Winter Sales

Does real estate sales slow down in the winter? I live in the northeast and would like to start investing, but I wonder if I should wait until late winter early spring. I'm nervous about being stuck with a house thorugh the winter.

Comments(4)

  • myfrogger27th October, 2003

    Real Estate like any industry is based on supply and demand. If you have a higher supply and a lower demand (such as winter) you will likely have a lower cost than in the summer with the opposite. You can still make money but you should be aware of what you are getting into.

    Good luck

  • DaveREI27th October, 2003

    Yes it does slow down in the winter... if you are prepared .... its a great time to pick up some real deals... and if you are on the creative side of selling.... no problem getting them occupied....

  • classimg27th October, 2003

    Winter is a great time for the investor, and a huge opportunity for the savvy creative types. We live in Chicago and investors are getting nervous regarding vacancy and are less creative with regards to finding tenant buyers. A word of wisdom, is to document on an ongoing basis ALL the combinations of creative techniques. For example: With the help of our mortgage broker, we created a list of every financing/mortgage product available. (30, 20, 15, year fixed, 5, 7 year balloon, 5/25, 7/23 Step, 3-2-1, 2-1, 1-0 buydown, etc.)

    Eric & Rosa
    [addsig]

  • cas929th October, 2003

    Thanks for the input, very helpful.

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