Should I Buy or Sell During The Holidays?

IMG_0067“For the seller, they’re giving up their home where they have all of these attachments. For the buyer, it’s about painting a picture of their new lives and then carrying them through the whole process to a positive result.” – Sally Foster Jones, SFJ Group.

The song “Let it snow” has the words, “Oh the weather outside is frightful. And the fire is so delightful,” but buying or selling a home during the holidays can be a good idea.

Here are a few things to think, whether you’re a seller or a buyer, during this holiday season.

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What’s Happening in Denver Real Estate December 2014

Here are some highlights from November 2014 with regards to the 7 metro Denver Counties.

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I’m Going To Wait To Purchase A Home…

With the hot market here in Colorado, many buyers are finding themselves frustrated and may decided to wait until Spring 2015 to purchase. Yes, you could wait, could there be more homes on the market? Possibly, or inventory could continue to be low.

What about interest rates? Yes, they could go up. With regards to interest rates even half a percentage could significantly change the price of the home you are qualified for.

What about prices, I want a deal. Prices could go up, and that can reflect the price of a home you are qualified for and change your monthly payment. Even a $200.00 change in payment could make some buyers uncomfortable.

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Do’s and Don’ts For Loan Approval

You have found that perfect house and you’ve gone through acceptance of yoIMG_2560ur offer, the inspection went great and the appraisal has been done all you’re waiting for in final loan approval from your lender. Here are some simple Do’s and Don’ts to remember when you are waiting for final loan approval.

 

 

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