Lessons from the Slow Winter Real Estate Market

Posted on: May 18, 2014

By now, everyone has heard all about the slow winter real estate market. Many analysts blame the icy, howling winds and poor weather around much of the country, although some analysts claim that the slower performance is a natural result of the home market stabilizing after the accelerated performance in the past few years. No matter which camp you fall into, though, the slow winter real estate market had a few important lessons to teach sellers and buyers alike. If you’re ready to buy or sell a home now that the warm weather has arrived, keep these lessons in mind:

Sellers: Listen to Your Real Estate Agent
Sellers can sell their homes much more quickly if they simply heed the advice of their real estate agent. When you select a good agent, that person has been in the business for years. They’ve seen everything, and they know what makes a home desirable and how to sell quickly. If your real estate agent tells you to change your wallpaper, give a dark room a fresh coat of paint or make other small changes to enhance the desirability of your home – do it. Your real estate agent is on your side – he or she is trying to help you sell the home quickly, so heeding your agent’s advice is in your best interest.

Buyers: Hesitation can Kill the Deal
If you’re buying a home, keep in mind that hesitation can kill your deal. If you find what you’re looking for, go for it. Desirable homes that are well priced don’t linger on the market for long. If you find a home you like in your price range, be ready to make the deal; there’s limited inventory and getting the home you want can come down to how decisive you can be.

Spring is here, and with it, the real estate market is heating up. These lessons from the slow winter market can help you buy the home of your dreams or sell your home quickly, so learn from what the winter had to say!


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