Cooler weather cools down real estate. Did you know that this is the best time to buy a house?
Sellers are more motivated to sell because their property is likely the home that for whatever reason didn’t sell during the peak season. To heat or winterize a home are unfavorable expenses for a seller. Also, the seller is more likely to want to get the deal closed, especially for tax and insurance purposes. According to Forbes magazine, “for a lot of people, it’s mental. It’s the end of the year and they want to tie up loose ends. This is an advantage for buyers, especially if there are points to negotiate”.
There is less competition. Investors are always looking for new properties, homes that may not be listed or on the market yet. Getting outbid by an investor during a winter house hunt is very unlikely. Few fresh properties come on the market during colder months, so investors won’t be circling.
Buyer in cooler months gets more one on one attention since brokers are less likely to be juggling multiple clients.
Rates are still low, and banks are more likely to move faster on loans since spring and summer home buying frenzy is over.
In order to take advantage of this great investment opportunity, be sure to work with specialist who can help you take full advantage. A real estate agent, loan originator, real estate attorney and home inspector specializing in particular areas and property type (single family, condo, short sale or distressed) is a plus. More help will be revealed……..
