The absolute best time to buy

Jim_SamsonWhether you want to get into real estate or just know that you’re going to be buying in the future, knowing the best times to do so can make or save you thousands.

And that’s no exaggeration- just waiting 1 more week to buy could even mean a difference of 20% more or less…

That’s why you need to know the best times to buy.

Have you ever thought about which month would be best to conduct a real estate transaction? What about the week? Or day?

Not knowing these vital times could easily cost you tens of thousands of dollars as it has for so many people, but having this knowledge could mean profiting or saving that much as well…

So if you’re a buyer or plan to be, here’s what you need to know:

The best month to make an offer on a house…

Here are the simple facts about making an offer in January that make it the best time of year to do so:

  • Not as many buyers will go out when the weather is poor to hunt for houses, so there’s less buying competition.
  • You’ll avoid the spring, when there are more buyers in general, and more serious buyers.
  • The sellers may have just received their credit card bills and are more willing to close quickly because they want the money in their accounts right away.

*Also consider making an offer on Christmas Day. Sellers will be in a good mood, home prices are at a 12-month low in December, and sellers tend to become desperate around that time.

The best day of the month to make an offer on a house…

1st Tuesday.

That of course leaves Christmas Day out, but that’s really an exception. There are 2 real reasons for the 1st Tuesday of the month being the best day to make an offer on a house”

  • The seller knows that by Tuesday he is likely done receiving offers from house hunters who saw the house before, and
  • The homeowner just paid another mortgage check for the house he or she is trying to sell, and definitely doesn’t want to do so again.

If you can time your offer correctly, you could wind up buying a house for thousands and thousands of dollars cheaper than you otherwise could.

Then you could even turn right back around and sell the house for a profit by knowing the best times to sell, but we’ll get into that next time.

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