Decided that you want a new house for Christmas?
You’re probably not the only one, but regardless a lot of people tend to take a break from house hunting over December and decide to wait to find a new home for the new year – but you could be missing out on some fantastic properties by following suit.
The property market tends to quieten down as Christmas draws nearer, and this means there are a lot of opportunities out there for those willing to find them.
The property market won’t be sleeping over the coming weeks. There are always people looking to sell homes and move onto the next stage of their life, so don’t be discouraged if you’re in the market to buy. Keep looking because you might find that you face a lot less competition than usual this month.
Savvy buyers know that this is the time of year to go out and beat the crowds before they come knocking after the New Year, with January typically being one of the most popular times of the year for new property searches.
For investors, buying in December also means a likely January or February settlement, which is a good time to advertise rentals.
Settlement dates could be a good negotiating tool at this time of year. Some people might be looking for a quick sale so if you’re willing to settle quickly, the vendor might be more willing to accept your offer.
Ask the selling agent to find out if there are any favourable conditions that might make your offer more appealing.
If you’re looking to sell over the festive season, don’t be disheartened. Sellers can also benefit from less competition and the fact the people searching at this time of year are likely to be serious buyers.
Whether you’re a buyer or a seller during December or early January, you can benefit if you face less competition in your area and aren’t feeling the pressure of making a quick property transaction.
When it comes to property, you’re often better off doing what everybody else isn’t doing. So while everyone else is away on holidays, take the opportunity to jump into the market and beat the rush of activity that will come in a couple of months.
Want any more advice about buying and selling in Fairfield? Contact the Professionals Fairfield Real Estate team today!