December gives you 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. Less Competition from Other Investors
Other investors often put off looking for properties because of holiday decorating, shopping, and parties. Plus, the cold weather makes them prefer to stay home; they wait for warm weather to buy real estate. Get the edge with little competition from other buyers.
2. More Motivated Sellers
Home sellers who didn’t sell during the high season are worried that their home will not sell. Any seller offering their home for sale during the holiday season is motivated.
3. Real Estate Agents Need Money to Pay for Holiday Gifts!
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 Will Go Up Next Year
Interest rates are undoubtedly going to go up next year. It’s a FACT!
5. Bank Sellers Need to Clear Out Inventory
Banks want to clear a certain number of REOs off their books by year end. Make offers that have a closing date by Dec 31st (chance are, you’ll end up closing in January because of inspection issues, but the Dec 31st deadline will get their attention!).
Make 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.
