And while real estate seems like the last place for timing and/or flexibility – consider the following:
Motivated buyers who wrote offers in November had access to motivated sellers willing to move out -if necessary- just prior to Christmas holidays Other buyers who decided to wait until the after the holidays are finding fewer properties and potentially higher interest rates.
Buyers who are flexible with sellers scrambling to find their next property after the sale are finally able to buy their dream home. Buyers who won’t risk extending closing and/or occupancy dates may be missing out on some great deals.
No buyer is going to give you unlimited time to find your next property or move out. If a seller has very unique requirements you need to be prepared to adjust your selling price accordingly. And today’s sellers really need to start the whole selling process by getting a whole house inspection. Fix what needs to be fixed and share the report with potential buyers. Addressing inspection issues head-on moves the process along.
Lots of buyers want to wait until “spring” but what they don’t realize is that the spring market is kicking off now and will be in full swing right after the 1st of January. If you are looking to move in the spring get ready to start your search within the next few weeks.
Right now the inventory of homes for sale remains low in greater Cincinnati with 1000 fewer homes and condos for sale now than December of 2018.