I hear this question a lot: What is the best time to sell my home or to buy a different one? Let’s take a look at the retail world of clothing. Consumers get the best deal on summer clothes after July 4th or later, just as they get the best deal on winter clothes at the end of winter. So does this trend hold true for the purchase and sale of homes? Not really. There are some considerations a buyer or seller should think about that could have an impact on the transaction.
What time of the year is a better time for buyers to buy?
First off, you can’t ever time a home purchase. It is not like going out to buy a car or a cell phone. Buying a home is a journey done in your own time and after you have done the research, looked at homes and have your finances in order. At any time there are buyers coming into the market and there are other buyers who have done their research and are serious buyers. No one gets to control this ever changing flow. What is important to remember is that the inventory of homes fluctuates by the season. In spring (March-May in Minnesota), there is an increase of homes on the market and more homes means more options for buyers. It also means more buyers are looking, which means more competition to get that perfect home. While there are fewer homes listed from October-December, buyers may find the best buys during those slower selling months of the year.
When should sellers sell then?
Conventional sellers most likely would not list their home before the holidays or in the dead of winter for obvious reasons (snow and cold….brrrr). But serious buyers really don’t care about the season or timing. They are motivated when they are ready to buy. After the Thanksgiving, Christmas and New Year’s festivities are done, buyers start to think about resuming their home search or entering the marketplace as a new buyer. So what are the pros and cons to listing then? Listing January-June/July, sellers will have more competition, however there will be more buyers in the marketplace looking for homes then. If you list in the “off season” (August-December), you may be ahead because there will still be serious buyers out there and they will have fewer homes to choose from.
So as buyers and sellers strategize about when is the “BEST” time, the reality is – it is never easy, and it truly depends on your situation, what you have to buy or sell, and the market in general. Major retailers like Target can control inventory and monitor competitive activity. In real estate, there is not one buyer or seller – they are all unrelated and disconnected and there are all types of homes at all price ranges making it nearly impossible to pick the “perfect” time to buy or sell. I would be happy to help you figure out what time of the year is best for you to start your home search or put your home on the market.
Minnesota’s wet early summer should produce a colorful fall leaf display, but experts warn that it could come and go faster than usual. Patricia Arndt of the Minnesota Department of Natural Resources’ Park and Trails Division, says the fall color display will move across the state quickly. If you enjoy viewing the color or walking the trails at any of our state parks – don’t miss the wonderful fall scenery.
Colors typically peak mid-September to early October in the northern third of Minnesota, late September to early October in the central third and late September to mid-October in the southern third. Peak fall color typically lasts about two weeks, but that can vary widely, depending on location, elevation and weather.
The DNR has an online fall color finder map (http://www.mndnr.gov/fallcolor) that can help you find the best shows. The site is updated each Thursday with the latest fall color information.
To get into state parks and recreation areas, a $5 day permit is needed, or an annual $25 permit is accepted.
Time and time again the Twin Cities are nominated as a top place to live and to be healthy. The Travel Channel has chosen the Twin Cities as the healthiest place to live in or travel to in the US.
Why were we chosen?
- We are in the Midwest where farming is big but unless you actually get the fresh produce, what good does it do you? The Twin Cities has farmer’s markets all over the place, from the big Minneapolis Farmer’s Market to the Mill City Farmer’s Market to local markets in the suburbs, to markets in store parking lots. Click here to find a Farmer’s Market near you!
- We have biking and walking trails that are used year round! We are the top biking city in the US according to Bicycling magazine and more people are biking to work during all seasons.
- Minnesota has golf courses galore. People are out on the links at all ages and as often as they can.
- We have playgrounds and parks in just about every neighborhood and the kids are actually out there using them.
- Activities are planned indoors and outdoors all year to keep us residents out and about in any weather.
We like to eat healthy and we play a lot. We get out and enjoy nature all year long and all that contributes to us staying healthy!
Posted in Activities, Facts, Food, Outdoor Recreation, Relocation, Seasons
Tagged biking, farmers markets, healthy, parks, recreation, Twin Cities
I found this fun infographic with facts about Minnesota at Maps of the World. Even for those of us that live here, you might find out something new.
Summer is winding down, and with Labor Day being early this year, it seems to be coming to an end sooner than usual.
The biggest sign that summer is almost over is the Minnesota State Fair which starts tomorrow and runs through Labor Day. It is always the twelve days before Labor Day. Every year they add some new foods, as well as new attractions. The normal adult admission is $12, but they do have numerous promotional days that may fit your needs. For all the information on the state fair, click here for their website.
The other end of the summer event is the Renaissance Festival which started last weekend and runs weekends and Labor Day through September 29th. If you have never been it is an experience. Each weekend also has a theme, so choose the weekend you think would be most fun! For all the information on this festival, click here.
There are lots of great facts and statistics about Minnesota out there, but I decided these twenty were quite interesting:
- Northwest Airlines, now Delta, was the first major airline to ban smoking on international flights
- Snowmobiles were invented in Roseau by Polaris
- The first BBB (Better Business Bureau) in the nation was founded in Minneapolis in 1912
- Minnesota has some 90,000 miles of shoreline which is more than Florida, California and Hawaii combined
- The MOA (Mall of America) is the size of 78 football fields (9.5 million sq ft)
- The Old Log Theater is the oldest continuously running theater in the USA
- The Lutefisk capital of the USA is Madison, MN
- Southdale in Edina was the first indoor shopping mall in the USA, opening in 1956
- Water skis were invented in Lake City in 1922 by Ralph Samuelson
- The Minneapolis Public Library was the first library in the country to have a children’s section which opened in 1889
- Rollerblades were invented in 1980 by Scott and Brennan Olson, two students trying to practice skating for hockey in the summer
- There is a boat for every one in six people in Minnesota, more than in any other state
- The first bus service in America started in Hibbing in 1914 with service to Alice, later becoming Greyhound Lines
- The Chanhassen Dinner Theater in Chanhassen is the largest dinner theater in the country
- The Minneapolis skyway system spans about five miles total
- The baking basic “bundt pan” was invented in Minnesota
- The twelve foot diameter, 17,400 pound ball of twine in Darwin is the world’s largest ball of twine
- The first pop up toaster was marketed in Minneapolis in 1926 and was called Toastmaster
- Tonka Trucks were created and are still manufactured in Minnetonka
- The famed Spam from Hormel comes out of Austin and was first sold in 1937
If you like art fairs, then this is your weekend. The weather will be wonderful and there are three great art fairs to hit right here in the Twin Cities – the Uptown Art Fair, the Loring Park Art Festival, and the Powderhorn Art Fair!
The 50th annual Uptown Art Fair starts today, August 2nd and runs through August 4th. This art fair is the second largest statewide event with around 375,000 people attending. Highlights of the Uptown Art Fair are the 340 talented artists from around the world with creations ranging from sculptures to painting to jewelry and much more. The fair has twenty vendors offering food and drinks. There is nonstop entertainment including live music and magic shows. This art fair is not just for adults, there are all sorts of family friendly things to see and do.
You can also take in the Loring Park Art Festival August 3rd and 4th. This festival features 140 artists with creations in painting, glass, jewelry, photography, pottery and more. There are 15-20 different vendors offering food and beverages and there will be a variety of entertainment offered each day.
The 22nd Powderhorn Art Fair runs August 3rd and 4th. This art fair features work from 184 regional and national artists with various disciplines. Proceeds from the Art Fair help fund park programs such as theatre arts, a computer lab, teen center, music recording studio, pottery studio and team sports. You can print a free Metro bus pass on art fair website.