Tag Archives: #RealEstateWays

Why Late Spring is the Best Time to List!

Why-Late-Spring-is-Best-Time-to-Sell Why Late Spring is the Best Time to List!

Why Late Spring Is the Best Time to List

Spring has officially arrived, but most home sellers considering listing soon in order to capitalize on the impending spring home shopping season should consider waiting at least a few weeks more to both maximize their sale price and speed up the process. Nationwide, the best two-week window for home sellers is the first half of May: U.S. homes listed in the May 1 to May 15 period generally sell almost two weeks faster than the average listing in the year, and they command a final price $2,400 more, on average, than homes listed at other times. The first half of May was the best time to list in 14 of the 24 large markets analyzed by Zillow. The start to the 2018 spring selling season has been characterized by an acute shortage of homes for sale, meaning a large number of home shoppers likely will be unable to find the right home in the early weeks of spring. Later in the season, these buyers may end up spending more than they intended as they get wrapped up in competition and/or rush to conclude a deal before summer. This means late-spring listers can capture buyers likely to be frustrated and earn an additional premium. As with most things, there are exceptions to the early-May best-time-to-list rule. In Pittsburgh, potential sellers thinking of listing this year should consider getting a move on:  The Steel City’s magic window is March 16 to March 31 (i.e., right now), the earliest among the two dozen large markets analyzed. At the other end of the spectrum, St. Louis home sellers have the luxury of time: The best time to list in the Gateway to the West won’t come until the first half of June, latest among markets analyzed.
–From Forbes.com



Seattle-Area Home Market Heats Up Yet Again, Leading the Country for 17th Straight Month

Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down. The cost of the typical single-family house across the Seattle metro area grew 12.9 percent in January from a year prior, according to the monthly Case-Shiller home price index, released Tuesday. It’s the 17th month in a row that Seattle has led thecountry in home-price increases. That’s a record for Seattle and the longest streak for any metro area since San Francisco’s 20-month run that ended in 2001. There is, yet again, no sign that Seattle’s seemingly never-ending market surge is letting up — just the opposite. Driven by an uptick in cost for starter homes, price growth has started to accelerate slightly again after having stayed steady at 12.7 percent for the previous few months. And compared to just a month ago, home values grew 0.7 percent. That’s tied for the most in the country, and the biggest
month-over-month increase locally since last summer. Prices don’t usually go up that much here in the winter. Adjusting for the season, the price growth over the last month was triple the U.S. average. The biggest jump occurred in the cheapest homes in the area — those that are generally in the outlying areas of the region, and smaller, starter homes. Those houses cost 14.1 percent more than a year ago, the second-biggest increase in four years.

.–From Forbes.com


Want to Lower Your Property Taxes? 7 Steps to
Appeal—and Win

If you’re a homeowner, you probably already know that recent tax legislation means you can now deduct only up to $10,000 worth of property taxes from your federal tax bill. And if you live in a high-tax state—New Jersey, Illinois, and Texas, we’re looking at you, that probably feels like a drop in the bucket. So it’s understandable if you’re feeling a little extra burn as you pull out your checkbook this tax season. But what can you do besides complain? (Or move?) Sadly, there’s no “get out of paying property tax” loophole—it’s an ongoing burden that homeowners everywhere must take on. But there is a chance you can shrink the amount of taxes you owe on your home. Here’s how.
– From  www.Realtor.com