Prices are softening because of summer vacation!!!!!
im signed up to track houses in renton on ZipRealty.
here is a letter i got from my zip relator, letting me know i can get a great buy now becasue the market in renton is soft BECAUSE SO MANY PEOPLE ARE ON VACATION. oh. i thought it was a bubble. i thought summer was prime selling time. if i buy now do i get a pink pony?
Wanted to let you know that the market has softened in your search area. We're
seeing many Sellers reducing their prices and becoming very motivated.
This is because we are in the summer lull. Many buyers (and agents) are on
vacation. This leads to more supply and less competition. The law of supply
and demand has not been repealed so active buyers are getting great deals. This
opportunity will likely be over soon by the end of summer and into the fall.
There are a few choice windows for buyers during the year, and this is one!
If this is the right timing for you you're in luck. I wanted to let you know
what's going on in the marketplace!
here is a letter i got from my zip relator, letting me know i can get a great buy now becasue the market in renton is soft BECAUSE SO MANY PEOPLE ARE ON VACATION. oh. i thought it was a bubble. i thought summer was prime selling time. if i buy now do i get a pink pony?
Wanted to let you know that the market has softened in your search area. We're
seeing many Sellers reducing their prices and becoming very motivated.
This is because we are in the summer lull. Many buyers (and agents) are on
vacation. This leads to more supply and less competition. The law of supply
and demand has not been repealed so active buyers are getting great deals. This
opportunity will likely be over soon by the end of summer and into the fall.
There are a few choice windows for buyers during the year, and this is one!
If this is the right timing for you you're in luck. I wanted to let you know
what's going on in the marketplace!
Comments
Prospective house-buyer: "Does it always rain like this in the summer?"
Realtor: "No, it's only like this for the other nine months of the year."
PHB: "Oh . . . "
Yes, but only if it's not raining (people stay at home) and it's not sunny (people don't like to buy houses on sunny days). Also, if it's too gray and overcast then this doesn't show off the houses too well, and so that also tends to reduce sales. Weekends are best for sales, but preferably not Sunday.
In summary, I expect housing sales to recover in a big way on Saturday June 21st 2008, assuming high clouds and a dry day. If you disagree with me, you're wrong.
It's really hard to argue with that logic. Especially the part where anyone who disagrees is wrong. We're all getting so good at reasoning about real estate that I'm sure a CNNBC job is waiting right around the corner. I'm going to call my show Crazed Currency or maybe Delirious Dollars.
I recently read somewhere <up, up, up, up> that people working in the real estate profession only need to come to work on Saturday June 21st next year. So long as I can do that and still make around 6 figures, I'm in!
Wonder what I'll do with all my spare time and money. I could always invest in real estate I guess.