Barry Cavalancia
Broker
Realty Executives Associates
Minnesota has some harsh winters that permit one to walk on frozen lakes, snowmobile, ice fish, broomball, hockey, ice skate, skii and sit by the fire. Moving is not something most wish to take on in winter. At the end of these winters comes spring. The ground thaws, the ice melts, and the heat of summer comes once again. It is this time where the largest number of buyers and sellers come together and move about. Thus the question: when is the right time to sale your home or when is the best time to start looking for a new home? Historically Minnesota has a larger number of homes for sale in late March and April. As a buyer one should probably look for the right home daily or weekly and can easily do so with all the listings on the web and when the right property comes along buy it. Historically mortgage rates rise slightly in late spring as business increases so early or later one will get a better rate. This being an election year rates usually remain stable. For sellers one should probably list now ahead of the pack to get a jump on the larger more competitive market. Harsh March snow or cold can slow the spring surge in real estate as easily as a couple of nice warm sunny days can propel the market. Best advice: list your home for sale ahead of the pack and if buying look every day online and only go look at those that meet most of your requirements.
