Tuesday, September 05, 2006

 

How "Back to School" Affects Cape Coral Florida Real Estate Values

It's official - today is the first day back to school for the kids.

So what's so significant about that?

Well if you're a parent, you're probably breathing a big sign of relief!:-)

No more babysitters needed, kids are out the house, and things are
a bit quieter in the neighborhood.

OK, those are all "givens". Everybody knows that. But here's what
back to school means for real estate values around the world.

Because they 'soften' during this time.

What do I mean by that?

Well, for one thing, historically, we're coming into the time of year when
the majority of homebuyers have exited the marketplace. Because
kids are back in school, the parents don't want to just up and move in the
middle of the school year. It's a nightmare for them and their children.

Secondly, the real estate market almost grinds to a halt during mid October
clear through to the first week of January.

Those reasons are plain obvious, because no one is thinking about buying a
new home and making a move soon when they have to deal with Hallowe'en,
ThanksGiving, Hannukah/Christmas, and New Year's.

That's what happens to the marketplace. But what this spells for YOU as
a homebuyer is BETTER DEALS.

For instance, anyone that is selling KNOWS that we're entering the slowest
time of year. Which means less buyers, and they're more apt to offer incentives.

Heck, I'll bet they'll even lower their price much more than they would have if
it was still the summer season. So get out there, and find those undervalued
properties and make yourself some Money (equity).

Now's the time to find MORE LUCRATIVE real estate deals.

P.S. Got an opinion or a question? We'd love to hear from you. Feel free to respond
and share your comments on real estate and/or this blog here.

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