Traditionally, home shopping falls flat during the holidays. We slow down during Halloween and then Thanksgiving comes around and we hit a dead spot. This year however, I think business is going to continue, albeit at a slower pace.

If you’re considering buying a home this winter, count yourself among the lucky ones. Why?

1. Inventory is high – The number of foreclosures make for scary news for sellers because they have to compete with bank-owned homes and you, lucky buyer, have lots of homes to look at to find the perfect one! You can find a complete list of foreclosures in Sacramento county here.

2. There are no recreational sellers out there – During the big real estate boom, a lot of sellers wanted a certain amount for their home before they would sell their home. Today, if a home is on the market, chances are they want to sell and will do whatever it takes to negotiate a sale with you.

3. There are huge discounts in price – There was a time when homes had trouble appraising and hence getting a loan for the home was hard. Today, if you find a great deal, the appraisal might just come in 10% over the price you’re in escrow for. Congratulations – you just “made” 10% of the sales price by just buying the home!

So head out there and let the shopping begin. Remember, you don’t have to restrict yourself to just retail gifts this winter. Housing is selling at wholesale prices!

blog comments powered by Disqus