Last year, I had a client who wanted to sell his house which needed work. The house had some good features: location, lot size, house size. The inside was not presentable. I advised my client to fix the problems because he’d be able to get top dollar for the house after a renovation. He hired a cheap contactor who was very slow. I explained that it was important to get it fixed FAST. Interest rates had already started to increase. He was losing the strong springtime market seasonality.
When the job was done and I was able to list the house, the market had changed. Interest rates were much higher. The house sold for less than it would have several months earlier. If the client had listened to me and hired a more expensive/reliable construction man, then the house would have been sold months earlier for more money than was ultimately achieved. You get what you pay for.
Official summer season ends Monday, September 7 on Labor Day. Many people return from vacations at this time. This marks the end of the summer doldrums in real estate. The Jewish holiday of Rosh Hashanah begins Friday night, Sept 11 and ends Sunday night, September 13. Yom Kippur begins Sunday night, September 20 and ends Monday night, Sept 21. No work permitted for the observant on either holiday. Call me. Love, Robin
