
Time just flies when you are having fun. January has come and gone and we are already ankle deep in February. Thanks to our mild winter, home sales are just rolling right along with 77 closed residential sales in the Joplin Metropolitan Area for January.
The question we seem to get the most now is….When is the best time to buy or sell a home?
Check out these fun answers….
The best month to make an offer on a house is January. Fewer buyers are willing to house-hunt during cold, nasty weather, so there’s less competition and few, if any, bidding wars. Sellers also tend to be more motivated than they will be in the spring, when there are more buyers. Why? They may have just received their credit card bills that reflect Christmas spending and may be feeling financially insecure. And their decision to try to sell their houses in the winter means they’re willing to risk listing during a time of the year when properties tend not show particularly well.
The best day of the month to make an offer on a house is the first Tuesday. Why early in the month? Because the homeowner just wrote a mortgage check for a house he no longer wants – or needs to sell — and he doesn’t want to write another one. Why Tuesday? Because by Tuesday he’s starting to worry that he won’t get any offers from house hunters who saw the house the weekend before.
The best time of the year to sell a house is the spring. Buyers come out of the woodwork during the spring, and with tax refund checks in the bank, spring buyers more often pay full price. In fact, sales peak in the spring, helping to explain why about 60% of those who move do so in the summer.
The best day of the week to list your house for sale is Thursday. This is more true during a sellers market, but if you list your house for sale on a Thursday, it will be available right away for weekend showings and by Saturday — the most important day of the real-estate week — your house will have shown only two days. That’s important because the fewer days on market, the better chance the home will attract a full-price offer. Even if your house doesn’t sell by the next Saturday, it will still show only nine days on market, benefiting from the psychological advantage of a single-digit number.
Source: The Best Times to Buy or Sell a House, By Mark Di Vincenzo
Want to see what we can do for you? Visit our You Tube channel often for the latest homes listed, community information and just to see what we are going to do next.
As always, if you know of someone that we can help sell their home give us a call anytime.
Here is the market data for January 2013:
Joplin: 530 active homes, 81 are under contract, 54 SOLD in January
Carl Junction: 75 active homes, 14 are under contract, 8 SOLD in January
Webb City: 144 active homes, 40 are under contract, 15 SOLD in January
Sincerely,
The Just Call Jo Team
It’s just not business…it’s personal!
Tags: Briarbrook, Buying a home, Carl junction, Carl Junction Homes, Carl junction real estate, Homes for sale, Joplin Homes, Neighborhood, Webb City