Cold Play

As we approach the month of November, the weather becomes colder - and the real estate market does, too. It may sound counter-intuitive, but the next few months offer an excellent opportunity to buy real estate. And for a few reasons:

#1: Although inventory is lower now than it is in the Spring and Summer months, it is still quite high by historical standards. .

#2: Buyer demand drops significantly in the Fall and Winter months. This means less competition from other buyers and more flexibility from sellers. Many sellers become very flexible with pricing after they've seen their home sit on the market through the Spring and Summer months.

#3: News of higher unemployment and higher foreclosure rates affects the psyche of many sellers, causing some to do whatever it takes to get their home sold.

#4: Interest rates are at historic lows. And there's no guarantee that they'll be this low next year.

A good buyer agent can be a tremendous asset for the individual who wants an excellent deal - and someone to advocate his best interests throughout his transaction. In our next post we'll share an example of how we assisted a buyer client who just closed on his new condo.

Have a good day,

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com