Is Christmas a good time to buy a property investment ? this is a question we are asked every year.
The simple answer is yes, the Christmas season is one of the best times of the year to purchase an investment property, you are probably wondering why ?
When we think of Christina we think of down time, spending time with loved ones and enjoying good company and food, looking at investment property is probably the last thing on your mind but it shouldn’t be.
The Christmas season is one of the best times of the year to look at investment properties because you have a number of different factors that come into play at the this time of the year.
First of all you to tend to see the prices of some properties being lowered at the end of December as Sellers try to warp up outstanding business before the commencement of a new year. If the property has been sitting for a few months Sellers are more open to bids in a time considered slow in real estate. From the Buyers point of view this means prices in general are below market value at this time of year so you could snap up a bargain if you are on the look out.
Also at this time of year you find less competition in the market, with agents taking a break and the market slowing down until well into the New Year you have more breathing space. Many people feel it is the wrong time of the year to be considering a property purchase, so there are less offers on the table, that means your investment property will not be taken away from you because of a higher offer. You have more time to ponder and consider the different options available to you and can even try making a lower offer. Sellers are likely looking for a quick settlement if their house is on the market over the holidays, there is also a good chance you could secure a quick settlement on the property and get things wrapped up quickly.
Another plus is you get the see how the house is performing during the peak of winter, if you are buying a house in the summertime it might take several months to see if there are any insulation issues, heating or roof leaks as normally it will be much hotter and dryer in the summertime .Getting an inspection done with heavy rain or snow is ideal to really test out the property.
As we reach the end of the year many Sellers are getting ready to put their properties on the market in early spring as this time of the year tends to be busy as people have made plans for the new year. What you also find is that some Seller want to get a head start and will list their property during the holiday season, by the time the market opens back up again you could have missed your perfect investment property.
The great thing about the holiday season is that most people have more time on their hands, you have the chance to do your research at a slower pace, study the market in more detail and make an offer at a more relaxed place, consider your offer and plan out your management and other things needed for a successful investment property.
Another plus buying a property at the peak of the winter is getting tenants placed quickly in the new year, in January you tend to see a lot of movement in the tenant market as people take on new jobs , start back at college or simply want to move to another City or State to fulfil their new year plans.
Of course, this can be a lot of work at a time of year when you just want to kick back and relax but then again it is a time of year where you could bag the perfect investment property at the perfect price.
If you are ready to invest in the USA housing market, or wish for a call and more information on the latest properties Global Investments can offer then please email us today at
invest@globalinvestmentsincorporated.
