When Should You Purchase Your Next Home?

While wrapping up a Boomtown marketing conference, I was asked what was going on in the Toledo market. The market affects a seller when it comes time to list and determining how much the home is worth. If you’re a smart buyer, you will want to buy a house on December 30th. I’ve also included an excerpt from the conference that my colleague Bob Sokoler filmed.

As I spoke with realtors about home sales, I noticed a specific trend nationwide. “It’s been much slower,” said Lee Tessier of Baltimore, Maryland. “It’s nothing like the spring market… Stuff we figured we would sell right away is taking longer to sell,” Lee continued. “Inventory is very low, which is causing many issues from buyers finding properties,” stated Jo Ellen Nash of Naples, Florida.

I attribute the slowdown to fear, uncertainty and doubt. You’ve got the budget impasse, the debt ceiling coming up, Obamacare coming in, winter coming in and many economic writers and pundits saying we’re just inches away from another recession.
Thanks again!