Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that  “The time to buy is when there’s blood in the streets.”  I might take that same analogy and update it a bit to the NE in 2011 and say “The time to buy is when there is snow on the ground.”  Right now, February 2011, the market is fairly sluggish with opportunities sitting longer than they should and sellers reducing lower than they’d like.  Timing the market is never a good strategy, but making good “timed” decisions can be.  If you’re thinking of getting into the market in the spring, do so now.  Get a jump start on your competition, and take advantage of interest rates that have nowhere to go but up (eventually).  Remember, the time frame from start to finish is usually 4-6 months for motivated buyers so watch your time horizon carefully and put on your snow boots and let’s move forward!

If you’d like to speak about your particular situation, reach out to me directly. Brandon@BrandonGreen.com

P.S. Are you in the market for a Pyramid? I’d be willing to bet there are some seriously good properties headed to the market for dirt cheap in Egypt here shortly…  Iraq has seen triple digit real estate price increases from the fall of Saddam to today.  I’m just saying…

With 100+ degree heat baking the real estate market this month, and snow measured in feet only a few short months ago, I am frequently asked – does the weather impact the real estate market?  The short answer is yes.  The engine that drives the real estate market are buyers who physically are touring homes – many of which are only moderately motivated in today’s environment.  Therefore, weather conditions can definitely cause buyer traffic to change and therefore the sale can be pushed down the road.  My advice to my seller clients is to focus on what you can control – which is property condition, and price.  The weather will change eventually and the buyers will be back out looking at property so “chill” and you’ll see a change soon.  If you’re not sure about your particular situation, contact me and we’ll go through the particulars.  brandon@brandongreen.com or 202-318-1623.