by Jaymi Naciri for Realty Times
Get off the fence. This might be the best time to buy a home you're going to see for a while. Here's why.
Less competition for homes
Tired of having to duke it out for available homes and then losing out to higher offers? That's a reality in many of today's hot real estate markets, where bidding wars are the norm. In some micro-markets, all-cash offers are king. It's hard to compete in that kind of environment, which is what makes the holiday season attractive to home buyers. Less activity during this season diminishes the competition, and can also help you get a deal.
"Since fewer people overall are looking to buy houses, you will have less competition for your preferred house -- and this gives you leverage," said moneytips. "Holiday home sellers often have to adjust their price downward or make other concessions if they want to sell. Keep this in mind as you search for homes. Bargains may be available, and listed prices may be more open to negotiation."
President-elect Trump's nominee for the Secretary of Housing and Urban Development (HUD) post has previously made a number of comments about the agency that could spell wide-sweeping changes for buyers, and not for the better.
Carson referred to Fair Housing as "communism in a 2015 Washington Times op-ed, saying that fair housing policies "mandated social-engineering schemes" that repeated a pattern of "failed socialist experiments in this country," said the Wall Street Journal. That has housing insiders worried that affordable housing programs, and, specifically, low-rate mortgages from Fannie Mae and Freddie Mac may take a hit.