Of course you’d like to shave a couple of bucks off your new real estate interest – you want to make sure you get that home for the most reasonable and affordable price possible, to ensure you have plenty of money left over for improvements, modifications, furnishings, and all those litlte details of property acquisition… right? We, and other real estate investors have done some research which would suggest that the most critical part of getting a good deal on your home is the time you make the offer.
Forget about being charismatic, a good marketer, or whatever else you think is important in getting the home owning seller to accept your bid and focus on the timing. Almost all real estate professionals would suggest that offering in the absolute lowest part of the real estate market – the lower the temperature (yes, the temperature) the better the chance you have of getting your offer accepted. Many people seem to target their real estate searches for early spring, unfortunately, this is widely regarded as the peak of the real estate market: the most unlikely time for your lowball bid to be accepted.
Robert Irwin, the famous real estate author and investor has suggested that the period between Christmas and New Year’s Day would be the most appropriate time for you to make a lowball offer. Investors and other buyers are all on holidays, or have forgotten about their real estate investing for the time being while the sellers are still waiting on their homes to sell.pop over to this site:cash for house Seattle.
Many sources suggest this “seasonal phenomenon” is only truly noticeable in locations with large temperature fluxes throughout the years, suggesting that the colder the weather, the less people out looking for homes: for one reason or another. In Florida, or some of the warmer real estate markets, this temperature phenomenon is irrelevant, and will likely not be noticeable.
Irrelevant in that case, though is that final week of the year, between Christmas and New Year’s. If it’s not too long of a wait, you might want to wait until then for the submission of your offer.