Buy A Home This Winter
Buy A Home This Winter
The most recent question we've been asked several times from buyers looking to buy a home are "We want to wait until next spring to buy a home, why should we buy a home this winter?" This is a very good question, and my business team and I have created more than 25 reasons, and we narrowed our list to the nine most compelling reasons for real estate home buyers should purchase a home this winter. 1.) Home prices are lower than they will be next spring. What are the reasons a homeowner should buy a home now versus the spring of this year? Buying a home now will save the buyer money. There are fewer buyers than there were the summer or spring of this year. There are more buyers looking for homes in the warmer times in the season. Sellers with a good reputation will be under more pressure to sell when homes sales are slower. Sellers with a good reputation will list their properties below market or lowering the list prices of their homes to attract buyers. With lower prices, buyers will instantly save. Last week I was working with a prospective buyer who narrowed we buy any house their options down to two houses. After looking over comparisons, we noticed that both homes were priced lower than market by between $10,000 and $15,000. We made an offer of $30,000 under list price on our number one choice. The seller was very angry. We decided to take a look at the second choice house for a second time and then make an offer. We made the same decision. We made an offer, at a discount of $30,000 from the listing price. The seller countered with $15,000 less than the price listed and we countered at $20,000. In the appraisal today, the appraiser stated that we paid at a price of $35,000 less than the value of a beautiful home valued at $190,000. Is it possible that the buyer is happy? 2.) Home sellers are more emotional With many home sellers experiencing huge financial burdens their only option is to sell their house. Anyone who has dealt with endless calls from creditors will know the steps to do to end these calls. Find a seller who can quickly solve their issues by selling their home , and you'll probably get a good deal. After exhibiting 20 homes this weekend, I was contacted by 8 phone calls from desperate sellers who said they wanted to sell their homes now and look at almost every offers. Three sellers told me they were in extreme debt to payoff. I'll keep this home in mind for buyers in the future who would like to catch some good deals. 3) It is gaining interest online Many businesses have their relocations planned for right following the first day of the year, so the majority of employees moving out will make use of the holiday season to plan exploratory visits and search the internet. With your home listed on the market and internet in the near future, buyers will be able to visit your property at a time when they're more relaxed and will have time to do so. In the past two years, the hits on our website have doubled from mid-December until the end of January. 4) Some home sellers will do better selling their homes now According to CPA's as well as financial planners with whom we work, many home sellers are much better off selling now to get more tax benefits. You can identify a seller who will benefit from a huge tax break and might be more negotiable to be able to sell their home quickly. 5) Purchase now and then move to the new location after the holidays Experience has taught us that sophisticated home buyers understand that they can make a purchase right now for a low cost and move later following the holiday season. Find a bargain now and then move in the event that there is a slowdown in the market. Buyers who purchase new homes right now can benefit from the end of the year specials and move when the home is completed this next spring. The buyer is the one who controls of the market today, which is a buyers market. If agreeable terms are not reached, the buyer can always move to the next house. 6.) Capture an interest rate that is lower At present, we are having low rate of interest. Experience tells us that interest rates start to rise towards the end of January. A savvy homebuyer wants to take advantage of the lower interest rates by locking in on the low rates while they are still low. Some lenders have lock and shop programs. Lock in on a low cost of interest now and search for the next few months' stress free to purchase their dream home. 7) Get help and guidance During the holiday season it is more likely for friends and family can visit on your shopping trips to the home. The more help you receive, particularly if you are a first time homebuyer, from people who know you, the more likely you'll make fewer mistakes. People who are new to buying a home often have a difficult time asking the most pertinent questions. By having friends or family members nearby who is knowledgeable of the questions to ask or knows your needs it can make the process more straightforward. 8) Builders of homes are experiencing pressures In winter, the amount of new homes sold is lower. One new home agent reported that his sales are about a quarter of what they had been this summer. With the cost of building for builders and the cost to borrow money increasing, builder are more likely to negotiate the purchase of their newly built houses right now. Typically, builders haven't negotiated on price over the last 4 years. Today, I received 3 flyers from agents for new homes offering price reductions on their inventory. 9) Lower payments We get notified every week about new and improved loan programs that can reduce the monthly amount that the homeowner pays towards the lender. They have the opportunity to find better loan programs to help home buyers today. If a buyer of a home was waiting until the spring of this year to contact a lender and they will most likely talk to a new loan officer who is unable to spend time with you and has no experience to find the best program for you. One home buyer who we helped save $234 per month through choosing a loan program that was better. What would you do with $ 234 every month?

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