The Wintertime Brings Great Values In Waterfront Real Estate

The winter can be the perfect time to buy waterfront real estate. Not only can you pick up a bargain waterfront home from a motivated seller, you can save on your purchase expenses like appraisals and home inspections.

Home buyers put off searching waterfront real estate because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm weather to buy waterfront real estate. Get in early and make your offers before other buyers do.

When a seller has a waterfront home that did not sell during the summer market, they may become concerned that the waterfront home won't sell. If the seller has not pulled their listing, there is a good chance they have become very motivated to sell.

Real estate agents need to keep their momentum going and can't afford to take too much time off. When the agents aren't as busy, you get better service. Plus, they're more likely to take low offers seriously. Agents love investors ready to buy waterfront real estate during the winter.

Lenders and mortgage brokers tend to lighten up qualifications during the winter months. When applicants are plentiful, lenders tend to cast border line applicants aside for more qualified home buyers.

During the peak summer months, appraisers and home will likely be booked 5-10 days out. They can also charge more for their work because they have a steady amount of calls coming in. As the winter approaches, the workload lessens and the phone calls decrease. You can likely get the appraiser and inspector out to the property in one or two business days. Many will even work weekends if it is the difference between winning or losing the job.

So why not get out there and start looking for some waterfront real estate bargains. Make a lot of offers. Don't wait for the summer to come back in just to find that your offers are lost in the crowd. Be proactive and find those motivated sellers.

Article Source: TravelFreeGuides.com

About the Author

Hubert Miles is the founder of Waterfront Houses USA, an internet advertising service that provides Waterfront Homes For Sale and Waterfront Real Estate For Sale available in the US and Canada.

by: Hubert Miles

Total views: 2 Word Count: 347 Date: Fri, 15 Jan 2010 Time: 11:56 AM - 0 comments

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