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Wednesday, July 10, 2013

Tis the season... the real estate season, that is!

Real estate is cyclical.  It has always been cyclical.  Beyond within the bigger real estate business cycle there is a "local" real estate cycle.

Broadly, the real estate cycle in Brevard County,  Florida involves increased activity from the spring to end of August or September.

If one must sell their home it is always preferable to do it on one's terms (schedule, price).

Ideally a seller would like to sell a home at the peak of the market.  Besides not knowing when the peak will occur most people have schedules that do not mirror the real estate cycle.

So why is this the time to sell your Viera, Florida home?
  1. Prices are rising. 
  2. Inventory is shrinking.
Both of these reasons results in more buyers competing for fewer "move in ready" properties.   Lastly, this is the "real estate season" in Brevard County.

The increasing prices and potentially increasing mortgage interest rates makes it an ideal time to buy that replacement home.

If a new home is in your future in the next year or two this may be the best time to act.

Whether buying or selling, if it is real estate in Brevard County, Florida, call me at 321-693-3850.

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