December and New Year's Day give home buyers and real estate
investors the perfect occasion to buy real estate. Not only can
you pick up a bargain property from a motivated seller, you can
save on your purchase expenses.
1. Home shoppers put off looking for a home because of holiday
decorating, shopping, and parties. Plus, the cold weather makes
home buyers prefer to stay home; they prefer to wait for warm
weather to buy real estate. Get the edge with little competition
from other buyers.
2. Home sellers who didn't sell during the recent buying frenzy
are worried that their home will never sell. Any seller offering
their home for sale during the holiday season is motivated. If
you have your financing in place and can close quickly, you can
often pick up a great deal.
3. Real estate agents need to keep their momentum going and
can't afford to take too much time off. When the agents aren't
as busy, you get better service. Plus, they're more likely to
take low offers seriously. Agents love investors ready to buy
real estate during December.
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 real estate and get a great rate
with the easiest qualifications.
6. Appraisers need work. Too many individuals became real estate
appraisers when there was too much work. It used to take a week
or more to schedule an appraisal. We just ordered an appraisal
and the appraiser wanted to come out the same afternoon! Also,
appraisal fees 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.
Copyright © Jeanette J. Fisher
About the author:
Jeanette
Fisher teaches real estate investors the five steps to buy
real estate and turn fixers into dollhouses. Free ebook
"Flipping Houses"at
http://www.doghousetodo
llhouse.com
