- Thinking of moving across the country? How far will your money take you?
- The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
- The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.
- For more information regarding the methodology used to create the map, visit the Tax Foundation.
Attracting Different Types of Real Estate Buyers
For decades, the real estate market has been dictated by school calendars and the seasons. A Majority of buyers search most actively in the spring and early summer, the reason is so they can get a property and close before September, when the school year starts.
Subsequently, a majority of sellers postpone listing their properties in the winter and near the holidays. Instead they wait for the warm months of spring to flaunt their outdoor spaces and landscaping. Real Estate Property For Sale
In the past, these cycles have worked flawlessly since most of the buyers were families. However, the vast majorities of buyers today are empty nesters or young millennials. These buyers do not necessarily rely on seasons and school schedules to purchase homes. This brand of buyers is not only active in the fall and winter months but also the holidays. Real Estate Property For Sale
Despite conventional wisdom, fall is the best time to list your house. Characterized by much less competition compared to spring, you may even find that selling your house during this time is better financially. Below we will discuss how to attract the two kinds of home shoppers that are especially active during fall. Real Estate Property For Sale
How to market to millennials
Buying and Selling in a Competitive Market
In many areas of the country, the housing market is growing and its strength has lead to a competitive market for buyers and an easier market for home owners looking to sell. Below are some top tips for those looking to enter the property and also for those looking to sell in today’s competitive market. Real Estate Property For Sale
Seller Tip: Know your property well and be honest with potential buyers
Sellers are in a position of strength in today’s market, but you don’t want to lose a potential buyer and a great deal after negotiations fail, and have to re-introduce your property to the market. Make sure you know all the details and potential pitfalls of your property and be honest with potential buyers. Buyers are much more forgiving of a property’s faults if they know about them before entering negotiations. Withholding information could kill your deal later and buyers are much more accepting of faults if they are entering a competitive market. Real Estate Property For Sale
Buyer Tip: Be ready to close a deal and move
Be alert to property listings and ready to arrange a viewing as soon as something interesting comes up. There will be lots of buyers looking for the same property as you, so when a great house is listed on Tuesday it may be off the market by the weekend. Serious buyers are ready to make an offer and close a deal quickly. Real Estate Property For Sale
Seller Tip: Have an organized process for receiving offers