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User:LilleyWorden177

LilleyWorden177 — Thu, 12 Jul 2012 16:49:03 GMT

LilleyWorden177: Created page with 'La Homes - Cold Weather is the Best Time to Buy Have you ever heard it said that you may get a better home deal if you buy prior to the summertime? According to Los Angeles ML…'

La Homes - Cold Weather is the Best Time to Buy

Have you ever heard it said that you may get a better home deal if you buy prior to the summertime? According to Los Angeles MLS data, this seems to be true.

Okay, you may disagree because you say it certainly is warm in La. I personally disagree, I'm all bundled up at this time during my cold office complaining that my heater isn't doing it's job. It's only 55 degrees and I'm still too cold to go out. I recognize that's ridiculous, all of those other country is a lot more miserable and cold than I'm, but that is the way a spoiled Los Angeles resident like me feels. That's even the public Los Angeles consensus, and i'm going to demonstrate some interesting data in regards to this.

In November of 2008, the Median Sold Price for LA county MLS properties was approximately $388,000. In December the median price transpired to about $380,000. Here's the real 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 warm weather statistics start in May as the price increased to $375,000 having a peak of around $380,000 in June. It started heading down once more in September when the kids returned to school, with a Median Sold Cost of $360,00 after which in November the price up to $377,000. The main reason the median price didn't reach $388,000 because it was in November of 2008 is a result of the median price declining 3% within the year. For the 2008-2009 time period, it would appear that the months of January through April showed significant price decreases.

[http://www.sunsetstriprealty.com/HomesAuthenticated.aspx?tabid=2410861 Los ANGELES HOMES]

There are many contributing factors to these prices, for example government programs, foreclosures, the economy and inventory levels. Typically though, ask any seasoned Los Angeles property investor and they'll attest to this cold weather theory. Investors don't like this little bit of common sense known, because they is going to be giving away their secrets. Consider it yourself, would you rather go shopping in cold weather or warm?

Years back my husband and I were actively seeking great deals on golf course homes. We were looking all day long in a large community of recent course homes, and basically I wanted to give up because it was cold and rainy. My husband asked me to impress keep going, because this was the optimum time to locate that great deal. In summary, within two hours we had bought not one but two completely new course homes in an incredible price. One house had just fallen out of escrow the hour we showed up and the other of the houses was available however for some reason we'd to pry the data out of the agent. We were at the right place in the right time. My hubby went the next morning to complete the start-up paperwork on both of these homes. It was a bright and sunny morning with a number of home buyers swarming work to ascertain if my hubby would actually show up. These were told if he didn't show up they could purchase one from the homes on their own. We quite often laugh by what happened on that cold and day you need it and will remember just how much fun it was to find the above great property deals.

If serious investors realize the very best deals can be purchased in the colder months, don't you think perhaps you should consider buying when everybody is not? It's true there might 't be as many La homes to pick from in the colder season, but there is still a good chance to find that perfect home at that perfect discounted. Once the warm months arrive, the marketplace becomes overly competitive with anxious buyers within the busy real estate season. Home deals aren't found as quickly, and you will have to contend with those other 20 buyers making offers around the homes that everyone as well as their brother likes.

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

LilleyWorden177

LilleyWorden177 — Thu, 12 Jul 2012 16:48:58 GMT