December and New Year's Day provide you the right occasion to buy real estate. Not only can you pick up a bargain property from a motivated seller, you can save on your buying expenses too.
1. Home buyers remove looking for a home due to holiday decorating, shopping, and parties. And the cold weather enables home buyers to desire to stay home; they pause for warm weather to buy real estate. Get the advantage with little competition from other buyers.
2. Home sellers who did not sell during the new buying frenzy are bothered that their home won’t sell. Any seller offering their home for sale during the holiday season is motivated.
3. Real estate agents need to keep their drive high and can't afford to take much time off. When the agents aren't as busy, you get superior service. And they're more likely to take low offers very serious. Agents love investors ready to buy real estate during December period.
4. Interest rates continue to creep up. Who knows what the rates will rise to next year?
5. Lenders threaten to tighten up qualifications next year. Last summer, loan officers were able to get through almost any loan. Today is your best shot to buy a house and get a good rate with the easiest qualifications.
6. Appraisers need work. Many people became real estate appraisers when there was much work. It used to take between a week and more to schedule an appraisal. We just ordered an appraisal and the appraiser wanted to come out the same afternoon! Also, appraisal commission cost less today than last month.
Clear some time from your busy holiday schedule and go find a bargain house. Make many offers. You won't get this break for another year.