Buying or selling a home at the right time is tougher than it sounds. People usually take these actions because of a life event or financial issues, and the economy and real estate forecasts tend to be secondary considerations. Yet both buyers and sellers often pose the question, “When is the best time to buy or sell?”
Every market is different
Interest rates fluctuate
While spring is still a strong selling season, buyers are looking online and searching on their phones every day, no matter the season, and transactions happen from New Year’s Day to Christmas Eve.
Don’t try to time the market based on antiquated assumptions about seasons. It’s more important that you show your home in its best possible condition and choose the right listing price. If it’s priced right and shows well, it will sell anytime.
I’ve worked with buyers for months, sometimes years. They were always qualified to purchase, but they never pulled the trigger. Why? Because it doesn’t make sense to put down 20% and take on a mortgage if their job with an hour commute isn’t steady, their marriage is on the rocks, or their aging parents live across the country.
Since the financial crisis, many buyers have been hesitant to get back into the real estate market. And for good reason: Some of those buyers probably were never qualified to be in the market. But in many parts of the country, we’ve seen a comeback. Some markets are better than others.
The Kal Johal Real Estate Team is a great solution for finding your next home! We are the number one real estate team in the area! If you or someone that you know is interested in buying, selling, or investing in real estate in Arbuckle, Biggs, Browns Valley, Brownsville, Colusa, Dobbins, Gridley, Live Oak, Loma Rica, Marysville, Maxwell, Olivehurst, Oregon House, Oroville, Plumas Lake, Smartsville, Sutter, Wheatland, Williams, Yuba City, or if you would like to schedule an appointment with our in-house lender, contact The Kal Johal Real Estate Team! 530-298-7456
If you think home buying is in your future, do your research. Take your time and start to get a feel for the market. Just know that nobody can predict when the right house will come along, and you can’t time a real estate market.