A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
You know that play in football where the quarterback seems to hand the ball off to a running back and the entire defense concentrates on that "runner," only to find that the ball ended up in the hands of someone on the other side, who then sprints down the sideline and scores a touchdown? That's pretty much what it's like to buy a home during the holidays. While everyone is busy looking at all the pretty, shiny things and on-sale things and yummy things, you're sneaking around the other side with the ball, or, rather, the offer, that gets you the house you want.
Whether you're a professional property developer or a single homeowner, financing your property ambitions comes above all else. Even professional property developers with a proven system of acquiring and renovating homes, condominiums and business properties can run into financing issues. We've examined the benefits of financing a higher down payment, purchasing renovations and the cash financing options available for those of you looking to buy and upgrade your home.
If you're thinking about selling your house, or if it's just in need of a little love, taking advantage of sales throughout the holiday season can help you add a little pizazz or make it more attractive to the potential next owner. Knowing what to look for and what to stay away from this season can help you make smart buys.
It never fails. You have weeks, or even months, to get your house in order before family arrives to celebrate the holidays. But now it's days, or even hours, before their arrival, and well, you're nowhere near ready. Heed a few tips to get your house in great shape before the family descends on you.