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The Gulf Coast Spring Buying Season
Dated: June 1 2017
As the spring season and beautiful weather approaches, so does the most active time of the year for real estate sales along the shores of Orange Beach, Gulf Shores, and Perdido Key. While the nice weather certainly helps to increase the activity, there are some other reasons that aren’t so obvious. Understanding the catalysts behind the transactions may help you get the most out of your next Gulf Coast real estate closing.
For many potential buyers, the buying process starts during the winter months. They begin to search for properties online and start viewing them while they are more readily available due to a lack of rental activity during the offseason. As spring begins to roll around, buyers have identified a property or two that they would like to buy, and the nice weather starts to get them in the psychological mood to be outside and have their new property at the beach.
In addition, buyers may want to take advantage of the peak rental season if they plan to rent, and therefore want to close in late fall or spring in order to be able to rent throughout the summer. Lastly, many buyers also know that the spring and summer seasons are the most active for real estate sales, thus reducing inventory, and creating price appreciation. Feeling the pressure of potentially losing out on the property they want, or having to pay more for it, pushes them to pull the trigger.
As a seller of real estate, knowing the above motivations for buyers can help you with the timing of your listing, negotiations, and price reductions or increases. As a buyer of real estate, keep the above information in mind so that you can be sure to minimize increased competition, get the property you want, and get the most out of your property.
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As an Orange Beach homeowner and resident, Lance enjoys living the Gulf Coast lifestyle and is passionate about sharing it with others. He helps his valued clients achieve wealth creation and personal....