If you are thinking about buying a new home and are looking to buy in the next few months, you may find that the home you are looking at is more than you thought. A lot of factors are at play when it comes to the home you are looking at and you will probably want to research the real estate market before you buy. It’s a little like going to the grocery store and shopping for a few days and then buying something new.
The first thing you need to know is that buying a home in the next few months is not going to be as easy as you think. The reason that there are so many people looking to buy a home in the next few months is because it is an extremely expensive time of year.
In early September, a new home buyer has a lot of competition in the housing market. It’s a time when the housing market will be up and running. In the first few months of a typical New York City housing market year, prices are about 20 to 25 percent above average. But in the next few months, they will be about 30 to 40 percent above average. So it’s not really too early to start getting excited.
The problem is that the first five weeks after a home is listed, there is a very long period of time where there are no new listings. But in the last five weeks, there are so many listings that prices in certain areas start to rise dramatically.
That’s great news for the owners of properties that have been priced too high, but it means they are now competing with the buyers of houses that are on the market just waiting for the new listings to come in. That means that they may be forced to offer prices above the inflated market price to make up the difference.
As long as new listings come in, prices rise. But as long as no new listings come in, prices fall. That’s because we humans tend to be a greedy bunch when it comes to price. We tend to want to buy a house that is perfect for our needs, and we tend to be so busy trying to get the perfect house that we often don’t think about the fact that there may be others out there just as nice that we might be able to buy.
Now that we have a market where there are no new listings coming in, prices will fall. But until then, we humans are going to be forced to offer them more than the inflated market price to make up the difference.
That’s why so many people, including myself, have a problem with “new construction”. While it is a good way to start building a house, it tends to be expensive and stressful. The sad thing is that most of the time, I’m not even thinking about the fact that there are others out there that can build a better house for a lower price.
In a world with no new construction, there will be a shortage of houses available for sale. So if you want to sell your home and you’re not prepared to pay top dollar, you will be stuck with the price of a house that currently doesn’t exist. We are just one more thing that might drive prices down, and if that happens, you will be stuck with a house that is already very close to the price you wanted.
One of the most common ways that people get stuck with the price of a house they don’t want is by selling it as soon as they can. This is the reason that some real estate agents are so eager to get rid of their listings. You can see this with the example of the three examples above where people sell their homes for top dollar. I know this because I have had an agent walk me through this process on a lot of my listings.