If you look at any major property website at the moment, it is clear that there are a lot of adverts for properties with reduced prices or prices well below Home Report valuation. December is usually a great time to be buying a property. However, this year property buyers have another tool up their sleeve to help them pick up a bargain: the snow!
As the winter holidays draw closer, some property sellers start to panic. Most solicitor firms will close for the Christmas and New Year holidays, a period of two full weeks. This means that property buyers can’t even submit an offer during this time, a genuine concern for property sellers. Many sellers also believe that the property market only starts moving in early spring. This isn’t really true but this perception persists.
At this time of year therefore, many property sellers will feel that they have a choice of accepting your offer now or of waiting several weeks until another offer comes along. This worry might persuade some sellers to accept a lower offer than they otherwise were looking for.
However, this December we can add another factor that further tips the balance of power in favour of property buyers: the snow! If property sellers perceive that December is usually a quiet month, the fact that nobody can physically get to their properties certainly won’t help to ease their worries.
December is definitely a good time to be getting an offer in on a property. Timing and hard bargaining are always useful tools for picking up a great buy. However this year it might be that a warm coat, snow boots and a 4×4 are the real key to picking up a property bargain!