The Real Estate market in Charlotte is seasonal, despite recent changes to interest rates that has helped increase the number of buyers looking in colder weather. The ‘Prime’ time to buy or sell a house is in the Spring. During spring, many people list their houses as the weather warms up in anticipation of a move during the late spring or at the end of the school year if they have school aged children.
In Spring, there are typically more homes listed, so buyers have more houses to choose from than in Fall or Winter. If you’re buying in the spring, this means you have the greatest opportunity to find a house that meets more of your criteria because there are more houses available than at other times of the year. Spring is also a more competitive real estate market than at other times of the year. There are more buyers looking in spring, so more people compete for the houses that are available. Houses listed in the spring tend to sell faster and have fewer days on the market than houses listed during other seasons because there is more urgency to make a decision about a house in the spring, whether it’s a yes or a no. Once you find the right home for you and your family, you’ll want to move quickly to make an offer.
If you’re thinking about buying this spring, it’s helpful to talk to find the right real estate agent now. Bring your list of ‘Must Haves’ to meet with your potential agent and discuss the neighborhoods or areas of town that you’ll be looking for a house. Choose a great agent who knows your desired neighborhoods well and someone who understands your priority list for a house. Many agents specialize in certain areas of the Charlotte region and work together often. An agent who is familiar with your desired area might know the listing agent well and be able to get you in to see a house that meets all of your criteria before a lot of other buyers see it. Sometimes, like here at Lewis & Kirk, an agency has multiple agents that specialize in certain areas or as Buyer’s Agents. Look for Realtor or an agency that meets your needs early in the season.
If you’re shopping for a new house in spring, it’s also a good idea to have a pre-approval in hand that you can submit with your offer. Working with a mortgage broker early in the process ensures you know what you can afford. This way, you and your Realtor can spend time looking at the right houses for you and your family. If you don’t have a mortgage broker, your real estate agent can recommend one for you.
Enjoy the adventure!