Christmas House Shopping
'Buy in a slow market and sell in a fast one' are words of wisdom bandied about in property circles. As we head downhill towards the end of the year and bump through the silly season of parties, holidays and family gatherings, events conspire this year to make this adage particularly apt.
If you are in the market to buy a home, now is the ideal time to snap up bargains as the rest of the country go about their business of rushing around and focusing on year-end parties and Christmas shopping.
This 'Perfect Storm' of house hunting comprises the following:
Interest Rate Fears
The buyers might well be down on the coast somewhere helping unbalance that property market over the net month or so. The sellers, if not in one of these holiday friendly areas, will suddenly notice a dearth of buyers. Most of these sellers will pack up and fly off somewhere themselves and take their property off the market for the next few weeks. Those sellers that are left are the serious, savvy or desperate. It's up to the buyer to decide which and adjust their strategy accordingly.
Focused and determined
The inland Christmas property market is about as slow as things get in the year. If you're buying, now is a great time. What have you put in your stocking for Christmas this year?
Article by: Dave Welmans - (www.thepropertygame.co.za)