When home buyers traditionally back away from the market is the time for investors, such as yourself, to take advantage of every opportunity to purchase as many homes as possible. There are many reasons home buyers don’t even think about buying a new home once the New Year rolls around, but in my opinion these are the top culprits:
- Recovering from the Holidays – Americans are notorious for over extending their budgets and wallets at the holidays. With all the Christmas presents, parties, and travelling, most people wouldn’t be able to wrap their heads around stretching their funds any farther to take on a down payment and a new mortgage.
- It's Cold! – Especially here in MI and the other northern states people go into hibernation mode. They don’t like the frigid wind, the wet boots, the ice and the slush – and that’s just going to check the mail! Forget about moving everything you own from one house to another!
And these are the exact reasons you should be buying as many
properties as you can (especially if you’re planning on rehabbing them –and yes
paint and carpet count as rehab!). When
people get their tax money back and everything outside thaws they’re all going
to start looking forward to Spring and new beginnings. And when that happens you’ll just so happen
to have the perfect, move-in ready home for them to buy.
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