Fall Market Update

As many of you know when the weather gets cold people don't go out as much. As a result there is a ripple effect in the economy, it's felt in the retail industry, it's felt in the entertainment industry and many other industry's that are consumer based.

The real estate market is no different, during the Winter months homes sales typically slow down causing homes prices to hold steady or even come down a bit during the Winter months because there aren't as many buyers in the market. So as a buyer the Winter months could represent the prime time to find a great opportunity on a home with potentially less competition.

So I recommend buyers that are looking for a home to brave the bad weather and go home shopping because there are often times great opportunities available.

The Winter season can also mean great opportunities for Sellers also, because there aren't as many buyers in the market many Seller's elect not to put their homes on the market until after the new year or the Spring.  As a result it can create a situation where Seller's don't have as many homes on the market to compete with and the buyers that are out home shopping during these times tend to be serious buyers. A seller can have the unique opportunity to seller their home for a premium even during the Winter months.

So don't be afraid to enter the Real Estate Market in the Winter months. Just make sure that you are savvy and have the guidance of a good Broker.

Good luck!

James Johnson
Broker
Johnson Realty Group
CalBRE#01368706

Comments

Post a Comment

Popular posts from this blog

Why don't we?

Today's post is a bit of a rant, but I have to get this off my chest. People spend money on some of the dumbest things to me. Rather than spend money on investments, they spend money on cars, clothes and a bunch of other things that has no real value. People have become so materialistic and so focused on looking like they have money rather than doing the things to actually have money. I have a term that I use to describe people like that "Hood Rich". Now I am not saying that people are hood or anything like that. It actually doesn't pertain to were you live, it pertains to your mentality. It's like someone driving a $80k car and living in an apartment. Why? I would rather drive a Toyota Corolla and live in a Mansion than drive a Mercedes and live in a 1 bedroom apartment.  I said all of that to say that people need to spend their money on things that will appreciate (increase in value) not things that are worth less money the moment you buy them. Now I am sure t...
Read more

To buy or not that is the question

There has been a movement of late where today's young people have decided against buying and have decided to rent. There are some compelling reasons that support this thought process however buying a home is still a better option then renting. There is one truth that there is no way around and that is the fact that you are literally throwing money away by renting. If you are paying $2000 per month to rent and the house you are renting appreciates 10% over the time that you are renting you get absolutely nothing other than the bundle of rights you are entitled to as a tenant. If you are purchasing that same house and paying $2000 per month you are entitled to the 10% appreciation. Now keep in mind that if you are renting you don't have to worry about taking care of the maintenance and home care that you do when you are the homeowner. So although homeownership is great you do have to be careful, buying any home is not the answer. That being said in my opinion you won't fi...
Read more

R. E. Investment: Buy and Hold

Hey guys! We are back for our next installment in the investment series "Buy and Hold" so lets get right into it. The buy and hold strategy is probably the most well known and most common real estate investment strategy. Although it is the most commonly used in my opinion it is still a very misunderstood strategy. Often times a novice investor chooses this strategy when they want to get into investing in Real Estate, but there are lot of things to consider when looking to buy and hold real estate. #1 Are you looking to buy and hold a property to have monthly cash flow or are you looking to hold the property until it appreciates in value to a certain price and then sell(delayed flip). Although they seem similar they can be two different approaches. I know investors that only invest in new home subdivisions, meaning they will buy a home in a new home subdivision in the early phase or 1st phase of construction and hold that home until later phases of the construction is com...
Read more