Here it is, end of March. Spring has officially begun, according to all of our calendars but just where the heck is it really?? We are feeling the teasers in the air, an ever so slight warm up above freezing then back down into the teens. Rain, sleet then snow and rain again. But wait, what’s that? Something green is poking out of the ground. Could it possibly be…no…..yes…. flowers!!! Yes! That’s what I’m talking about. Don’t stop now! Open the flood gates and let spring pour in.
So, welcome to my first Blog. I’m writing Real Estate. Can you tell? So what does all of this emotion about spring have anything to do with real estate? Just about everything. Buying and selling homes is first of all a very emotional experience. After all, it is your home you are either having to say goodbye to or hello.
Spring seems to be the time of year that most people think that a real estate market starts and to some extent, they are right. Many sellers choose to wait until after the New Year and when ‘things’ warm up before putting their house on the market. Buyers will start getting the itch to begin their house search when they are finally able to breathe in some warm air, open the windows and envision a new home to move into with green grass and those flowering bulbs.
Although the real estate activity has not been totally dead thru the winter, it starts to pick up speed and momentum about this time of year. There’s a message in this for both buyers and sellers albeit a different one for each.
Sellers should understand that as the spring market starts to heat up, all of those other sellers waiting in the wings will now be flooding the market with their own homes to sell, meaning more competition. Makes the phrase ‘being the best buy on the block’ even more important.
For buyers, there are more homes to choose from and with that extra competition for sellers, a better buy. It will become ever so clear to these buyers as they look at all the homes available which are the well priced homes and which aren’t as they compare each one to the other. Many buyers, if not in a hurry to find a home, wait it out. Wait for the ‘next one’ to come on the market. Maybe the next one will be the perfect house, if there is such a thing.
So what is the message to you Mr. or Ms. Buyer or Seller? Well, Mr. or Ms. Seller, look around. Is your house priced competitively to the other homes on the market or are you hoping someone will just ‘make you an offer’ regardless of your listing price? Does your home say ‘look at me’ from the road or ‘let’s hope it looks better on the inside’? As soon as that snow is gone and the grass greens up be sure your Realtor replaces the photos on the Multiple Listing Service with new ones. Start your spring cleaning now by first walking thru your home, imagining yourself as a buyer. Be hard on yourself and realistic. You only have one shot at a first impression, make it count.
Mr. or Ms. Buyer, what about you? You think you’re in a Buyer’s market? Depends. What price home are you qualified for? Some price ranges still favor the Sellers and in that case, don’t put yourself at a disadvantage by waiting until the ‘next house’ is for sale as you now have competition from other buyers and the last thing you want is to find yourself bidding with others for that perfect house you now have your heart set on. On the other side of that coin is that as a buyer, you may have more choices and can benefit from motivated sellers that understand how to be that ‘best buy on the block’.
Now this is where I come back into the story. What am I all about as a Realtor? I’ll take it upon myself to speak for all of us, or at least for us at Maple Leaf Realty. Mr. or Ms. Buyer, make an appointment with a Realtor or call the Realtor you are already working with. Take some time to talk about what you hope to find in a home as well as what you don’t want. What’s your price range, your ideal location, your time frame to move?
What, Mr. or Ms. Seller is your time frame to move, your motivation? Walk thru your home with your Realtor and listen to suggestions, ideas, constructive criticism. How long has it taken for other homes similar to yours to sell? What price did they sell for? Were they well maintained, updated mechanically and decoratively? Were they the best buy on the block?
Lots to think about now that Spring has sprung so get busy. Oh, no – is that a snow flake??