Myth: slow winters
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Myth: slow winters (by BRAD 20,000 [IN]) Jan 8, 2019 2:07 PM
       Myth: slow winters (by CX [WA]) Jan 8, 2019 3:02 PM
       Myth: slow winters (by S i d [MO]) Jan 8, 2019 4:41 PM
       Myth: slow winters (by BRAD 20,000 [IN]) Jan 8, 2019 6:26 PM
       Myth: slow winters (by Stephen [ON]) Jan 8, 2019 8:00 PM
       Myth: slow winters (by Ray-N-Pa [PA]) Jan 9, 2019 7:06 AM
       Myth: slow winters (by Ray-N-Pa [PA]) Jan 9, 2019 7:06 AM
       Myth: slow winters (by Chris [CT]) Jan 9, 2019 1:36 PM
       Myth: slow winters (by BRAD 20,000 [IN]) Jan 10, 2019 10:38 AM
       Myth: slow winters (by Small potatoes [NY]) Jan 10, 2019 9:29 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Myth: slow winters (by BRAD 20,000 [IN]) Posted on: Jan 8, 2019 2:07 PM
Message:

Just read an article about busting the seasonal housing myth. It made some great points I’ll paraphrase...

-winter shoppers are usually serious, ready to make decisions

-lots of jobs or transfers start Jan 1, or they start hiring in Jan into Feb

-prospects can shop for housing from the comfort of home via the internet. They might not be out but they ARE looking.

My observations:

-electronic filing gets tax refund checks to folks in Feb, used to be March or April. We have folks shopping our houses in Jan anticipating a $6000 child credit check for 2 kids.

-realtors go on vacation in Dec. With fewer realtors in town there is less action, which reflects on the sales charts, which could be why people think of a seasonal slump.

Locally, MY city is still strong selling houses.

We average a new lease each week. We signed 4 in Dec and 2 in the first 7 days of Jan. (Today is only Jan 8 so Jan is still young!)

“Nevah, nevah, nevah, nevah, nevah give up!” - Winston Churchill.

BRAD --73.102.xxx.xxx




Myth: slow winters (by CX [WA]) Posted on: Jan 8, 2019 3:02 PM
Message:

Yes I will agree somewhat to the seasonal slump myth as being not totally true, but also realize that people are not so motivated to move during the (rainy) (freezing) (stormy) (icy) (dark) season.

Seems like things do pick up after the new year. Holidays are over, tax returns coming, job transfers (as you mention), etc. --174.21.xxx.xxx




Myth: slow winters (by S i d [MO]) Posted on: Jan 8, 2019 4:41 PM
Message:

Just got an application in this morning! --173.20.xxx.xxx




Myth: slow winters (by BRAD 20,000 [IN]) Posted on: Jan 8, 2019 6:26 PM
Message:

Comparing thoughts with Wifey. She reminded me every year we say we’ll shut down over Christmas break and clean the office, clean out files, clean out storage garages...

Never happens because we stay busy with apps and new leases, just like any other month.

BRAD --73.102.xxx.xxx




Myth: slow winters (by Stephen [ON]) Posted on: Jan 8, 2019 8:00 PM
Message:

I have to agree Brad, I bought most of my units in December an January, when the sales market cools and prices are better. I was always able to find a tenant. People are usually pretty decisive at this time of year, if they are looking they really have to move and they are looking to make things happen. I have had places lease to the first person who looked at them in January. Good tenants too. --64.231.xxx.xxx




Myth: slow winters (by Ray-N-Pa [PA]) Posted on: Jan 9, 2019 7:06 AM
Message:

Where housing sales market is booming here, Warren is expecting 10-16 inches of lake effect snow between today and tomorrow at noon.

If someone wants to move today, I am looking at them like they are crazy - because well they are.

To Piggy back on Brads input, MLS activity slows between Thanksgiving and Christmas but spikes upward the first two weeks of the year as people are planning ahead.

I was told that there was a change of some sorta about the child tax credit that is going to go into affect this year as part of the tax reform package last year. I am not sure what exactly that change is but since I have a noon meeting with my CPA, it is a good reminder to ask him --72.23.xxx.xx




Myth: slow winters (by Ray-N-Pa [PA]) Posted on: Jan 9, 2019 7:06 AM
Message:

Where housing sales market is booming here, Warren is expecting 10-16 inches of lake effect snow between today and tomorrow at noon.

If someone wants to move today, I am looking at them like they are crazy - because well they are.

To Piggy back on Brads input, MLS activity slows between Thanksgiving and Christmas but spikes upward the first two weeks of the year as people are planning ahead.

I was told that there was a change of some sorta about the child tax credit that is going to go into affect this year as part of the tax reform package last year. I am not sure what exactly that change is but since I have a noon meeting with my CPA, it is a good reminder to ask him --72.23.xxx.xx




Myth: slow winters (by Chris [CT]) Posted on: Jan 9, 2019 1:36 PM
Message:

I have sold 2 spec houses in the last 30 days. People complain about winter and the holidays but I have scored some of my best deals and sold/rented a bunch of things during the holidays.

IDK I think Brad is right its a myth. --24.187.xxx.xx




Myth: slow winters (by BRAD 20,000 [IN]) Posted on: Jan 10, 2019 10:38 AM
Message:

Just rented another 2!! That's 4 by Jan 9! Or 8 in the past 6 weeks over Christmas and New Year, compared to an average of one per week would be 6.

BRAD --73.102.xxx.xxx




Myth: slow winters (by Small potatoes [NY]) Posted on: Jan 10, 2019 9:29 PM
Message:

Slow by me plus the quality of renter is declining. No one has minimum income and I consider all sources.

Other problem is unit gets buried in Zillow the longer its listed. --66.87.xxx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Myth: slow winters
Your Name:
Your State:

Message:
Myth: slow winters
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: