While almost every other business in New Zealand winds down over the Christmas-New Year break, seize this great opportunity to buy a home while everyone else is on holiday.
Traditionally real estate sales tend to take a nose-dive after mid-November, declining through December and plummeting to their lowest point over the holiday break. Usually by the end of January, things are on the up and up and by March things back up to full-swing, with the number of sales and auctions peaking before Easter.
Yes, less homes may be on the market during this wind-down to the holidays, but there are some hidden gems if you’re looking to buy a home.
What does this mean to you as a buyer?
Higher motivation to sell
Vendors who are looking to sell their property during the holidays are vendors who generally need that property to sell. Why else would they choose to have their home listed during one of the busiest times of year, when the pool of interested buyers is traditionally assumed to be much less, due to the holiday season?
Less competition from other buyers
Less interested buyers mean an offer you put forward is likely to have less competition, as the chance of a property having a multi-offer situation goes down dramatically at this time of year.
This smaller pool of buyers combined with a vendor’s motivation to sell could mean that lower offer from you might be accepted with less negotiation. Bonus!
So, if you’re wondering if now is a good time to buy, we think it’s a great time to look and see what you’ll find.
Get in touch with Vaughan now arrange a pre-approval, so that you can look knowing you already have finance sorted to have an extra advantage up your sleeve and you could be ringing in 2017 in your new home.
Published on Wednesday, November 30th, 2016, under Latest News