Real Estate Study: Tomorrow is the Day to Buy a Home and Save $30K; Brokerage Declares Tomorrow, January 19th the Best Day to Buy of The Year
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 01/18/16 -- If you''re on the hunt for your dream home, research shows that January 19th could be your lucky day. As we continue to see year-over-year record smashing increases in real estate pricing, research shows that the tables get turned in January, turning briefly from a seller''s market to a buyer''s market.
Just Over One Week and Counting!
Toronto Brokerage TheRedPin.com crunched the numbers and determined that buyers looking to buy the right home at the best price of the year are most likely to succeed early in the new year, with January 19 reigning as the day to deal on real estate purchases.
"The numbers once again show that January is by far the cheapest month to buy, and the gap keeps widening," said Rokham Fard, Co-Founder and CMO of TheRedPin.com. "The largest month to month price increase occurs between January and February, with average costs increasing $31,166(i) from the first to second month of the year. Is waiting a couple of weeks worth over $30,000?"
While inventory tends to be lower in January, so too are prices and competition. Traditionally prospective buyers play it safe and wait for the spring real estate blitz to make a move. But according to Fard, brave buyers willing to face winter weather are rewarded with better prices and can likely avoid bidding wars.
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TheRedPin.com''s research points to a number of strong reasons for buying on January 19th:
(i) TheRedPin reviewed over 530,000 home sales across the GTA from 2010-2015, with December, 2015 data assuming a conservative 4% year-over-year price gain.
About TheRedPin:
TheRedPin connects people, data and technology. Our platform carries the largest database of active residential listings in the Greater Toronto Area, with plans to expand nationally. We are a challenger brand, with a unique business model that streamlines the real estate journey, and provides exceptional end-to-end services and benefits, not found at other traditional brokerages.
Founded in 2010, four friends recognized that the real estate industry might be the only sector not influenced by technology. The four saw this as an opportunity to reinvent the way people bought and sold properties, more specifically the way homes were searched. Today, TheRedPin is much more than that.
We are a tech startup that doesn''t answer to the industry, we answer to our clients and ourselves.
Contacts:
Samantha Goldsilver
Herscu & Goldsilver
(647) 668-8140
Patrick McCaully
Pointman! PR
(416) 855-9427 x-301
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Datum: 18.01.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 1409439
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