Summer Has Not Started, But For Real Estate, Summer Is Nearly Over


Summer Has Not Started, But For Real Estate, Summer Is Nearly Over
By Scott Rogers • June 17, 2019
Technically, summer has not even started yet -- the first day of summer is June 21, 2019 - this Friday. I suppose then, that was why we had such pleasant temperatures over the past week or two -- it was really late Spring, not yet Summer. :-) But for real estate, summer is almost over, at least as a home seller. Home buyers that want to close on their home purchase before next school year are likely aiming to close on their purchase by around August 15, 2019. Most contracts take around 45 days (sometimes 30, sometimes 60, sometimes in between or longer or shorter) to get from a brand new contract to the settlement table. If you wanted to close on a home by August 15, and it was going to take 45 days to do so, you'd need to be under contract by July 1. So -- that leaves buyers with only about two weeks to get a house under contract if they want to close on their purchase and have a chance to move in prior to next school year. So, buyers, get ready to amp up your game and get that new house under contract! And sellers, if you want to sell your house this summer, you need to get it on the market soon, now, yesterday! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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