Desty Lorino is a real estate agent with over 20 years as a licensed professional. Desty is with the Coldwell Banker Residential Brokerage’s North Shore office, located in Glendale, and prides his success on a high level of service and market knowledge. Today, he reminds us that the spring housing market is a great time to find a deal:
Our family is, self-admittedly, a coupon family, and with all of the coupons we get, we always seem to have a stack of 10 percent off offers from Bed, Bath & Beyond. One thing you’ll never see, however, is a coupon for 10 percent off a house. At least, you won’t see it in print — but it just may be on sale.
As the spring market approaches, many homeowners who have put their houses on the market in late fall or winter feel compelled to lower their prices to increase activity. Most Realtors, myself included, will tell you it’s a smart move for them, as they’re going to see an increase in competition from new listings in April and May. While some of these homes may drop $5,000 or $10,000, some may see even deeper discounts, depending on their location and situation.
Just in the past few weeks, I’ve seen several homes’ list prices drop $20,000 and $30,000. It’s not that uncommon. So what does it mean for you if you’re looking at new homes?
Right now, it means you have the opportunity to find a really, really good bargain. As we’ve talked about before, first-time home buyers — between tax savings you’ll realize, the lowered prices and the lack of a previous home to sell — are in the best position to get a great first house at a great price, not to mention with a great interest rate.
Not a first time home-buyer? You can still take advantage of the prices. If you think now is the right time to buy, do some looking around, and feel free to call me, 414-962-8888, or your Realtor with any questions you may have. Although you may have to make an offer on a new home with a sale contingency on your previous house, you may find a great opportunity for your family — and for your future equity.
So, although you won’t get one in the mail or see it online, there may be a deal for you just a phone call and a showing away. Take a look online, and see how much you can save right now — no coupon required.