Buy a house...now...at the end of the year?  I know it may sound crazy, but it could be one of the best times of the year to buy.  You see, if a Seller is motivated to sell, then they are probably having some heart palpitations about right now.  In their mind, they may not see any offers until February, or worse yet...Spring.  That means that any offer that they do receive now will be strongly considered.  Even if it's not quite what they were hoping for.  And property taxes are due this time of year as well, and this could be causing additional stress to the Seller.  If their cash is tight, and they are able to get their home into Escrow, they may just accept the late payment penalty and have all the property taxes paid through Escrow to relieve their cash flow pressures.  So if you're looking for the "great deal," now could be the time to get it.

Couple these facts with the historically low interest rates we are experiencing, and it could just be the perfect storm that we'll look back on and ask, "why didn't I buy 10 homes?"

Obviously this all depends on the motivation of the Seller.  If they don't need to sell and have plenty of equity, then you'll probably just get a fair deal on that home.  And for a Short Sale, the time of year doesn't really matter so much; the same thing goes for a foreclosure (REO).  But for a Seller that was hoping to already be somewhere else by the Holidays, this is a great time to present them with a less attractive offer than they had hoped for.

So as you're shopping for that special Holiday gift, maybe you should consider a really large gift for yourself...a home.  If you would like a list of the homes that fit your criteria, just send me an email or give me a call, and I'll be happy to help.