Real Estate Buyers and Sellers Head Towards an Exciting Winter Season.
It seems Sedona real estate takes a different turn every year. Whether its the buyer’s market introducing tons of new options with affordable prices or the seller’s market hosting intensive bidding sessions with inflated rates, there is no denying that it is one of the most vibrant markets to date. 2014 did not fail to meet our expectations and one cannot help but wonder what is in store for 2015. Well, just in case you’re planning on entering the market soon, knowing what to expect can be very advantageous.
Below are 4 useful strategies that can help you make the best of all the market has to offer:
Greater Opportunities For Buyers and Sellers
We are all familiar with the phrase: “make hay while the sun shines” and while this is true in most cases when it comes to Sedona’s real estate market, the best time for purchase or sale is when the sun is “down”. The winter season is the most festive period for the real estate market. A lot of buyers will delay their house hunt until the winter period is over, and this means greater choices and lower mortgage rates. Sellers who put their homes on the market now will have more time to negotiate prices and explore different options.
Don’t Procrastinate: Now is The Right Time To Buy and Sell
The Price tag you attach to your property plays an essential role with whether or not you are able to make a successful house sale. Many regions in America have experienced double-digit increases in real estate prices over the last couple of years. However, price changes have slowed significantly, especially in Sedona.
With the rapid fluctuation in prices you should first look at similar properties in the area and come up with practical prices. In addition, looking at previous sales prices in the market as well as the median sale price will help you to come up with a more accurate price. Bear in mind that the most recent figures will give you a more accurate indication of what is happening in the market.
Guess what? Bidding Wars Have Reduced
Those good old bidding wars that raged the industry in the past have yet to return. This opens up a lot of opportunities for buyers to patiently explore their options, however it also means fewer offers coming in for sellers. Nonetheless, with the right method in place there is a good chance that you will be able to make a successful sale or purchase.
Stay Ahead Of The Competition
Racing to stay ahead of the your competitors? Put your house on the market now to stay ahead of the competition. Despite great selling opportunities, fewer houses usually enter the market during October or November. More properties usually crowd the market during May and June. Therefore, putting your house on the market early will give you a chance to walk the runway on your own and claim the spotlight. Buyers who love to shop in the cold will be eager to jump onboard.