Buy A Home This Winter
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Buy A Home This Winter
The latest question we have 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?" It's a good question, and my business partner and I have compiled the top 25 reasons, and we narrowed our list to the nine most compelling reasons for real estate home buyers should invest in a home this winter. 1.) Home prices are lower now then they will be later in spring. What are the reasons a homeowner should purchase a house now instead of waiting this spring? A home purchase now can help the buyer save money. There are fewer buyers in the market than this past spring or summer. There are more buyers looking for homes during the warmer times throughout the entire year. Serious home sellers will have more pressure to sell when home sales slow. Sellers with a good reputation will be selling their houses at an under-market price or lower the prices on their properties to draw buyers. With lower costs, buyers instantly save money. The last week I was working with a client who had narrowed their choices down to just two homes. After looking over comparisons, we saw that both homes were priced below market value by between $10,000 and $15,000. We decided to make an offer of $30,000 under list price on the first choice. The seller was really mad. We decided to take a look at the number two choice home we buy any house once more and put an offer on. We made the same decision. We made an offerof at a discount of $30,000 from the listing price. The seller countered by offering $15,000 less than the price listed and we countered at $20,000. At the time of the appraisal, the appraiser estimated that we paid at $35,000 below value for an impeccable home that was listed for sale at $190,000. Do you think the purchaser is satisfied? 2.) Home sellers are more emotional With many homeowners suffering from massive financial debt, their only way out is to sell their house. Anyone who has experienced the endless calls from creditors knows what actions one should do to end these calls. Find a seller that can easily solve their problems by selling their home and it is likely that you will get an excellent deal. After showing 20 homes this weekend, I received 8 telephone calls from desperate sellers who said they wanted to sell their home now and take a look at every offers. Three sellers told me they were in extreme debt to settle. I'll be keeping these homes in mind for potential buyers who wish to catch some good deals. 3.) It is gaining interest in the web Many companies have their relocations planned for right after the first of the year. Therefore, many employees moving the time between Christmas and New Year to plan their exploratory trips and browsing the web. By having your home available for sale and accessible on the internet immediately, buyers will have the time to visit your property as they feel more relaxed and can enjoy the moment. The past two years the visits to our site have doubled from mid-December until the end of January. 4) Home sellers may be better off selling today According to CPA's as well as financial planners we work with the majority of home sellers would be much better off selling their house now for more tax benefits. If you find a seller that would gain a substantial tax break and might be more willing to negotiate for a quick sale. 5) Purchase now and then move to the new location after the holidays Experience tells us that sophisticated home buyers know that they can purchase a home right now for a reasonable price , and then relocate after the holidays. Take advantage of a fantastic deal today and then relocate when there is a slowdown in the market. Home buyers who buy new homes today can take advantage of the closing specials and move when the home is built next spring. The buyer has the control of the market today, which is a buyers market. If the terms of the contract aren't reached the buyer has the option to switch to a different home. 6) Capture a lower interest rate At present, we are enjoying low-interest rates. Our experience has shown us that interest rates start to rise up by the end of January. A sophisticated home buyer is looking to profit from the lower interest rates by locking in on the low rates while they're low. Some lenders have locks and shop programs. Get a lower cost of interest now and search for during the following months' free to purchase their dream home. 7) Find guidance and assistance When it is the holiday season, it is more likely that friends and family members will visit during your home shopping visits. The more help you get, particularly if are a new homeowner, from those who know you the more likely you'll make fewer mistakes. For first-time home buyers, they may find it difficult to ask the right questions. If you have friends or family members nearby who is knowledgeable of the questions to ask or knows your wants this process is much easier. 8) Building homes is facing pressures In winter, the amount of homes that are sold for new construction decreases. One realtor for new homes said that sales have dropped to a quarter of what they had been this summer. Since builders are spending more on building and the cost of borrowing funds increasing, builders are more likely to negotiate the purchase of their newly built homes right now. Most builders haven't bargained on price the past 4 years. Today, I received 3 flyers from agents selling new homes offering price reductions on their inventory. 9) Lower payment We get notified on a weekly basis of new and improved loan programs that will reduce the monthly amount the home buyer will pay to the mortgage company. It is time for lenders to find better loan programs for home buyers right now. If you had waited until this spring to speak to the lender, they'll likely be talking to the loan officer that is new to them. He has little time to work with you and has no experience to help you find the best program for you. One home buyer who we helped save $234 per month through finding a better loan program. What you could you do with an extra $234 per month?

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