Why Winter Is a Better Time to Buy or Sell Than You May Think

Today I’d like to explain why buying or selling in the winter may be a better idea than you think.

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Many of us associate wintertime with the holidays, shorter days, and colder weather, but what about buying or selling real estate? Though spring tends to be a popular time of year to pursue one’s real estate goals, don’t count winter out. Supply tends to be low and demand is usually high during these colder months. Many buyers are actually still active during the winter, and there are a few reasons why. 

For one thing, many people relocate for work this time of year. Relocation buyers are a unique demographic to the winter months.

Another common reason people move during the winter is that their lease has ended. People ready to make the switch from renting to owning often do so in the wintertime.
Buyers and sellers willing to brave the winter weather to pursue their real estate goals can reap the unique rewards of a less competitive market.
Finally, many of the buyers looking in the wintertime are left over from the previous year. Those who didn’t find their perfect home last fall may still be active in the market right now.

The bottom line is this: Buyers and sellers willing to brave the winter weather to pursue their real estate goals can reap the unique rewards of a less competitive market.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Sioux Falls Market Update for Summer 2018

What is going on in the Sioux Falls real estate market? We are going to explore the latest trends today.

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The latest numbers are in for our Sioux Falls real estate market, so let's take a look at these figures. It's time for a market update.

Right now, we are continuing to see really low levels of inventory in the sub- $300,000 price range. This means we have way more buyers than we have homes available. Homes are selling very quickly, so it is more important than ever for homebuyers to have a game plan and an agent who can guide them to the right property.

We are also seeing a bit of an increase in interest rates. We have expected this for a few years now and it is finally coming into fruition. However, keep in mind that even if rates go up to 5% as expected, that this is still a low number historically speaking.
We have been expecting this interest rate increase for a long time.
If you are interested in buying or selling a home in Sioux Falls or if you have any questions, please feel free to give us a call or send us an email. We look forward to speaking with you soon.

Too Many Outdated Listings on Zillow? Try This Instead

Are you experiencing frustrations with out-of-date listings in your home search? We have a tool to help.

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Imagine that you’re looking for a car to buy, and for every one that you see online, you call in and find out that it has already been sold. 

Personally, that would be extremely frustrating. And in this real estate market, we see that happening all the time, only with homes instead of cars. Big-name, national websites aren't up-to-date—they’re leaving sold homes on the website, getting unassuming buyers’ hopes up. If you’re in the market for a new home, maybe you’ve experienced this already. 
Using this website, you won’t have to worry about being too late to get a home anymore.
We refer our clients to www.siouxfallsrealestatesearch.com. It’s a website used to find homes in the Sioux Falls area; the listings are up to date, and best of all, you can plug in your search criteria and find a home that suits your needs. It will even send you notifications the instant that a home matching your criteria comes online! Using this website, you won’t have to worry about being too late to get a home anymore.

If you have you have any questions, please feel free to reach out to me. Until then, enjoy the weather! I hope to speak with you soon.