RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Why Fall Is Time to Buy—or Sell—a Home

October 19, 2016 1:03 am


The data have it: October is one of the better months to buy, or sell.

Homebuyers, according to RealtyTrac®, tend to get the best deals in October, based on an analysis of more than 30 million single-family home and condominium sales that happened over the last 15 years—of the 2.7 million sales closed in October over that period, the average sale price was 2.6 percent below average estimated full market value.

Why the downtrend? One of the main causes is lesser demand, which results in lower prices. Another cause could be the presence of “spring leftovers”—the homes that didn’t sell in the spring or summer placed back on the market, at a reduced price, in fall.

Historically, fall has been an ideal season for homebuyers—it lacks the pace of peak real estate season, which can be intimidating (especially to newcomers), and it offers time to buy between the frenetic start of the school year and the holidays. The beginning of school, as well, means that fewer homebuyers will be out searching for homes, lessening the competition for other buyers, and bidding wars, as a result.

Still, fall can be ideal for those on the other side of the closing table—sellers. Sellers in the fall generally attract more serious buyers than at other times of year, upping the chance they’ll get a well-intentioned offer. They also could be on a faster path to closing, as well, because fall is outside of peak season—some buyers, then, may have a pressing reason to buy.

October, specifically, is also ideal for both parties in that appliances go on sale—manufacturers deeply discount previous years’ models to make way for the next years’ hitting the shelves. How about that for incentive?

Whether it’s spring, summer, fall or winter, I’m prepared to help you with your real estate needs. Contact me today!
 

Published with permission from RISMedia.


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America's Spending: Booze, Coffee, and a Whole Lot of Extras

October 18, 2016 1:00 am


“What did I spend all that money on?!"

Most of us have had that reaction at one time or another—it usually comes when we see that sky-high credit card bill come in.

What do we really spend our money on? Online coupon collector RetailMeNot recently discovered the answer as part of its “WTF Did I Spend My Money On?” campaign.

Food – Each week, 85 percent of us stock up on groceries, averaging $115, and 74 percent of us treat ourselves to a meal out each week, averaging $58. All that eating out can add up— $3,016 a year!

Beer – Forty-eight percent of us aged 21 and over buy beer each month, racking up $50 in the process. That’s pouring out $600 a year!

Coffee – Forty-eight percent of us spring for a cup o’ Joe each week, averaging $18, or $936 a year. That’s almost a grand!

Wine – Forty-three percent of us aged 21 and over purchase wine each month, averaging $51—about the same as beer buyers.

Other common contributors to spending, according to RetailMeNot, are manicures and pedicures—averaging $1,471.08 a year!—and pet supplies, averaging $221 per month for dog owners and $192 per month for cat owners.

More of us are also spending on newer types of recurring expenses—rides from Lyft or Uber average $45 per week ($2,340 per year), and meal delivery services average $42.44 per week, or $2,206.88 per year, RetailMeNot found.

What are you spending your money on?

Source: RetailMeNot
 

Published with permission from RISMedia.


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