Columbus Day Sales in Full Swing - Houses Too!

Yes, retail stores are starting their holiday sales on Columbus Day! Too soon? Well, maybe, but not for homeowners who want to sell their houses and homebuyers who want move before the holidays or at least before the winter...who wants to be moving in the snow and ice?

Serious sellers who are putting their houses on the market now need to make sure they are pricing their homes realistically and those who have been on the market for a while and over estimated what buyers would be willing to pay need to reduce their prices; and many are doing that. We're seeing price reductions everyday in towns where you may not expect it - Concord, Weston, Newton, Arlington, Wayland, etc.. Luxury home buyers have some especially good opportunities right now. If you are planning to buy a house and want to be in for the holidays or soon after, Columbus Day is the day to get going!

Unlike shopping for clothing, electronics, mattresses, or even a car where you can get same day
pickup or take possession within a couple of days, it takes time to close on a house. If you're selling you need to get the house ready and your agent needs time to market the property in order to secure the right buyer. If you are buying, you need to contract with a buyer agent, decide on a property, do your due diligence, have your home inspection, have your attorney review documents and have your mortgage approved and cleared to close.

 The timeline from offer acceptance to closing on a home is generally 45 to 60 days. Some lenders can get everything done in 30 days if all of your paperwork is in order and the appraisal can be completed quickly, but that is too stressful for most buyers and most offer 45 to 60 days. Even cash deals can take a couple of weeks - title searches and paperwork still need to be completed by attorneys, etc.

The Fall real estate market is in process and if you want to be home for the holidays, take a page from retailers and start now. Oh and about those great retail sales, it's a good idea to hold off on your purchases and not run up debt on your credit cards. Lenders don't like to see a lot of new debt when they are reviewing your eligibility for a mortgage. They'll be plenty of bargains, especially on home-goods, after the holidays... and you'll have a great time filling your new home! Check out homes for sale and contact me if you'd like to be home for the holidays - https://www.marilynmessenger.com

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