Showing posts with label bank owned. Show all posts
Showing posts with label bank owned. Show all posts

Wednesday, September 10, 2008

House Sales after summer

It's quite traditional in this area that the buying of houses starts to decrease after the summer months.

It stands to reason that most people find the summer months the easiest time to move. The weather is in your favor. Have you ever moved when it's raining? I have it can be a concern to you as you manage your furniture in the rain. I've had to sit some big pieces out in the rain while we decide where they will go inside. Fortunately in California the rain is not as prevelant as in Melbourne Australia.

Summer is also a time when children are off school and parents feel it is easier to settle them into a new environment and sometimes get them mentally prepared for a new school. Summer is also a time when parents can manage some time off work to make these moves.

If however some of these issues do not affect you waiting till the holiday season and the winter months can be off benefit. The only down side is that the inventory also decreases and with the current changing market you may see more REO's and more short sales and less regular sales.

It appears that REO's and Short Sales tend to require more work than a regular sale and typically do not have reports with them. However, if you can find a non-REO or non-short sale and you like it - don't wait because you along with someone else thinking the same as you will grab that opportunity. It's definately easier to deal with an owner than a bank when it comes to negotiating.