The Best Labor Day Sale for Home Buyers!

This Monday September 2, 2019 is Labor Day which marks the end of summer BBQs, boating season, white pants, and ushers us into the school year (even though most districts started mid-August). As the US Department of Labor says, Labor Day "constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country."* Labor Day was first recognized by the government in 1885, even though it was first celebrated 3 years earlier on Tuesday September 5, 1882 by the Central Labor Union. 2019 is the 125th anniversary of Labor Day being a national holiday.  A Monday off is the chance to relax, head out of town for a long weekend, catch up on projects around the house, or hit the Labor Day sales. Big banner ads are up for Labor Day car sales, mattress sales, TVs and tech sales. Labor Day is a huge sale weekend for retailers, but what about for the housing market?

Here are 3 reasons why you might want to start your home buying search this Labor Day weekend:

1. If the typical buyer looks for a house for 10 weeks before they find "The One" and have a 30 day escrow, then if you start Labor Day weekend, you could be moved in before Christmas!**

2. Mortgage interest rates are averaging 3.75 percent which is like a red tag sale for home buyers because lower interest rates mean lower monthly payments! **

3. Sellers who listed in the summer and haven't sold yet are motivated and inventory is still strong so you have lots of options! 

I've spoken with a few sellers who aren't sure about when to list their home. The first week of September versus the last week of September might not make a statistical difference in what you net: what does make a difference is the agent you hire and how he/she markets your property. At KALEO Real Estate Company, we use professional photography, drone video, email blasts, open houses, flyers, social media advertising, website promotions, and more to advertise your listing. Today's home buyers look for homes online and with our comprehensive online & digital marketing strategy your property will be in the Instagram and Facebook feeds of local buyers. 

How are you spending your Labor Day weekend? I am spending it with my family to catch up some R&R

Text, call, or email me this weekend especially if you are starting your home search on your day off! 

Source: Source: * https://www.dol.gov/general/laborday/history

** https://www.realtor.com/advice/buy/how-many-homes-will-it-take/

***Bank Rate 08-26-19