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Go forth and invest. Buy or work on residential and commercial properties during the winter months. It is a fresh, new year and the slow quarter can be very prosperous if you strike at the right opportunities.
Winter real estate shopping can be an unwanted hassle for clients or buyers. A move in the middle of the school year can feel unwise, especially with the rush of the holidays having left families in a scramble to start the new year off financially fit. However, for investors and realtors, real estate buying is ripe and thriving in the winter. There are a few reasons why residential and commercial rental properties should be invested in the colder months. Firstly, due to the busy nature of the first few months of the new year, most buyers are focusing on work and catching up after the holidays instead of ruminating on whether or not they should purchase any property. This is a good business opportunity for investors and entrepreneurs to take advantage of in lieu of fighting the buyer crowds during the warmer months. A key factor that should be taken into consideration while making this decision is location. Those investors and realtors in normally warmer climates will not experience as much of a decrease in activity in the housing market. Make sure to check into the interest, trends and pricing for your local market before embarking on a real estate investment.
Secondly, real estate investors will come across low interest rates because The Federal Reserve is still utilizing quantitative easing to configure lower levels for the rates. In just a few months, when the quarter is ending, interest rates could climb higher and higher.
Investors not looking to buy real estate can still profit from an active winter quarter. Scanning around for the best real estate stocks to invest in would be wise because many investment experts are listing their top picks for 2014 in the winter.
Lastly, since the owner of the property most likely had to put the building on the market during the harsh winter months they may be welcoming to bargaining. The willingness to negotiate is a great benefit to you, the buyer or investor. If the property is on the market during this slower quarter, it may need repairs or have issues. It is always a good idea to see if the property will be more of a problem than an asset before purchasing it, so keep the cost and effort of repairing in mind.
Go forth and invest. Buy or work on residential and commercial properties during the winter months. It is a fresh, new year and the slow quarter can be very prosperous if you strike at the right opportunities.