As the Thanksgiving and Christmas holiday season and even into the first few months of the new year, conventional wisdom and opinion is that the real estate market slows down to a crawl and that this is not a good time to buy or a sell. In all my years of real estate experience both traditional and auction method, I have witnessed this slowdown first-hand from mid-November until mid to late February (or longer). Let’s take a closer look at this phenomenon and why you should or shouldn’t make a real estate move during this time.
T. Kyle Swicegood, CCIM, with The Swicegood Group, today Inc. announced the transfer of 200 acres located on Hwy 158 behind the new County Office Building. Wells Fargo, Trustee chose Swicegood to represent the bank and beneficiaries. Swicegood said “it’s exciting to be a part of a real estate transfer that is on one of the most significant assets not only in Davie County but central North Carolina.” Located along Highway 158 and known by many as the “Hanes property”, it contains approximately 200 acres and covers approximately 4500 feet of highway frontage and approximately 1200 feet of I-40 frontage. He continued, “This property has been on the growth map for 30 years, in fact, Davie County’s Comprehensive Growth Plan adopted in December of 2019 identified this property as future industrial. This purchase is probably one of the biggest commercial/industrial announcements in years. The sum of this transaction will mean jobs to our county.” Swicegood said
It was the year that I was born in 1967, that my father earned his North Carolina real estate license. I remember getting of the bus on Salisbury Street in Mocksville at Swicegood Real Estate. Mom was the “secretary” aka office manager, and I remember Dad having this huge desk with a leather chair. In my mind, I thought “I want to have one of these someday”.
This is a question I routinely get from Buyers who are inquiring about real estate that I am selling using the Auction method. They are often of the mindset that the property is being sold at Auction because the property is distressed or because it can’t be sold conventionally due to some sort of problem. After speaking with them for a while, I am almost always able to change their mindset and understanding of the Auction method of selling and they understand why the Auction process can be the BEST way to sell real estate.
If there is one thing that most Americans have in common, it is the Star Wars movies. The arrival of Shows such as THE MANDOLORIAN and THE CLONE WARS proves that power of Star Wars nostalgia is still running strong. As a 90’s kid, I grew up with Star Wars! My mother introduced me to the amazing characters that George Lucas created in 1977 and very quickly I was running to the toy store begging for Star Wars toys. I can remember fondly my Grandfather, Milton Sharp giving me an Imperial Walker for Christmas! My screams of delight were echoing through the hallways as I reenacted the battle of Hoth and my parent's living room was transformed into the snowy tundra of the battlefield!
How many of you can remember in 1977 anxiously awaiting the opening of the very first Star Wars movie? I know in our household it was all we could talk about from us in anticipation. I can remember loading up in the family station wagon and heading out to the theater near us hope and praying I can get a box of popcorn and maybe even a Coke.