WHEN IS THE BEST TIME TO BUY LAND?


WHEN IS THE BEST TIME TO BUY LAND?

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#StockSmarts #PropertyInvesting #BuyLand
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Buying Property – Fall and Winter

For buyers, fall and winter is the best time to score a good deal on property. Even in states where winters are warm, like Florida, Arizona and California, the fall and winter months are slower because kids are just getting started with the school year and the holidays are right around the corner.

When sellers put their property on the market in the fall and winter months, they’re usually looking for a quick sale. And because there’s less competition from other buyers, you have more room to negotiate on a better price.

From an investment standpoint, these colder months are the best time to find property at a great price. You may also find some great fixer-uppers that need minimal work to turn a nice profit at sale.

According to Time, the best time to make an offer on a home is in January when competition is low and sellers are more willing to negotiate.

The best day to make an offer, according to Time, is the first Tuesday of the month. At this point, the seller just wrote a check for another mortgage payment and may be worried that there have been no offers from buyers who viewed the home the previous weekend.

But don’t wait too long to make an offer on a property you’re really interested in, especially when hunting during peak season. Properties can come and go on the same day, which may mean that you miss your opportunity if you wait too long.

On the other hand, spring and summer offers more options to choose from and increases your chances of finding the right property. If you have a particular type of property that you’re looking for or you plan to live in the home, you may want to start searching in early spring.

While these are all great rules to know and follow, a savvy investor keeps a close eye on the market all year long. But having an understanding of the market’s ebbs and flows will help you know how to negotiate a deal depending on the time of year.

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