Can I Get A Better Deal? By Dan.

By
Real Estate Agent with Keller Williams Realty DTC

Happy Thanksgiving Everyone! I hope you are having a wonderful Holiday weekend.

Some buyers were thinking about purchasing a home and wanted to know if they should buy and close in December or in January. Basically, they wanted to know if they would get a better deal if they closed before the end of the year. I said yes, they very well could get a better deal if they closed before the end of the year and here’s why:

•  If you’re looking at a bank-owned property or a builder, they would love to get as much inventory off of their books before the end of the year as possible. This is probably the best time of year to do some deal making.

•  Private sellers that have their home on the market during the Holidays need to sell and are very motivated. They may be even more motivated to get out of that situation before the end of the year so they can move on with their life and start the New Year off right.

•  Sellers also understand that there are not a lot of people who are out looking at homes in December. So if they get a buyer looking at their home, sellers know that they are a “real” buyer and not a looky loo.  As a result, the seller doesn’t want that one lone buyer to go away and is ultra-motivated to negotiate.

•  There is not a lot of competition in December for homes, again due to the decrease in buyers in the marketplace. That means more choices for buyers that look to close before the end of the year and less competition for the premium properties. Its Murphy’s Law that just when you get interested in a property and are ready to make offer, a second or sometimes even a third offer comes in. There is far less of a chance of this happening in December.

I always enjoyed looking at homes during the Holidays. I enjoy seeing the ways people decorate their homes and how they celebrate. It really is a great time of the year to buy a home and one of the best times to get a great deal.

Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost

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Re-Bloggged 6 times:

Re-Blogged By Re-Blogged At
  1. Dawn Crawley 11/22/2010 08:45 AM
  2. Dub Walters 11/22/2010 09:16 AM
  3. Jon Quist 11/23/2010 11:42 AM
  4. Gene Riemenschneider 11/23/2010 12:57 PM
  5. Sandy McAlpine 11/23/2010 01:18 PM
  6. Debbe Perry 11/23/2010 04:12 PM
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Topic:
ActiveRain Community
Location:
Colorado Denver County Denver
Groups:
Metrolist®
Tags:
marketplace
holidays
thanksgiving
private sellers
the market
home sellers
builder
home buying
home purchase
fuller sothebys
dan polimino

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Rainer
52,151
Manny Gonzalez
Negotiable Realty LLC

November 24, 2010 12:24 AM
Rainmaker
749,991
Marte Cliff
your real estate writer
Marte Cliff Copywriting

I have known so many agents who just go home and don't try between Thanksgiving and New Year's - maybe that's why so many think it's a "dead time."

Christmas vacation is a prime time for people with kids who have to move to a new community to be looking... I guess they forget that part.

November 24, 2010 02:22 AM
Rainmaker
192,046
Tom Waite
So Cal-Apartment Bldg Investments
Thomas Waite Real Estate Broker

I agree Daniel:

 

Happy Thanksgiving and Merry Christmas.

 

This IS the best time of the year to buy a home.

November 24, 2010 10:23 AM
Rainer
8,519
Cory Kraai

Touche!  Happy Holidays to you! 

Although this time of year is slow going here in Michigan, it is one of my favorite times to show homes and put some good deals together. 

You said it right: "I always enjoyed looking at homes during the Holidays. I enjoy seeing the ways people decorate their homes and how they celebrate. It really is a great time of the year to buy a home and one of the best times to get a great deal."

 

 

November 24, 2010 10:46 AM
Rainmaker
260,268
Wayne B. Pruner
Tigard Oregon Homes for Sale, Realtor, GRI
Oregon First

This is good stuff Daniel. There are not many Buyers looking now, but the ones who are, are motivated.

November 28, 2010 11:50 PM
Anonymous
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Rainmaker
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Colorado Dream House Team

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