Housing "Black Friday"

by Karen Briscoe
December 27, 2017
The holiday season is in the past and the New Year is upon us. While many are still in celebration mode active professional real estate agents are busy. It happens that "Housing Black Friday" is frequently the first Friday after Christmas. That's right, immediately after the holiday people began actively searching for homes. I have several theories for this phenomenon.
In many cases people have been busy entertaining guests over the holiday season. All of the flaws of the home have become that much more apparent. People decide that next year they are going to do something about it. Moving becomes the family's New Year's Resolution!
Some may realize that the home has become too big. Finally they come to the conclusion that they don't want to own and maintain the property through aother winter season. For those that are bursting at the saems, they realize they really do need more space and are ready to make the move to a larger place.
Also during the holiday season more people have time off. Many companies shut down or require a more limited work schedule. Because of this people have more time to spend on the Internet exploring their housing options.
End-of-the-year bonuses have been dispersed that can go towards a down payment. Families often make decisions about gifting money during the holidays which can also contribute to a purchase.
Many Sellers begin the process of preparing their home for the spring market after the first of the year. This often includes getting in touch with a professional Realtor for a free Comparative MArket Analysis. Agents frequently go to see homes for Sellers to help them determine what work should be done in order to sell quickly once on the market. If that is the case for you, know that we always have time to provide a free confidential Comparative MArket Analysis for your home.
There are a myriad of reaons to start the process of selling or buying a home. Should you wish to explore the options with a professional Realtor, Karen Briscoe and Lizzy Conroy would be delighted to be of assistance. The Huckaby Briscoe Conroy Group team with Keller Williams offers real estate expertise for the Northern Virginia, Washington DC, and metro Maryland markets. Please contact via the means most convenient for you. www.HBCGroupKW.com, 703-734-0192, Homes@HBCGroupKW.com.
The link to the Realtor.com article addressing the above noted statistics: https://www.realtor.com/news/trends/real-estate-market-during-major-holidays/?identityID=9494959&MID=2015_11_MonthlyNewsletter-Rollout-General&RID=346459882&cid=eml-2015-11-MonthlyNL-hero_buyer-blogs_buy
Karen Briscoe is Principal of the Huckaby Briscoe Conroy Group (HBC) and author of "Real Estate Success in 5 Minutes a Day". She is an Associate Broker in Virginia, a Certified Luxury Home Market Specialist, and a member of the Women’s Council of Realtors. Karen began her real estate career developing residential lots with the Trammel Crow Company in Dallas, and in commercial real estate with The Staubach Company in the Washington, DC Metro area. Karen has a Masters Degree from Southern Methodist University and her BA from Stephens College in Columbia, Missouri – her hometown.
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