News

Buying a home for the holidays: 4 tips

Fewer homes for sale – The biggest downside is the limited supply of for-sale homes, which occurs mainly because sellers are so uninterested.

“You won’t have tons of inventory to pick through,” Deihl warns.

If you can’t find a home you like, you might be able to tap into homes that aren’t on the market, says Ken Pozek, a real estate agent at Keller Williams Realty in Northville, Mich.

One strategy is to research what brokers call “old expires,” which refers to homes that were for sale several years ago but weren’t sold at that time.

Another approach is for the broker to send letters to homeowners in your preferred neighborhood, trawling for someone who’s willing to sell a home that meets your criteria.

A third technique is to call brokers who sell a lot of homes in your target area and ask them about homes that aren’t yet listed, but are being prepped for sale and are “coming soon.”

Look out for seasonally obscured defects – One pitfall in year-end house shopping is that homes in cold-weather states might have defects hidden by snow, only to be discovered by thaw in spring. That should be a concern for buyers in, say, the Northeast in December, January and early February, Deihl suggests.

“Snow covers a lot of things,” he says. “Make sure you understand the landscaping and (feel assured) that the sellers aren’t trying to hide something.”

Photographs of the home taken earlier in the year and a home inspection can help mitigate some of the risk that a home might be listed in the snowy season to hide its faults.

Get a head start on the holidays – Buyers can ease into year-end home shopping by completing holiday tasks ahead of time.

“Check some holiday things off early, so you don’t have to scramble to take care of them while you’re scrambling to take care of your mortgage,” Deihl suggests.

If you’re a serious buyer, you needn’t be shy about intruding into sellers’ homes at a time normally reserved for family and friends. If a home is for sale, presumably the owners want sincerely interested buyers to see it.

“If a seller is willing to put their house on the market during the holiday season, they really want buyers to come in,” Pozek says. “If there is a for-sale sign, it’s a welcome sign.”

Winter clearance prices – Less competition from other buyers during the holiday season might mean you’ll be able to negotiate a favorable price for a home you want to purchase.

“Those properties oftentimes are priced to sell,” Deihl says. “It could be an opportunity to sacrifice a little bit of time during an otherwise very busy time of the year to get a better investment opportunity.”

Still, with fewer homes from which to choose, you might have to lower expectations.

“If a house comes up that works for you, it should be a pleasant surprise. I wouldn’t set a realistic expectation of finding your dream home during that period,” Deihl adds.


Share and Enjoy

Posted In: EHR News

About The Author

Joseph Sabeh Jr.

Please let me introduce myself, I am Joseph Sabeh, Jr a full time licensed professional realtor. I have been with Executive Homes Realty for over 13 years and was trained by my late father and Broker, Joseph Sabeh. I recently incorporated the company and we moved the office to 43513 Mission Blvd just last summer. I could not have found a more honorable place to work. After earning my experience selling high end Ralph Lauren suits and studying business management in southern California, I decided to pursue my dream of selling real estate and working with my father. He had already had such an excellent reputation and established a niche market of high end clientele that catered to the very best. I wanted to become the consummate professional just like him and have strived to become just that being just a phone call or email away from getting back to my client’s immediate needs! Known by my clients for my tenacity, perseverance , and excellence in negotia- tion(Certified Negotiation Expert), I have always strived to meet my clients high demands and goals. As a result of my professionalism, I have achieved an extensive portfolio of referrals from past and present clients. I credit my current values from my upbringing of my parents and the credit is due to them without question. Their integrity, pride, and willingness to sacrifice for the better of my life and my sister’s always left a mark on me that one day I will pass on. Their desire to achieve a better life and live it to the fullest is one that some families dream of and I certainly am appreciative of all of the education and etiquette I have learned from them both. I have sold condos up to 3.2 million dollar homes and I am here for any and all of your future real estate needs and wishing you the very best experience in your future real estate endeavors with me.

No Comments

No comments yet.



Leave a comment

RSS feed for comments on this post. TrackBack URL