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February 6th, 2010 9:19 PM

The wonders of the workings of our weather.  It wasn't really winter is how I hear a lot of people speak.  People must sense the move toward spring.  The Pussywillow bush out in front of my house seems to think it's spring as well. It is producing those fuzzy little grey buds that make them so popular - and it began in January!  And real estate, it seems we're seeing some good activity for so early in the year.

January has historically proven to be a fairly good month for the real estate industry. I've likened it to people having lived in that transition period of late fall to winter and the world of the holidays.  January arrives and the collective thought is, it's over.  We can get back to real life, be that good or bad attitude-wise is best left to the individual.  So anyway in getting back to January, people seem to have a bent for something more along the lines of "reality" let's say and into the real estate pool they wade.  And they write offers as seen from past, usually icy-cold Januarys.  And February typically takes a nose dive.  Given this lack of winter, we'll see if it's not different. 

Today we see new pending transactions and a closing or two.  It's a good sign this activity.  Those who have been on the website sidelines looking at listings new and old and listings that have had price adjustments are moving onto the playing field.

If you're thinking you might be selling your property it appears to be a good time to move to the front burner, there is activity in the market place.  Talk to a real estate professional to get a sense of the market and where the value of your property lies.  Then consider putting that for sale sign up and getting ahead of the crowd.  It might just be the ticket. You can click on this link, FreeHomeValuation for a complimentary market analysis.  Certainly consider calling me if you'd like further consultation.  There's no time like the present.

I'm hearing people use phrases like "We're not ready to sell now, prices are down."  Well a realistic thought, very much like the stock market, is very few people hit the top of the market or the very bottom.  It's just not predict-able. Suddenly the top (or the bottom) has not only arrived but gone around the bend and out of sight.

  Real estate values are a moving target and it's important to recognize that.  If you've owned your home or land for a good while and there's black ink between your purchase price and your selling price, then selling is a good decision.  Sometimes you just need to get where you want to go.   Certainly it would be great to say you "hit the top" but truth of the matter is it's not something you can nail every time.  Your home after all, though a good investment should really be more about creature comfort, not home run profits. So really, consider the reality of selling your home for a price that, had you not seen the runup you'd have been pretty happy with anyway.   After all, didn't you buy that house because of a characteristic that made you feel good inside?   

 

 


Posted by Steven Schwind on February 6th, 2010 9:19 PM

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