Quote:
Originally Posted by MplsPete
I'm watching the market . . . Is there a season when home sales increase a lot? As in, Spring, Winter, etc. A lull in the Summer?
TIA.
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Sales shoot up when interest rates drop and/or house prices drop. Sellers have no control over interest rates, but a buyer who can pay cash doesn’t have to worry about that. When I bought my current home here, the seller lowered the price of a house I was interested in by 12% ($40,000) and I put in an offer to buy it that day. On the other hand, I lowered the price of my previous home here but $75,000 to make the sale. If I had put it up a couple months earlier, before interest rated went up and buying slowed, I would have got my asking price in a few days.