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Updated over 8 years ago on . Most recent reply

just curious before I try and buy my first property.
I have not purchased a property yet but am looking to do so hopefully in the next couple weeks, I want to try and look for a property to rehab but as summer comes to an end i was just wondering if it becomes harder to sell the property during the winter? Would I be better off waiting til spring so i would not have to worry about holding cost? oh and I live in the south suburbs of Chicago if it makes a difference.
thanks for your time.
Most Popular Reply

Welcome to BP @Nick LePore !
There is lots of good info here, so soak it up.
To answer your question, the market has been strong this year in Chicagoland. Sometimes there is a slow down in winter but earlier this year Chicagoland as a whole saw # of transactions climb each month From Jan-July where we saw a summer slow down. Between July 2015 and and Feb 2016 Homewood saw between 340 and 353 closed sales per month. Pretty steady.
Homewood as a whole has slowed from that pace a bit, but I still see well marketed homes that are priced right move quickly. All that being said I would plan for a little extra holding costs and a little longer time on market to be safe.
Hope that helps!