If you or someone you know is making a move on the New Hampshire Seacoast or in the Greater Newburyport Area, Realtor Stephen Oates in dedicated, determined, and creative. Steve works with buyers, sellers, and investor in MA & NH. Reach out today for a free consolation.
Blog :: 2016
2016 is coming to a close, and it's been a busy year. In the world of real estate, there has been a lot of multiple offers and competing bids, which can be good for sellers, but stressful for buyers. We have seen the rates increase a bit, a lack of inventory, and at times, expectations out of control.
This is the world of real estate and something I choose to do and something I love. My hopes for 2017 are to create more relationships and help more people enter the next chapter of their lives. Rates are still very low and have some room for increasing and that's ok. The inventory needs to loosen up a little allowing first-time buyers, those downsizing, and those relocating a place to buy. 2016 was a good year, 2017 will be an even better year, and if we are treat each other a little bit better, it may even be the best year ever.
Merry Christmas, Happy Holidays, & Happy New Year!
Stephen Oates, Bean Group / www.seacoast-homes.com / firstname.lastname@example.org
If you've ever wonder where people are flocking to or from across the USA, Keeping Current Matters put together this great chart.
Often people will ask me if they should wait to list their home until the Spring, this is what I tell them.I tell them that with inventory at an all time low in years, interest rates still at record lows, and demand still very strong, why wait for other to list in the Spring. When you now have less competition and buyer that aren't just browsing, but are ready to buy. Give me a call, text, or email me for a Free Market Analysis or to ask a questions. Dedication that moves you.™
Keeping Current Matters says:
A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.
It’s no surprise that listing a home for sale during the spring saw the largest return, as the spring is traditionally the busiest month for real estate. What is surprising, though, is that listing during the winter came in second!
“Among spring listings, 18.7 percent of homes fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The study goes on to say that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that can make the sale much smoother.”
If you are debating listing your home for sale within the next 6 months, keep in mind that the spring is when most other homeowners will decide to list their homes as well. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking now!
The study used the astronomical seasons to determine which season the listing date fell into (Winter: Dec. 21 – Mar. 20; Spring: Mar. 21 – June 20; Summer: June 21 – Sept 21; Autumn: Sept 21 – Dec. 20).
I look forward to making this the best resource for information about real estate, the Seacoast area, and current topics that impact you. Please feel free to comment on my posts if you have questions or reactions to share. If there is anything you'd like to see me write about, I'd love to hear your feedback.
Real Estate is continuously changing and you need an agent who changes with it. Steve works with buyers and sellers on the New Hampshire Seacoast and in The Greater Newburyport Area.
Visit Steve at www.Seacoast-Homes.com or Call 603-777-7908.