What is the best time to make an offer on Real Estate for Sale in Virginia Beach
Different areas in the country have different
cycles for people moving in and out of the area. During the Summer
is always the best time to have your real estate for sale,
but it is not the best time to look for that bargain of a home in mint
condition.
Hampton Roads is overwhelmingly a military area, which means young
families with children in school. Starting your search in May
until August means that you are competing with every
family that is is being transfered in to the area. At the same time,
people who have taken the time to plan the sale of their home will put
the home up for sale during this time, so although this is not the best
time to make an offer to buy a home in Virginia Beach, it is the time
when you will find the best looking move-in ready homes.
What
is the best time to make an offer on Real Estate for Sale in Virginia
Beach or the Hampton Roads area. From the
middle of November
through the middle of January is the best time to get the
best price on a home. By this time homes have been sitting on the
market with no end in sight, and the budget for keeping that extra home
until the market picks up, start running out. Not every seller needs to
sell, and I have seen vacant homes on the market for over a year or
more.
During this time the best time to write an offer is between Christmas
day and New Years day. Very few 
people are out
there looking at homes, and with the hope of starting the new year free
of that "home for sale," sellers are eager and thankful for that offer.
When it comes to foreclosures
the best time to get a bargain is when it has been on the market
for a couple of months, and before the bank makes a major
reduction to the price, as at that time you will find your self in a
multi bid situation.
Short
sales are not for everyone, and unless you are prepared to
wait for months for a yes or no answer, I would avoid this transactions
entirely. Yes, you can get a bargain, but also you may have missed the
boat with the low
interest rates that are available at this time.
What is the best time to make an
offer on Real Estate for Sale in Virginia Beach or the Hampton Roads
area. The best time to make an
offer on new
construction is when the builder has run out of money. Too
many homes for sale, might mean that the builders quarterly projections
call to sell one at a discount. Builders are savvy business people so
they plan accordingly to avoid finding themselves in this situation,
but it happens, and although they may not lower their prices much the
buyer can walk away with a lot of extra freebies.
Back
on the market homes are a good strategy for finding good
deals. The seller has probably found another home, and now the seller
is in no situation to pay two mortgages.
Regardless of when you need to buy, the best thing that you can do before
you buy a home is to plan. Find a good Realtor, pin down
what is it that you want on a home, find the general area that you want
to 
live in, and last
but not least, get preaproved
with a legitimate mortgage lender. There is nothing worse
to finding the perfect home to find out that you can not afford it.
To SELL or BUY Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/ visit my Blog at HamptonRoadsrealEstateVoice.com
Call me at: 757-502-5324
What is the best time to make an offer on Real Estate for Sale in Virginia Beach or the Hampton Roads area. was first published on Hampton Roads Real Estate VoiceCopyright © 2010 By Tere Rottink, All Rights Reserved.
