It may not be the most obvious time of the year for house hunting, but thinking smart and strategically might pay off dividends during these traditionally quieter winter months in the property market. With most out shopping for Christmas presents (me included!), you can often find yourself one of only a few buyers who are looking to purchase a property between December and January.
Indeed, with rival buyers, you may find it easier to secure that ‘must have’ town house or country home around Cambridge. Those who are selling at this time of year are often doing so through circumstance and not choice. Drivers such as a job move, financial pressures or personal circumstances, could mean a motivated seller, who may be more flexible on price, will wish to secure that keen buyer before Christmas. Furthermore, the winter months are often the time of year when already overpriced properties may offer further reductions.
Having the right contacts can also prove particularly beneficial, as would be sellers can often be tempted to ‘test the market’ with a one off viewing from a motivated or flexible buyer. If you can find these ‘pre-market’ gems and opportunities and secure them from any competitive bidding, you could be buying yourself a property at a competitive price.
But you should be aware, whilst a seller may be willing to agree a sale before Christmas, many will want a delayed completion in order to find and secure their next property. You may ask is the next property worth waiting for?
In many cases the answer is ‘yes!’ The seller has certainty of sale and can start looking for their next opportunity, you have secured yourself a new home and can spend time planning that new living room extension or bedroom redecoration – A perfect start to the New Year all round!