Opportunity Knocks! Our Real Estate Blog

Opportunity Knocks! Our Real Estate Blog

 

So you've saved up your down payment, rates are about as low as you think they'll go, and you're ready to start home shopping, but it's November – and your pals are telling you that you've missed the home buying window for the year.

Is that really true? In this installment of Buying Advice, we'll look at what buyers can expect from the housing market at the end of the year. What are the pros and cons of buying a home while most of the country is focused on buying and wrapping gifts?
Also, where should you turn when shopping for a mortgage? Is a broker a good choice? There is so much competition, shop around! We suggest using a local lender.
Holiday house hunting
Shopping for a home in November and December might be somewhat less than ideal, as there are fewer homes to choose from and not as many open houses to peruse in the season's cold, wet weather.
Find a new home in the perfect neighborhood:
But a couple of things are working to your advantage, says Bob McWilliams of Champion Realty in Annapolis, Md. There will be less competition for any house you do find and fall in love with, and less competition should translate into a bigger discount. Prices are typically at a 12-month low in December, according to Realtor.com.
"You don't have to be as aggressive with that initial first offer," McWilliams says.
Indeed, sellers willing to keep their house on the market in winter may be more flexible in negotiating the terms of an offer; extending the time to close or agreeing to other concessions.
The time is NOW, call us today! You can also search our realtor MLS for FREE. Click on either web link below and get your search started!

Troy & Denise Schroder
Real Estate Advocates
"We specialize in making dreams come true and helping people gain financial independence!"

Keller Williams Real Estate
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