Its about that time of the year, bargain shoppers! Get your holiday wish lists ready for one of the best days for deal busters: BLACK FRIDAY! What some aspiring home buyers don’t know, is that there’s a “Black Friday of real estate” (and when you’d least expect it too!) Those chilly winter months, when most people hibernate, are actually the best time to shop for deals on homes. Winter is quickly approaching, rates are still low, but value and demand are increasing, making it difficult for people to decipher when the right time to buy actually is.
So, why might winter be a good time to buy?
Cost 💰: Prices are reduced from their peak summer highs.
Incentive 💪: Sellers are more motivated to sell before the year ends and will be more likely to negotiate on price and/or any needed. repairs.
Competition 👊: Fewer buyers at this time to battle with will keep prices low.
Time ⌛: Agents, lenders and appraisers are less busy, so the time period from making an offer to closing should go quickly.
What can you do to take advantage of the “Black Friday of Real Estate?”
1. Find a real estate agent who is familiar with your desired location.
2. Search for homes in your desired location. Sign up for notifications when price drops occur, so you can be the first to know!
3. Educate yourself on various loan products, including down payment assistance programs.
4. Contact PHMC for a pre-approval. When you find the perfect home, you can act fast!
Click each button below to get started! 👇