Buying and selling a home during the off season
(BPT) - While cold weather causes many people to stay snug and cozy indoors, it provides a great opportunity for home buyers to get out and find their dream home. Fall and winter are typically considered the off season in the housing market, but actually buyers can potentially find better deals and sellers may find the most serious buyer. To take advantage of the benefits of off-season real estate, consider these important areas of advice.
Use strategic elements of the season
The off season is a great time to buy because you’ll have less competition with other buyers and a reduced chance of getting in a bidding war that drives up a home’s price, something that still occurs frequently. When you’re not fighting with other bidders, you can make a sound decision and have a better chance of getting the seller to pitch in on concessions, such as closing costs or funds for improvements like appliance upgrades.
Prepare yourself from the start
Today’s unique real estate market can be confusing for even the most savvy folks. That’s why it’s important to work with a real estate agent who can answer all your questions. Not all real estate agents have the same training and experience, so find one who has the background necessary to navigate complex situations.
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