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Unlocking the June Housing Market

Buyers Herbert Riggs June 11, 2024

As the temperature rises, so does the activity in the real estate market. June is a bustling month for the housing market, with a surge of buyers and sellers making their moves. If you're considering a real estate transaction this month, here's a comprehensive guide to ensure you're fully prepared for the opportunities and challenges that come with it.


For Buyers Eyeing June 

For many homebuyers, the appeal of moving during the late spring and early summer months is driven by the desire to settle into a new home before the upcoming school year. This seasonal trend results in a higher volume of homes changing hands, creating a more competitive landscape for buyers. However, the silver lining lies in the increased inventory of homes for sale during this period, providing buyers with a wider range of options to explore.

Navigating this bustling season requires the support of a trusted real estate agent. Your agent will play a pivotal role in keeping you informed about the latest listings, offering valuable insights on crafting a compelling offer in a competitive market, and providing expert guidance on determining the true value of a property. As emphasized by Forbes, approaching the market armed with knowledge and realistic expectations is key to making a well-informed purchase decision that aligns with your budget and lifestyle.


For Sellers Stepping into June 

If you're considering selling your home in June, you're in a favorable position due to the heightened demand from prospective buyers. With many buyers eager to settle into a new home before the start of the school year, sellers can anticipate receiving strong offers and potentially achieving a faster sale or a higher selling price. The National Association of Realtors (NAR) notes that the warmer weather and the end of the school year contribute to increased buyer and seller activity, leading to heightened competition and, consequently, higher prices.


To capitalize on this opportune moment, it's crucial to enlist the expertise of a skilled real estate agent who can expertly navigate the contingencies of offers and handle negotiations to secure the best possible deal. Discussing closing dates with your agent is essential, as buyers may seek flexibility to align with the school calendar, potentially impacting the timing of the closing and move-in dates. Remaining open and adaptable to these considerations can contribute to a smoother transaction process, and may even lead to concessions from the buyer, such as covering a portion of your closing costs or overlooking certain property features.

 

In Conclusion, whether you're buying or selling in the bustling June housing market, partnering with a knowledgeable and experienced real estate agent is essential for success. By leveraging their expertise, staying informed about market conditions, and being flexible in your approach, you can confidently navigate the dynamic landscape of the real estate market during this busy season. With the right support and preparation, you can make your real estate goals a reality in the vibrant month of June. As U.S. News Real Estate explains:

“ . . if your house goes under contract in early summer, the buyer may ask for a delay in closing or move-in until the school year finishes or their current home has sold. Alternatively, a buyer later in summer may be looking to close quickly and move in under a month. Remain flexible to keep the deal running smoothly, and your buyer may be willing to throw in concessions, like covering some of your closing costs or overlooking the old roof.”

Bottom Line

If you’re looking to make a move this June, let’s chat so you know what to expect. We’ll come up with a plan that factors in current market conditions, but still works for you.

Work With Riggs & Co

Riggs & Co. has established an award-winning real estate practice with a vision that pays attention to detail and provides extraordinarily intelligent advice.