Yes... we know February was a mere 3 days ago... And we'll probably see more snow this year before the lilacs bloom. But when it comes to the start of the real estate market in Rochester, we are THERE! Sellers are reaping the rewards of listing NOW, and buyers are jumping ahead of the competition, who plan to look in the summer months.
1. Low Inventory = Less Competition
Since late spring/early summer is the most popular home-selling season, the housing market tends to be more saturated with new listings. It's simply the law of supply and demand.
In March, there are fewer homes for sale. That competition over low inventory can make now an ideal time to sell your home. The buyers ARE shopping right now, and they are SERIOUS.. You get far less looky-loos!
2. That Rochester Winter/Spring Sparkle
Selling in the early Spring also gives you the opportunity to show that a home is designed to handle the harsher elements. I mean... it's Rochester, NY! People expect wet boots and mud rooms, so show them how it's done! Light up that fireplace but remember to add some Spring touches too.
3. Taxes and Interest Rates
There are tax benefits to buying a home, and some people want to claim that next year. So that means... you guessed it, buying a house THIS year. And interest rates? Well they are unpredictable at best, and some people just want to get in before they go up even more!
4. New Jobs and Relocation
Hello U of R?! Don't forget Rochester is home to one of the top employers in the country and people MOVE HERE to work here. You could also encounter buyers who are relocating for a job.
Relocators typically have a limited amount of time to uproot their families, so it’s likely that once they find a home that meets their requirements, these buyers will be ready to sign on the dotted line!
5. Get More For Your House
Studies show that people are willing to pay more this time of year.. What?! That's right.. Between the low inventory and 'must move' job situations, people are more likely to PAY MORE for the house they want. So stop delaying while you wait for the lilacs to bloom again. It's time to list! Call Team Hilbert today and find out what your house is REALLY worth this winter.