As we head into the busiest time of year for real estate sales, it is important for buyers and sellers to understand the market to ensure their ideal outcome. For buyers purchasing a home in the Spring Market, there is one rule that must be followed; Be First! Once you have established a wish list of the type of property you are looking for, you have to watch the market intensely. This means checking several times a day to see what is new to the market and scheduling a showing for the next available time slot. The key is to Be the First to view properties that fit your criteria and your budget. By viewing a property first you are able to make a decision as to whether or not you would like to place an offer or to continue looking. The reason that this is so important in the Spring is that the competition is very fierce. There are more buyers looking for a limited supply of select property, so you have to be quick, because once a good deal passes it may be moths before the next one will comes along.
For sellers, the most important aspect of selling a home is the price. If you want to sell your property quickly but at a fear price, watch the competition. Make sure you list your property just slightly below that of similar properties on the market and in you neighborhood. This will enable you to instantly stand out from the crowd and grab the attention of all of the potential buyers on the market.
Above all it is important for buyers and sellers to understand that all real estate is unique. That being said, it is important to follow these tips. They may seem obvious to some, but very few actually realize that following them will lead to a much more enjoyable spring versus another year of looking.