you know there is a showing scheduled, it is well worth your time and effort.

It may seem like things stand still around the holidays, but there will always be buyers and sellers looking at moving. So if you are ready to buy a home, or sell a house, don't despair or "write off"  December and January... you may very well find a match.

Looking to move to Charlotte, NC or the surrounding areas? We have a great home for you. Give me a call at 704-564-0807 and we can set up an appointment to get started today.

Best Regards,
Rich Ferretti

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