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User:EmilyHomer222

EmilyHomer222 — Thu, 12 Jul 2012 16:48:42 GMT

EmilyHomer222: Created page with 'Los Angeles Homes - Cold temperature is the Best Time to Buy Did you ever hear it asserted you may get a much better home deal if you buy before the summertime? According to L…'

Los Angeles Homes - Cold temperature is the Best Time to Buy

Did you ever hear it asserted you may get a much better home deal if you buy before the summertime? According to Los Angeles MLS data, this seems to be true.

Okay, you might disagree since you say it's always warm in La. I personally disagree, I'm all incorporated right now in my cold office complaining that my heater isn't doing it's job. It's only 55 degrees and i am still freezing to go out. I realize that's ridiculous, all of those other country is a lot more miserable and cold than I'm, but that's how a spoiled Los Angeles resident much like me feels. That's even the general public La consensus, and i'm going to show you some interesting data regarding this.

In November of 2008, the Median Sold Price for LA county MLS properties was approximately $388,000. In December the median price went down to about $380,000. Here's the actual interesting part. From January to April of 2009 it bounced between approximately $340,000 and $355,000. That's a $48,000 price decrease from November. Full the sunshine statistics begin in May because the price shot up to $375,000 having a peak of approximately $380,000 in June. It started heading down once more in September when the kids went back to school, with a Median Sold Price of $360,00 and then in November the price as much as $377,000. The main reason the median price didn't reach $388,000 because it was back in November of 2008 is a result of the median price declining 3% over the year. For the 2008-2009 period of time, it appears that the months of January through April showed significant price decreases.

[http://www.sunsetstriprealty.com/HomesAuthenticated.aspx?tabid=2410861 LOS ANGELES REAL ESTATE]

There are lots of contributing factors to these prices, such as government programs, foreclosures, the economy and inventory levels. As a general rule though, ask any seasoned Los Angeles property investor and they'll attest to this cold temperature theory. Investors can't stand this bit of good sense known, as they will be offering their secrets. Consider it yourself, would you rather shop in cold temperature or warm?

Years ago we were looking for bargains on course homes. I was looking all day at a large community of new golf course homes, and basically I wanted to give up because it was cold and rainy. My husband inquired about to please keep going, as this was the optimum time to locate that great deal. In summary, within 2 hours we'd bought not one but two brand new golf course homes at an incredible price. One house had just fallen from escrow the hour we turned up and another of the houses was available but for some reason we'd to pry the information out of the agent. I was at the right place in the right time. My hubby went the following morning to accomplish the start-up paperwork on both of these homes. It had been a bright and sunny morning having a number of home buyers swarming the office to ascertain if my hubby would actually show up. They were told if he didn't show up they could purchase one from the homes for themselves. We often laugh by what happened on that cold and day you need it and will remember how much fun it had been to find those two great real estate deals.

If serious investors realize the very best deals can be purchased within the colder months, don't you think maybe you should consider buying when everyone is not? It's correct there might not be as many Los Angeles homes to select from within the colder season, but there still is a high probability to locate that perfect home at that perfect lower price. Once the warm months arrive, the market becomes overly competitive with anxious buyers in the busy property season. Home deals aren't found as easily, and you'll have to contend with those other 20 buyers making offers on the homes that everybody and their brother likes.

So the next time it's cold and rainy and you really do not seem like going outdoors and battling the elements, maybe say to yourself "Hey, this is the best time for you to find the house and save Lots of money. Let's go!"

EmilyHomer222

EmilyHomer222 — Thu, 12 Jul 2012 16:48:37 GMT