f you are out looking for first reasonable offer that comes
a new house, chances are along.
you want to get it for the
best price possible, right? And, get this. The best time in
Right. So how do you know what the winter to buy a house is the
the right time is to buy a house? week between Christmas and New
Here are a few things to keep in Year’s. The reason for that is
mind as you are shopping and agents have forgotten about the
looking to put in an offer. properties that are still waiting
to sell. They don’t expect a lot
First, think about the time of to happen during that week, and
year you are out looking. It is are excited when something does.
generally accepted among the real
estate community that the colder This usually only happens in
it is outside, the more likely areas of the country that have
you are to get your bid accepted. distinct seasons and have varied
Why? temperatures throughout the year.
For example, in climates that
Because there are fewer people stay warm all year, like
looking to buy a house the later California, or where it is cold
it gets in the year. Why? Well, all year, like Alaska, you will
who wants to move in the middle be less likely to see this type
of rain, snow, sleet and wind? of trend.
Not the ideal moving conditions.
And because there are fewer Of course, another way to get the
people that want to move during best price is to watch a certain
that time of year, the fewer property to see how much activity
offers there will be on a given there has been on it. Also, you
property. The fewer offers, the can do research to see how long
more apt the owner is to take the the current owner has had the
home. This may give you some for a loan. That is because
insight as to how motivated they sellers are more motivated.
are. Have they changed realtors
more than once to try to get the As an example, take an owner that
house sold? is asking $100,000 may take
$89,000 for it. With taking so
Wait until the market slows to much less for the house, lower
make the jump into buying the credit scores will be able to get
home. The slower the market, the a loan for the lesser amount.
fewer offers. The fewer offers,
the more likely the seller is to So, keep in mind, when you are
take the offer. They may be so looking at houses, that timing is
happy to have an offer that they everything. For some, timing is
may take it as long as it is the changing season, for others
reasonable. it is the market as a whole. Be
sure to watch the trends and pick
Also, with a slowing market, out the best time for you and
people with less than perfect your situation.
credit will be able to qualify
About the Author:
Tim Mai is the founder of Community Real Estate Investors Association, a network of real estate investors who advertise "Sell your house quick" across the nation. Visit our website at http://www.sellmyhomeforcash.com to"Article Source: www.iSnare.com
