Summertime is most people’s favorite vacation period. Sometimes whole neighborhoods become deserted with everyone on a trip somewhere. Buying a home during summer can turn out to be a better option for you. The reason is the factors that are specific to this time of the year. Keep the following in mind to benefit from all the advantages of summer home shopping.
Summer offers a good time to check out neighborhoods
Your new home is not the only thing you should consider when you intend to relocate. It is also important to check out the neighborhood. Buying a home during summer is particularly suitable for that since most of your potential neighbors will be on vacation. It is a little funny when a new guy walks around the area staring at people’s yards. You don’t want the people living there to think your intentions are malicious. Use these holiday months to roam around your future neighborhood more freely and maybe even take some pictures. The schools are on break as well. You can go check that out without being mistaken for a suspicious stranger.
Also, there is a good chance that the people who have put their homes on the market are also on vacation. Without the owner around, you can take the opportunity to make a more detailed inspection of the house or a condo you are viewing. As you know, there are certain things home sellers are required to disclose by law, but the rest you can make sure you don’t miss by taking a good look at it. And finally, there’s a good chance the real estate agent will tell you more about the property when the owners are absent.
Buying a home during summer allows you to check out the neighborhood in peace.
In summer, days are longer, so there is more time to see the property
Summer is a time when days are longer. It has been scientifically proven that people’s natural energy levels are directly related to the amount of sunshine they get. With that in mind, in summer, it is more likely that the sellers will find it acceptable to have people over on their property until later in the day – simply because it is still daylight. That gives you more time as a buyer when the property is available for you to see.
This may seem like an irrelevant thing to you. Yet, for those working long hours or having a tight schedule, purchasing a home in summer may be more realistic than when the viewing period is shorter. One of the experts from a moving company Beltway Movers, says that many of the people he worked with find it important that every aspect of buying a home is adjusted to their long working hours. Moving into a new home as well as viewing it is much better to do in daylight when the visibility is higher. With that in mind, these particular clients find that buying a home during summer is better suited for their tight schedules.
Take advantage of the fact that there is less competition
As previously mentioned, summer is a time when most people choose to travel somewhere. The absence of potential buyers leaves agents with more time to devote to those that are present. This means if you are viewing a condo or a house, your agent will be able to answer more of your questions. You can even take this chance to discuss the situation on the market and get very useful advice and information. It is vital that you ask all that is of interest to you during the home viewing, so there are no nasty surprises later.
Another crucial thing is that with fewer people around, there will be fewer offers made. You will have a higher chance of getting the home of your dreams for a reasonable price because of that. If you notice there aren’t many people interested in that particular property, don’t wait too long with your offer. It may just be temporary until the vacations are over. Generally, smaller demand generates lower prices, and fewer offers create higher chances that yours will be the most favorable.
Relocating in summer can be done more easily
Moving is never an easy task, especially if your new hometown is on the other side of Virginia. It is always a good idea to hire professionals who will give a helping hand and get you through this complex process smoothly during any season. Nevertheless, there are several reasons why making a big move in the summer is a better idea than at any other time of the year.
The school year is over. Moving when your kids have lots of school activities and disrupting their routines is a nightmare for any parent. Summer offers a solution for that in the form of the end of a school year. Your kids can even help with the move too. Also, enrolling in a new school is better at the beginning of a school year than in the middle. Being a new kid in class is easier than being that new kid who also has to catch up with the classes as well.
The weather is favorable for transportation. Driving a truck full of stuff is easier to do on dry roads. Naturally, they are more common in summer than in any other season. For example, wet and icy roads are often present in fall and winter. Those conditions are something truck drivers dread.
The yard sale is more efficient in summer. Your curb appeal is outstanding in summer. If you intend to organize a yard sale, summer might generate more profit for you.
Consider these reasons seriously. They can make a huge difference between a stress-free relocation and a tedious and nerve-wracking endeavor.
Summer as a holiday season is a good time to move as well
If you are buying a home that is not in your hometown, turn it into a fun trip
Speaking of relocation, aren’t you curious about the attractions and fun activities your new hometown has to offer? As you know, summer has a way of turning even the dullest of places into exploration-worthy areas. Typically, there are more interesting outdoorsy things to do in summer than in any other season. We advise turning this rather business-like activity of viewing potential homes into a trip for the whole family. Whether it is going to be a short break in your future hometown or a more extended staycation of a sort, you have the opportunity to approach buying a home during summer as a holiday with one obligation only and lots of enjoyment.
Those that are viewing a home outside the city they currently live in can turn the experience into a fun family trip.
Final thoughts
Buying a home during summer can be a delight. Use all that long sunny days have to offer in Orange County, for example. As we have seen, shopping for a home in this mainly vacation-oriented season has many advantages. You can even merge buying a home with your own fun family traveling if your new hometown is on the other side of the country. Whatever you choose to do, we are sure this is a part of the year when you will find what you are looking for.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Enjoy the quiet homestead of 109 Saylers Creek Rd nestled in lovely Lake of the Woods! The huge yard provides room to roam and wooded privacy. As you enter, you are greeted by oversized, bright windows, high ceilings, and gleaming hardwood floors, new carpet, and fresh paint. Family gatherings for the upcoming holidays will be exciting and memorable around the cozy fireplace. During warmer weather, the screened porch will be a favorite! Meal prep will be a breeze in the open eat-in kitchen with plenty of room for helpers. Wait til you see the elegant windows with the high ceiling in the primary suite! A plumed-out attic is ready for wherever your imagination will take you!
https://youtu.be/CmICC-tCjAk
A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Sold AS IS. Great investment property! Perfect fixer-uppers! One level, 3 bedrooms, 1 bathroom. Super close to the base. So much potential!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Understanding the ebbs and flows of the market is crucial to success
A real estate agent is on your side and knows your local market best
Start planning your next move now – contact us!
What to Do When the Market Changes
Buying or selling a home is one of the most exciting moments in people’s lives, and it’s also affected by broader economic trends. The challenging process is filled with details and detours. Today’s housing market is continually pivoting amid persistent global pandemic-related influences and a subsequent housing supply crisis.
If you’re looking to buy, sell, or both, employing the services of a trusted real estate professional is a critical decision that can make or break your deal. The local knowledge and experience they bring to the table will help you navigate the real estate investing process wisely, especially in today’s rapidly shifting housing market.
So, let’s take a deeper look at current housing market trends to better understand what’s going on, why hiring a professional real estate agent is essential, and let’s help you figure out your next best step!
Understanding the current housing market
Understanding the shifts occurring in today’s housing market is simple when you boil it down to basics: people moved in response to the COVID-19 pandemic. Some homeowners moved because their jobs went remote, and others upgraded or downsized to cash in on their equity gains. But, regardless of their reasons, people flooded into the housing market, disrupting the balance between supply and demand.
Recently, numerous reports have stated that we are in a “buyer’s market” now due to home prices beginning to stabilize and houses sitting on the market longer. However, at the same time, because of higher mortgage interest rates and the available housing supply continuing to lag behind current market demand, others have declared that we’re still in a “seller’s market.” With all these conflicting reports about what is happening in today’s housing market, it’s easy to get confused about what’s really going on.
Here’s the truth: today’s historic hot housing market is a robust win-win for both buyers and sellers. With the available housing supply finally beginning to rise, buyers benefit from having more properties to choose from and don’t feel the need to settle or place an offer for fear of missing out. At the same time, sustained demand has preserved historic equity gains that remain beneficial for sellers should they choose to put their homes on the market.
Why hiring a trusted real estate agent never goes out of style
It is not uncommon or unusual for real estate markets to change. It happens all the time. However, one thing that doesn’t change is the value and peace of mind that hiring a trusted real estate professional provides you.
If you’ve been reading the national headlines and wondering what it all means for you and your local area of interest, hiring a local real estate agent is vital, since real estate is all about location, location, location. Some neighborhoods and communities thrive amid all the turbulence, while others are staying cooler even in this hot market. If you’re selling, your agent will know the best way to position and market your property to get top dollar for the sale. And if you’re buying, your agent will help steer you in the right direction of your desired neighborhood, and cut through all the larger noise of the national market.
The best part? Your agent is a trained negotiator, and their expertise goes way beyond finding a place to call home. With your agent’s help, you can get what you want out of the deal. Think beyond purchase price and consider all of your contract’s terms, with potential benefits including a longer closing date, special repairs, and upgrades to the property, or even getting the seller to pay some of your closing costs.
Ready to Conquer the Market?
The best way to beat the market swings is to work with a real estate professional that knows your area. With decades of experience, our team is here to help. We’ve seen it all, and are here with smart advice to give you the competitive advantage. Let’s connect today and figure out how we can achieve your goals.
Golfers dream about living on the greens in the lovely Lake of the Woods! You don’t want to miss out on this home at 519 Birdie Road! Boasting cathedral ceilings and abundant natural light, a gorgeous stone fireplace, and wood floors, all nestled at Hole #12. The kitchen and dining room give the meal prep and gathering space you need. You will love a private retreat on the main level primary suite, with a claw bathtub and warming light to soak away a long day. The upper-level bedrooms offer comfy rooms for your guest and family. Enjoy the great weather on the screened-in porch and vast deck as you grill up your favorite dishes and relax with the fantastic view of the greens! A rare full basement has tons of space for all your storage needs and flex space. This one is sure to go fast! Schedule your tour TODAY!!
https://youtu.be/Lej08ddWDZ0
A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Welcome to 100 Saylers Creek Road! A lovely, quiet, well-kept home with fine detailing and all the appeal and space you’ll love! Fantastic curb appeal awaits on this rare oversized lot, located at the end of a cul-de-sac and backing to trees. Bright, open rooms with crown molding and incredible upgrades are what you will find inside. The chef’s kitchen is sure to please with gorgeous granite countertops and upgraded appliances. A stunning double-sided fireplace will keep you warm on those cool nights and the sunroom will be your favorite place to sit and relax. Retreat to your impressive primary bedroom with an incredible ensuite bathroom at the end of a long day. This fantastic rambler offers main-level living at its best, but if more space is what you crave, then check out the finished basement. Here you will find the fourth bedroom, flex space perfect for a family room, home gym, or office, and a storage room. Grab your favorite beverage and unwind in your screened porch overlooking the stunning patio and private backyard. This is one not to miss and will go fast! Schedule your tour TODAY!
A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire, and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Quiet country living at its best! Enjoy the beautiful views of this two-acre property from the gorgeous wrap-around porch. This charming three-bedroom two-bath rambler offers an open floor plan with spacious rooms all on one level. There is a large shed out back, great for a workshop or storage as well as a second shed/chicken house. This location offers the peace and space of living in a country setting while still conveniently located right off of 29 and just minutes from the town of Culpeper. This home sells “as is” and is sure to go fast! Schedule your tour TODAY!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
When you live on a golf course, you will have a beautiful backyard view! Enjoy this lovely, spacious home with 4 bedrooms and 3.5 bathrooms! A stone fireplace to warm the home on those upcoming fall evenings. A main-level primary suite makes for quiet privacy away the upper-level bedrooms. Entertain in the lower level, fully finished basement and grill out on the deck or enjoy the screened-in porch. You will be the place to go for all holiday gatherings! Home is a must-see! Schedule your tour today!
A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire, and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Has the time come for you to sell your home? We know that making this decision was not easy, but we also know that it was necessary. However, in order to sell your home, you must do a lot more than just make that decision. You need to clean it, declutter it, stage it, etc. That is what will sell your home fast and for the highest price possible. But, what will sell your home to the right buyers? Well, according to real estate experts, music will! Music has forever been a very powerful sales tool. This is because different music can attract different people and influence different behavior. And that will be our topic of the day! That is, today, we will talk about music can help you sell your home. So, if this is something you are willing to try, keep on reading.
Match the Music to Your Home
First things first, you need to understand that music can help you sell your home only if it matches the style of your home. For example, if you want to sell a modern or contemporary home, your playlist should have instrumental jazz songs. Or, if you are trying to sell a posh home with a lot of classic features, you should opt for something that has a violin or piano in the background.
Moreover, in order to match the music to your home, you can find inspiration in the surrounding neighborhood. For instance, if the neighborhood is full of children, and if the buyers you want to attract are parents (or soon-to-be parents), you can play children’s music. If the weather outside is snowy and cold, you can put on some coffeehouse classics. Or, if it is the season of the winter holidays, you can also put on some Christmas ballads.
You should always match the music to your design as music can help you sell your home
What if You Can’t Find the Right Music for Your Home?
If you just can’t find proper music for your home, fear not. We will help you out. But, first, you have to figure out what kind of buyers you want to attract. For instance, if you have a family home, it just goes without saying that you want to attract family. If you have a small, one-story home, you will want to attract seniors, etc.
Once you have figured out whom you want to attract, refer to the singers below:
Ed Sheeran, Bruno Mars – for couples, young families, and first-time homebuyers
David Gray, Adele, James Blunt – for millennials
Michael Buble, Luther Vandross – for baby-boomers
Tony Bennett, Perry Como, Nina Simone – for retirees
Just like strongassmovers.com can help you move out of your home, and just like real estate agents can help you find your new home, the right music can help you sell your home!
You Can’t Go Wrong with Instrumental Jazz
If you want to sell your home for the fastest time possible and for the highest price possible, just like previously mentioned, you can try putting on some music. Music will make buyers more relaxed. And the right music will make the buyers fall in love with your home.
Of course, choosing the right music can be difficult, and if the list of singers mentioned above doesn’t seem to help you, we suggest sticking to instrumental jazz. This type of music will give a nice, welcoming, and calming effect to any room and any type of home. All real estate agents who believe in the power of music when selling a home have Billie Holiday, Dizzy Gillespie, and Esperanza Spalding on their go-to lists.
Instrumental jazz is an inevitable part of home selling, according to most successful real estate agents.
Know When and How to Play the Tunes
Music makes everything better. And it makes everything more enjoyable and easier. For instance, when you are packing for moving, some music in the background will help you get your mind off all the boring tasks and ‘force’ you to enjoy the moment. And, even if you consider getting help, that is, even if you hire movers to help you with packing, music can help you with all other moving-related tasks such as sorting your belongings, etc.
And, of course, music can also help you sell your home (or maybe even buy your new home). But, in order for it to do that, you must know exactly when and how to play the tunes.
The best time is all the time! Create your playlist and play it (on repeat) in the background for as long as the open-house event lasts or for as long as all the potential buyers are in your home. That will answer the question of when to play the music. And, to answer the second question of how to play the music, the only thing we can say is soft. The music you play in the background mustn’t be too loud or aggressive. It must be soft and appropriate.
Music will make anyone a lot more interested in your home.
As Music Can Help You Sell Your Home, Make it a Part of Your Staging
Let us get something clear – when selling your home, you can’t just play one of the singers mentioned above and hope for the best. That is, you can’t think that music will help you sell your home when everything in and around it is one big hot mess. Music can work only in staged homes!
So, find a way to stage your home in the best (and the easiest) possible way. Our advice is to stick to the basics of home staging – just clean, organize, declutter, and depersonalize it. Once you do all of this and play some well-chosen music, your open-house event is bound to succeed.
As you have seen, music can help you sell your home fast, for a higher price, and to the right buyer. You just have to know how to utilize it to your favor. We hope that the tips and tricks mentioned above will help you out, so give them a go the next time you organize an open-house event.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
There’s a lot to be excited about with this summer’s housing market.
Homes are for sale with the features you want, like swimming pools.
Our team knows how to help get the most for your home – contact us!
Despite news about a looming recession, high mortgage interest rates, and low inventory negatively impacting the housing market, many good things are still happening and worth getting excited about in the 2022 summer housing market.
Some promising news in today’s historic housing market is that home demand remains strong, with well-vetted, qualified buyers making cash offers, creating a more balanced seller’s and buyer’s market. Additionally, home values continue to defy the odds and climb higher with no end in sight, helping your equity gains grow, which creates opportunities to put your equity gains to use that have never been better.
So, let’s take a deeper look at the 2022 summer market trends and help you figure out your next best step!
Upgrade to a home with the summer features you want
Maybe you’ve just returned from vacation, and you miss relaxing by the sea, or perhaps you didn’t go on holiday this year and missed out on getting to spend afternoons poolside or get to the ocean. Or possibly you’ve looked into getting a pool, or some other addition, installed at your home and have encountered supply chain issues. Regardless, there’s no reason to be discouraged.
While housing supply is at record lows, it’s important to remember that historically, summer marks a lull in inventory that gets improved upon by the season’s end. This year is no different, with plenty of updated and newly-built properties available on the market, so it’s a great time to look and see if your ideal property that already has a pool or a pavilion is on the market right now waiting for you.
Real estate is a proven safeguard against recession
A shrinking economy marks a recession. People will spend less money on discretionary purchases, focusing instead on essentials. Companies may slow down hiring or even begin laying off workers to bolster their bottom lines. Stock prices may drop in the face of uncertainty about the economy.
When a recession sets in, the value of your stock portfolio may take a hit if prices drop temporarily. While downturns aren’t ideal, they can create opportunities for savvy real estate investors. If you’re considering investing in real estate during a recession or already own investment property, you need to have a strategy for maximizing your equity gains.
Real estate can offer some stability for investors when the economy slows. Of course, a recession doesn’t automatically cause a drop in home values. But if a recession causes a hot housing market to cool off, that could open up opportunities for you to find your dream property at a discount.
It may seem contradictory to move during these challenging times, but remember, even with higher mortgage interest rates, there are always opportunities, even in the most demanding of seasons. What makes the difference is doing your research, knowing what you want and can afford, and most importantly, working with a capable guide before leaping.
Just remember: As with any real estate purchase, it’s not about right-timing the market but about buying at the right time for your personal goals and finances.
Let’s Talk About Your Real Estate Goals
Whether following local and national trends and guiding you through a shifting market or pricing your house right, a trusted real estate agent has the expertise you’ll want to rely on throughout your next transaction. So if you’ve been considering selling, let’s connect so you can have an expert on your side.
