Don't Put Your House Hunting On Hold For The Holidays
With 33% of Australians planning to buy property within the next two years
, it is safe to say that confidence is at an all-time high when it comes to buying a home.If you are one of the many people who plan on buying property soon, you might have the instinct to wait out the holiday season before shopping in earnest. The fact is, though, that the holidays are actually an excellent time for buying property Brisbane for many key reasons; check them out below.
More Options - During the holiday season, especially around December and early January the property market slows down and offers on properties decrease dramatically leaving a wide playing field for you to have fun in. Compared with most other times of year, you will have many more options when it comes to property Brisbane. In turn, you will be much more likely to find precisely what you want and will be much less likely to have to settle for something that falls short of your expectations.
Sellers Need Cash - Let's face it: Many of us overextend ourselves over the holidays. People selling are no different. many people overspend their budgets and find it hard to make ends meet and getting rid of their mortgage is the only thing they can think of.
As a buyer, this works to your advantage since you will have a much easier time negotiating for the home that you want. The need to free up some cash is a top motivator, and you should keep that in mind when shopping for a new home.
Starting Off The New Year Right - People who've had homes on the market for some time often view the dawning of the New Year as a major milestone. The thought of watching their house sit on the market into the New Year is not a savory one, so they will be much more eager about finally selling it and could be more amenable to negotiating much lower prices - something that can work in your favor, of course.
Desperation Kicks In - In a similar vein, the sense that the old year has passed can make prompt sellers to become that much more motivated about making a deal. Since you'll be expressing interest during a slower time of year, too, your offer will stand out and will remind the sellers that a New Year is nearly upon them. In the end, you can get the house that you want for a much better deal.
Better Pricing For You - One of the key factors of pricing in the real estate market is that prices increase as demand increases. Since demand typically slows down over the holidays, prices tend to remain stable or even drop. This is a great time for bargain hunters if you are willing to stand your ground and bargain hard. You could save a lot of money on the purchase price.
Copyright (c) 2010 Michael Atma
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