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- Sep 14, 2007
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Another blog post from www.hgrei.com Please enjoy and have a great holiday season!
It’s cold outside! -25 to be exact not including the wind chill. Most people are so bundled up you can’t recognize them or are just simply staying inside, lighting a warm fire and putting the kettle on. I can’t blame them really. When it is this cold survival is on most people’s minds but I am a little different. To me this is the time of year to be buying property!
You see, while most people are doing nothing but trying staying warm I am out finding my next deal. Investment real estate has a lot to do with finding motivated sellers and by definition if you have your house listed over the winter in Canada you are on that list!! Real estate in Canada is very much a seasonal market with the winter being the low point and the spring being the high point. I like to do the exact opposite of most people and buy property when most others are selling and selling when most others are buying. When you say it out loud it makes sense but for some strange reason 95% of people do completely the opposite...
If you are looking for a great deal this is the time of year to do it. Get out there and find yourself a vacant home that has been on the market for a while. Make an offer that you are comfortable with and I guarantee you that in the weeks leading up to Christmas your offer will be very seriously considered. This is truly your greatest opportunity to get into the market but you do have to leave the comfort of your own home to do it.
And while making your offer why not put in a closing date in the new year. It makes sense to the seller “Why would my buyer want to move in over Xmas?” The great advantage to this strategy is that you are now closer to the Spring when the market pops back to life again! It goes back to the old saying “Buy low. Sell high.” Simple and straight forward.
You might be thinking “How am I going to find a realtor that is willing to go out in this weather?” With a very significant commission cheque coming their way, Christmas just around the corner and no other buyers in the market trust me when I say “This won’t be a problem!”
We just picked up one of the best investment properties I have ever seen. This happened mostly because while everyone else was at home I was in the market looking and found myself a seller that NEEDED to sell their property TODAY. Well I was very happy to help them out and they were extremely happy to help me out.
But what if you are not in the investment real estate business but want to buy your next home (this would be most people)? This strategy works amazingly well in this circumstance as well. No real differences really other than now you are going to sell your existing home in the spring when all of the buyers are in the market again. Well good for you!!
So this winter while everyone else is Christmas shopping do a little “shopping” of your own. It might just be a little more fun than crazy malls and much more profitable!
It’s cold outside! -25 to be exact not including the wind chill. Most people are so bundled up you can’t recognize them or are just simply staying inside, lighting a warm fire and putting the kettle on. I can’t blame them really. When it is this cold survival is on most people’s minds but I am a little different. To me this is the time of year to be buying property!
You see, while most people are doing nothing but trying staying warm I am out finding my next deal. Investment real estate has a lot to do with finding motivated sellers and by definition if you have your house listed over the winter in Canada you are on that list!! Real estate in Canada is very much a seasonal market with the winter being the low point and the spring being the high point. I like to do the exact opposite of most people and buy property when most others are selling and selling when most others are buying. When you say it out loud it makes sense but for some strange reason 95% of people do completely the opposite...
If you are looking for a great deal this is the time of year to do it. Get out there and find yourself a vacant home that has been on the market for a while. Make an offer that you are comfortable with and I guarantee you that in the weeks leading up to Christmas your offer will be very seriously considered. This is truly your greatest opportunity to get into the market but you do have to leave the comfort of your own home to do it.
And while making your offer why not put in a closing date in the new year. It makes sense to the seller “Why would my buyer want to move in over Xmas?” The great advantage to this strategy is that you are now closer to the Spring when the market pops back to life again! It goes back to the old saying “Buy low. Sell high.” Simple and straight forward.
You might be thinking “How am I going to find a realtor that is willing to go out in this weather?” With a very significant commission cheque coming their way, Christmas just around the corner and no other buyers in the market trust me when I say “This won’t be a problem!”
We just picked up one of the best investment properties I have ever seen. This happened mostly because while everyone else was at home I was in the market looking and found myself a seller that NEEDED to sell their property TODAY. Well I was very happy to help them out and they were extremely happy to help me out.
But what if you are not in the investment real estate business but want to buy your next home (this would be most people)? This strategy works amazingly well in this circumstance as well. No real differences really other than now you are going to sell your existing home in the spring when all of the buyers are in the market again. Well good for you!!
So this winter while everyone else is Christmas shopping do a little “shopping” of your own. It might just be a little more fun than crazy malls and much more profitable!
