Sunday, November 12, 2006

Slowest season for sellers can be a great time to buy

Slowest season for sellers can be a great time to buy

Robert Bruss, Inman News
Published November 10, 2006

During the slow home sales season between Thanksgiving and New Year's Day, few people think of buying a house or condominium. However, if you want a home and can drag yourself away from holiday festivities, this is the best time of the year to be a buyer.

Why is that, you ask? Only serious motivated sellers have their houses and condominiums listed for sale during this slow sale season, and competition from other prospective buyers is at its lowestYour purchase offer likely will be welcomed by a motivated seller.

In addition, it is a "buyer's market" in most cities, meaning there are more homes listed for sale than there are qualified buyers in the market, so sellers are extremely anxious.

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