A lot of people put their homes on the market after the first of the year. In addition, there are very few people looking to buy a home in the winter months.
This is because most of the people transferring for a job have already bought a home. Their companies want them to have purchased by the end of the year so they can write it off on the corporate tax bill.
The remaining buyers are usually waiting until Spring to go house hunting again. This gives you 2-3 months of prime negotiating time.
It is more than likely that you will be the only offers most sellers will see until Spring. But, guess what happens in Spring?
All of the other buyers start looking at homes and making offers. Those home sellers now have other options. Your offer isn’t the only one they have on the table.
As a result, the seller might pass on an offer that they would have accepted in winter months. So, if you are looking for a home, get out there and start looking. Don’t let the cold stop you from finding a great deal. Setup a saved search on my site and get homes emailed to you directly everyday. Get to a lender and get pre-approved. I would suggest Daren Poppen at MIG if you are looking for a good loan officer. You can apply on line at his site
You probably won’t find home prices this low for a while. Everyone is expecting the economy to finally pick up in 2011. This will drive home prices higher.
Thinking about buying a home give me a call at 865-696-9002 or email me [email protected]