Earlier this month a I wrote a blog post answering the question, "Is January too early to start looking for a home?" (read it here). Among other things, I mentioned how a buyer might benefit by purchasing a property that's been sitting on the market all through December.
Guess what? Less than a week after that post a client of mine proved my point and snagged a great condo at a steal.
We were still only a few weeks into the new year, but my client was motivated, pre-approved and ready to start looking. His preparation and willingness to jump into the market while most other buyers were still sitting on the sidelines resulted in him scoring a pretty good deal.
Timing certainly played a very big part here. My client was able to take advantage of 3 key factors:
- The property had been on the market since mid-December (I'll go out on a limb and suggest that one week before the start of the holiday season is not the best time to list a home for sale).
- The property was listed under market value (to the tune of 5%+).
- The property had actually sold to another buyer before the holidays, but that deal fell through and it was now back on the market.
Either way, the property went to a buyer who was still in the game.
Are there deals to be had in January? Yep.
If you’re thinking of making a move and would like to know how I can help, feel free to contact me for more info.