Tuesday, September 12, 2017

Q: We noticed that a house we had been interested in has gone off the market.

Was there something wrong with it?  Did it have a failed sale?  What can you tell us about that?
A:    To my knowledge, there was nothing wrong with the home.  The sellers may want to wait and put it back on the market next year hoping for a higher price, or they may just want to give it a rest for a few weeks. 

As summer comes to an end sellers often take their property off the market to wait until next spring.  They may not be that motivate to sell, or they may want more for the home than the current market will support.  Sometimes, they are simply tired of keeping it in “show ready” condition.  That’s really a mistake in my view.

I work with motivated buyers all year long.  I often sell homes and land during the winter months.  Buyers that are ready to buy often get a better deal because the market isn’t as frantic as it is in the summer and they don’t have as many other buyers to compete with. There isn’t as much inventory, of course, but we never have much inventory here at anytime of the year.

I am thrilled to have summer over.  “Tourists” who think they might want to live here keep all the Realtors here scrambling in spring and summer with little results.  We end up putting in a lots of long hours showing homes and land to folks who really aren’t that serious about living here.  It’s just part of the job, so to speak, but I love autumn when it’s cooler and less frantic.

As for the home you were interested in, I’ll keep an eye out for it to be relisted and let you know.  In the meantime, there will be other, more motivated sellers, putting their properties on the market throughout the fall and winter.  That’s when you will get more for your money anyway, so be patient. But be ready.  Keep your credit clean and keep saving money.

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