When dipping into real estate, there are many things you can do to make sure you’re making the most profitable deal.
Those things can vary from simple to complex, but this trick I’m about to show you today may be the EASIEST to implement.
It all has to do with timing…
As I mentioned, there are many different tips, tricks, and strategies to maximize your profits when both buying and selling, but this one focuses solely on the buying aspect.
If done wrong, buying a house can be devastating to your finances, making life a lot harder. But if you do it right, buying a house can be everything you dreamed of and more.
Today I’m giving you the advantage of knowing exactly when to make an offer on the house you want—this works if looking for a house to live in OR property to flip…
Here it is:
If you can, try to make an offer on (or around) Christmas Day.
That probably sounds a bit strange, but hear me out…
Reason # 1. Christmas puts most people in a good and generous mood, meaning this is the day that gives you the best chance for the seller to come down in price.
Reason # 2. December is usually the 12-month low for home prices, and you may even get lucky with the seller becoming desperate as the year is ending.
Reason # 3. This is the time of year when sellers are serious, so a good offer (that’s advantageous for you, of course) will be strongly considered.
Obviously, a big component of this will be having a real estate agent willing to work on Christmas Day. Make sure he or she is willing to do so before choosing one.
But if you can’t get an offer in on or around Christmas Day, aim for January.
This is the time of year when the weather is a bit harsher in most places, so you’ll have less competition and you’ll be dealing with a seller who has chosen to go ahead and put his or her house on the market during a time when it won’t show as well.
One big part of real estate investing is tipping the scales in your favor. Little tricks like this one can save (and ultimately make) you a pretty penny.
