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The Benefits of Selling Your Home During the Winter

 Should you sell your home in the winter? Today I’ll give you some points to consider.

Why might you want to sell your home during the winter? Here are a few reasons:

1. Buyers are motivated. Buyers on the market during the winter have a sense of urgency to purchase a home, and as such, they may overpay for the sake of time and convenience.

2. Homestead exemptions. Many people want to purchase their home by the end of the year so they can take advantage of the homestead exemption. If they wait until January 1, they’ll pay their taxes a year later. As we’ve seen, home values have been rising, which in turn means that property taxes will be higher for them.

By selling during the winter, you have less of a chance of attracting tire-kickers and looky-loos.

3. There’s less competition from other sellers. Since most people tend to list their home in the spring and summer, it creates a mass entry of inventory; buyer demand can’t always keep up. Selling in the winter means that there will be fewer sellers on the market, which means that buyers will notice your listing more than they might in the spring.

4. There’s less of a flurry of activity. By selling during the winter, you have less of a chance of attracting tire-kickers and looky-loos, which means you’ll waste less time on entertaining non-serious buyers. It also means you’ll spend less time on home showings; since winter buyers are more serious, it may only take one showing to one person to get your home sold.

5. Title companies and mortgage lenders are often overbooked with business during the summer. Because of this, they sometimes rush through the process and provide lower-quality service. In the winter, they don’t have as many transactions to deal with, so the service quality tends to be higher. When certain details are missed or overlooked by mortgage and title companies, it can cost you money, time, and convenience.

I hope this information was insightful and impactful to you. It is, however, important to keep in mind that we will not universally recommend selling your home during the winter; each market and home seller situation is different, and our guidance will be influenced by your neighborhood and market.

If you have any questions about selling your home during the winter or were already considering doing so, we would love the opportunity to help you. Feel free to reach out to us anytime.

The Most Lucrative Way to Sell Your Home

 Today, we’ll be letting you in on the truth about all-cash, hedge fund offers. 

You’ve probably heard already about the Wall Street hedge fund buyers that have come into Tampa Bay to purchase property directly from investors. While this may be a convenient option, it isn’t right for everyone. In fact, the convenience of these all-cash offers can be very costly.
Advertisements for these national hedge fund buyers tend to make it seem as if they don’t carry a commission fee, but this isn’t the case. Oftentimes, the commission rate for a hedge fund buyer is higher than what you’d pay to a traditional agent.

Essentially, you’re paying more to earn less. If you care about netting top dollar for your home while extracting the most possible equity from your current home, you’re likely better off pursuing the traditional listing route. Specifically, we recommend you work with us: the Duncan Duo.

When you work with all-cash hedge fund buyers, you’re generally paying more to earn less.

We can sell your home quickly and for top dollar, but you don’t have to just take our word for it. We have hundreds, if not thousands, of reviews and testimonials from satisfied clients who have seen the power of what we can do.

Not only do we offer a more lucrative experience,but we are also very upfront about what you can expect. We won’t nickel-and-dime you.

The bottom line is this: There are instances where an all-cash offer from an investor is a better choice, such as in the case of a distressed sale, but this is very seldom the case.

When you hire the right team, a traditional real estate experience isn’t nearly as complex as these hedge fund investors might make it seem.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

The RE/MAX National Housing Report and How It Relates to Tampa

If you only follow the national real estate statistics, you might have a skewed perspective of what’s happening on a local level. Here’s what’s really going on in our market.

The RE/MAX National Housing Report comes out every month, and it discusses national statistics for home sales. These statistics can be misleading; you might see a number that suggests sales are down for the year on a national scale, but that doesn’t mean sales are down locally.

It’s important to remember that when you’re looking at national real estate trends, it’s a little like hearing a weather report that says the average high temperature in the United States is 82 degrees. That’s simply an overall look at the national average, and it shouldn’t be used to determine the weather (or market activity) on a local scale.

Local market statistics may be doing much better or worse than what the National Housing Report says. The most recent report from September noted that real estate values were up 5.6% year over year, but sales were down 11%.

This is interesting because if you look at Tampa, for example, sales are actually up 8.2% year over year; that means we’re outperforming the national market trend as a whole.

Overall, I think this softening of the market will do us some good.

If you watch the news about real estate, you’ve probably heard that a market shift is imminent. I think that it will impact Tampa, stabilizing and flattening out the market. Because there are so many home sellers who are having trouble selling, there is more inventory on the market for buyers. Many of these sellers are concerned that they won’t be able to find or buy a home to replace their listing.

Overall, I think this softening of the market will do us some good. It’s creating more inventory for buyers, and it will eventually make sellers comfortable enough to sell. Prices are at historic highs, but the number of sales hasn't decreased here as it has nationally. Further to that, we’re experiencing a lot of job growth via corporations relocated here, in addition to our booming local economy. We’re still seeing a lot of great things here in Tampa Bay.

This shift we’re expecting is not the same thing as a recession—we’ll simply be moving from having three months of inventory to having around four, five, or six months’ worth. The shift means the market is balancing, which in turn means that there won’t be as much pressure on either buyers or sellers.

For any questions you have about buying, selling, or moving to a new home, please reach out to us. We’d be happy to help you partake in that adventure.