Make Your Real Estate Decisions Quickly to Take Advantage of Heightened Market Activity
by: Jeff Quintin, on April 9, 2014 - Market Update
The Importance of Timing in the Real Estate Market
Hey – I wanted to reach out to you in between appointments because I just had a very interesting conversation with a buyer about the importance of timing in our market.
Before I do this, I need to update you on the market here if you have not already received our South Jersey Market Update. For the month of March, all the shore points (from Ocean City to Longport to Sea Isle) are way up in their number of transactions.
For example, this past March in Ocean City there were 74 homes that were sold. Compare this to last year where there were only 55 homes sold here in March. That is a 34% increase in buyer activity from year to year.
What is important about this is that if you’re a seller, the timing is critical. Between today and Memorial Day, there are only 48 days left. So if you find a buyer for your home, then that buyer will probably want to close before Memorial Day. The countdown has begun, so if you want to sell, you better be prepared to act!
It’s not that we don’t sell homes in June, July or August; it’s just that most buyers are making their decisions right now. So, this April, the market will be great and you will need to decide if you’re going to sell. The high quality inventory that is available is being scooped up quick, – if you wait to buy, you will be left with inventory that is not worth your money.
If you were thinking of putting your property on the market and would like to know how much it might be worth, simply give me a call and I will do my best to to give you an accurate valuation of your home so you can sell at an attractive price. This will be a no-obligation, free market analysis.
Just remember that time is running out. Act quickly if you want to have a successful real estate transaction. So, as always, feel free to reach out to me for any of your Southern New Jersey real estate needs.