June is an active month in the Bemidji housing market, with many people looking to buy and sell. If you're planning a move this month, here's what you need to know to ensure you're prepared.

 

If You’re Buying This June.

 

In Bemidji, many homebuyers, especially those with children, prefer to move between school years. This makes late spring into summer a popular time for home transactions. Whether this is your motivator or not, be aware that you'll face more competition from other buyers. However, there's a silver lining: more sellers list their homes during this period, giving you more options. According to Bankrate:

 

“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”

 

During this busy season, it's crucial to work with a trusted real estate agent. Your agent can help you stay on top of the latest listings, provide expertise on making strong offers in a competitive market, and give you insights into the actual value of homes so you can make informed decisions. Forbes advises:

 

“Approaching the market confidently, armed with good information and grounded expectations will take you far. Don't let the hustle of the market convince you to buy something that’s not in your budget, or not right for your lifestyle.”

 

If You’re Selling This June.

 

With more buyers active in the market, Bemidji sellers are in a strong position. Many buyers are motivated to move before the new school year, which often leads to strong offers. If your house shows well and is listed at market value, it could sell faster and potentially for a higher price. The National Association of Realtors (NAR) notes:

 

“Warmer weather and the end of the school year encourage more people to buy and sell, respectively. Buyers are looking to move and settle before the new school year begins, contributing to increased competition and, consequently, higher prices.”

 

Ensure you have a great agent to help you navigate contingencies and negotiations so you can choose the best offer. Discuss closing dates with your agent, as buyers might need to adjust based on their schedules. As U.S. News Real Estate explains:

 

“ . . . if your house goes under contract in early summer, the buyer may ask for a delay in closing or move-in until the school year finishes or their current home has sold. Alternatively, a buyer later in summer may be looking to close quickly and move in under a month. Remain flexible to keep the deal running smoothly, and your buyer may be willing to throw in concessions, like covering some of your closing costs or overlooking the old roof.”

 

Bottom Line

If you're looking to make a move in Bemidji this June, let's chat so you know what to expect. We'll develop a plan that considers current market conditions and meets your needs.

☎️ Steve: 218-766-9126

☎️ Tyler: 218-308-1230

☎️ Steph: 218-766-6214

☎️ Jolene: 218-556-0418