Should you put up your real estate listing in Los Angeles, CA now or wait until spring?
It’s common knowledge in the real estate world that spring and summer are the hottest times for the market. As the mercury rises, so do the number of people wanting to buy and sell. That doesn’t necessarily mean you need to wait until 2016 to list your home, though. In fact, there are actually quite a few reasons listing in the winter can benefit you. Here’s why the best time for your real estate listing in Los Angeles, CA to go live is right now.
To start, people always need to buy. By listing right now, you can capitalize on the people whose leases end at the year’s end and want to have a home locked down before they need to move out. You’ll grab the people who just got a major holiday bonus at work and finally have enough for their down payment. You’ll attract buyers who finished their year-end finances and realized renting just doesn’t make sense for them anymore.
What’s more, you’ll not only be able to make it on the radar for these buyers, you’ll likely be one of their limited options. Most people will wait until spring to list their homes, so listing now helps you avoid the bulk of the competition. Don’t worry about your curb appeal; just do what you can. People understand how seasons work and know that by buying now, they’re getting a home that will only look better throughout the rest of the year!
I know that selling your Los Angeles home is a major decision, and I believe you deserve to have guidance so you can do it on the right timeline at the right price. For that kind of service, contact me, Betsy Dittman. I’ll be your luxury real estate agent, helping you list at the right time, optimize your listing, and ultimately find the right buyer with the right offer.
Some trends point towards a buyer’s market heading our way.
There’s no doubt that we’ve been experiencing a seller’s market. As low mortgage rates and skyrocketing rent costs drive more and more Americans to buy homes even as the national housing inventory has stayed relatively tight, sellers have had the opportunity to sell their homes quickly, and for a notable profit.
The tides could be changing, though. Trulia recently calculated how long it takes for homes to sell and found that 63 percent of homes listed early in the summer were still on the market two months later. This is an increase over the 61 percent last summer posted.
What does this mean? It could hint that the market is slowing down, which would be great news for would-be homeowners who’ve been scrambling to get into homes in the face of competition from other buyers.
Ultimately, the fact that some homes are lingering on the market doesn’t necessarily mean that all buyers will have an easier time, though. Specifically, California buyers can still expect a fast-paced market since the Golden State boasts 5 of the top 10 fastest housing markets. That doesn’t mean that we won’t see a gradual shift towards a buyer’s market, but it does mean it could take a little longer for it to reach our particular portion of the West Coast.
Whether you’re buying or selling in the local market, it’s important that you have an ally on your side to make sure you make the most of your real estate process. For expert insight into local luxury real estate and top-tier service, contact me, Betsy Dittman. I’m dedicated to helping homebuyers and sellers in Beverly Hills and Los Angeles bring their real estate dreams to life in 2015.