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Charlotte Property Management Blog

Spring: Buying and selling season


Sherkica Miller-McIntyre - Thursday, April 27, 2017

Everyone knows there are seasons; in religion, nature, and in real estate to name a few. In real estate, specifically, many things depend on the individual buyer and seller. Readiness, financial well-being, list of desires all depend on the person(s) selling or buying. You can’t always make a sweeping generalization, when those things and more, changes their situation. That said, the beginning of spring marks a definite increase in the buzz around the real estate in most markets.

Industry experts feel that the start of spring is when real estate begins to heat up, from both perspectives, buying and selling. Every spring, as decluttering begins and flowers begin to bloom, “For Sale” signs—old-fashioned and digital—begin popping up all over. Accordingly, there will be a simultaneous swarm of activity of lookers, agents, buyers, and sellers coming out of the hibernation of winter…all looking for a deal. There is nothing quite like a spring real estate market. Everyone is looking to either buy or sell and take advantage of the spring frenzy.

However, beware. Because of the spring frenzy, on both sides, there is typically a flood of inventory on the marketplace. Sellers have either been waiting for spring, or on the fence about when to sell and have seen how much activity is out there, or been advised by a trusted and knowledgeable agent that, now is the time. So, following that great advice, they list! There are more properties on the market in spring than any other time of the year.

That fact, also can make it the worst time to buy a home. That same frenzy that gives you many options to choose from, creates a lot of competition for almost every home. Great for the seller, but for the buyer, they can quickly get into several situations of being in a bidding war and being outbid for what they thought was their dream home. That is not meant to scare you away from buying if you’re ready. What that should hopefully suggest is, now is the time to hire a professional realtor. A realtor knows the market and has experience navigating the spring real estate frenzy. It’s springtime, and whether you’re buying or selling, Carod Properties is here to help!

By: Alicia M. Caldwell, AMC Literary Services