Trying to find motivated sellers of waterfront real estate can be difficult. The perfect time to look for a motivated seller of a waterfront home is during the wintertime. Also, you will be able to get appraisals and home inspections at a lower cost.
We are all distracted during the wintertime. With Christmas and New Years approaching, real estate shoppers are busy with holiday shopping, decorating, and parties. It is also hard to get real estate shoppers out in cold weather to look at waterfront real estate. Therefore, your offers will have less competition.
Home sellers who didn’t sell during the recent summer months are worried that their waterfront home will not sell. Any seller offering waterfront real estate for sale during the holiday season is motivated.
During the winter, every lead becomes more important to the real estate agent. As the number of potential buyers dwindle, agents are more apt to give every potential buyer their best possible service. They tend to be open to lower offers especially if the waterfront home has been on the market 6-12 months.
So what about financing? Well, lenders and mortgage brokers are affected the same way real estate agents are. As the winter months roll-in, they tend to be more flexible with qualifications and will work harder to help you purchase your waterfront home.
During the peak summer months, appraisers and home will likely be booked 5-10 days out. They can also charge more for their work because they have a steady amount of calls coming in. As the winter approaches, the workload lessens and the phone calls decrease. You can likely get the appraiser and inspector out to the property in one or two business days. Many will even work weekends if it is the difference between winning or losing the job.
So throw on your coat and start looking at those listings that are left over from the summer frenzy. Make as many offers as you can. Don’t wait for the summer to come back in just to find yourself competing against all those other offers.
|
|