When Is The Best Time To Buy Investment Property?

When Is the Best Time to buy investment property? You’re hunting for rental income property at an attractive price, you might be wondering when is the best time of year to buy investment property? Hi, I’m Rich Barnes, Owner/Broker of Realty Experts in West Allis, Wisconsin, 53214. For motivated buyers who want to stay ahead of the competition, now could be the best time for some buyers depending on their priorities. That’s because housing prices typically begin to pick up during mid-January and early February. Fewer buyers lowers your risk of competing against all cash, over asking price offers, and increases your negotiating power with the sellers. This year, resolve to begin your investment property search while everyone else is still indoors binge-watching “The Queen’s Gambit” on Netflix. Recent data from the National Association of Realtors shows that the median price of existing homes typically increases during the last three months of the year. But once the new year arrives, prices begin to rise as sellers prepare for the spring selling season. When looking through listings, be sure to pay attention to the total number of days each home has been on the market aka the cumulative days on market. If the property has been lingering on the market for several months, sellers may be more motivated to enter into negotiations. This puts the buyers in a stronger bargaining position. For buyers who want to save money, and who doesn’t? Finding a house in the winter might be the best time of year to get a lower sales price. That’s because sellers typically see fewer buyers at the end of the year and may be much more willing to make a deal. If you have any questions or you’re ready to get out there and find a good investment property, give me a call, I’m here to help. Thanks, you have a great day.

Its a good time to buy investment property
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