The Wintertime Brings Great Values In Waterfront Real Estate
Posted: under Real Estate.
Tags: business, finance, home, House, Property, Real Estate, Travel, vacation, waterfront homes, waterfront real estate
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.
Home buyers put off searching waterfront real estate because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm weather to buy waterfront real estate. Get in early and make your offers before other buyers do.
If a seller still has a waterfront home on the market that is held over from the summer, they will likely be more motivated to hear your offer. If the seller feels he can’t wait till next summer for more offers they may be inclined to accept a lower offer.
It is important for real estate agents to keep their pipeline full of potential leads and sales. During the winter as their leads become fewer, you will get great service. The real estate agent can’t afford to let any potential lead during the winter pass them by. The agent will also be open to offers they may refused to present to the seller during the peak season.
Lenders and mortgage brokers tend to lighten up qualifications during the winter months. When applicants are plentiful, lenders tend to cast border line applicants aside for more qualified home buyers.
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 why not get out there and start looking for some waterfront real estate bargains. Make a lot of offers. Don’t wait for the summer to come back in just to find that your offers are lost in the crowd. Be proactive and find those motivated sellers.
Hubert Miles is the founder of Waterfront Houses USA, an internet advertising service that offers Waterfront Home and Waterfront Real Estate available in the US and Canada.
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Jan 30 2010



