Why the End of the Year Can Bring You the Best Investment Property Deals & How You Can Prepare
With the holiday season quickly approaching, chances are you’ve started gathering Christmas lists from your children. In order to get the best deal on gifts, you are in full of anticipation of the holiday sales ahead. After years of experience, you know that some of the best deals can be found the closer to the holidays you get, but you have to be prepared, have a plan and be able to act quickly, or others will beat you to the sale and you’ll be looking elsewhere or miss out on the item all together. We’ve all seen that certain item at a great price, only to pass on it, returning later to find that it is already sold out. If you are a real estate investor and are in the market for a new investment property, the holiday season can also present you with some of the best investment opportunities you will see all year. However, you have to be prepared to act quickly.
Why can the holidays, and specifically the end of the year, be the best time to buy investment real estate?
- Banks need to clear troubled assets from their balance sheets before the end of the year to avoid regulators criticisms, and they are willing to give big discounts to qualified investors to help them do that.