Homebuyers and investment property buyers alike can take advantage of the winter doldrums to realize the biggest discounts on home prices. Based upon national sales data of single-family homes and condos from 2013 to 2017, there are 10 specific days that show the greatest home price discount.
This means if you want to get the best deal you need to be submitting offers very soon.
Starting a home search around Halloween and submitting an offer prior to Christmas is not a common path to home purchase for most buyers and exactly why it's the best time to buy!!!
Consumers can save an average of approximately 1.5% or between $5,000 to $8,000 off the sales price by striking at the right time. With home affordability becoming a greater and greater issue, savvy homebuyers will find and use whatever advantages they can. Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations.
So, drum roll, what does the national sales data show as the ten best days for a seller to make an offer?
Number 10. December 8th
Number 9. February 9th
Number 8. November 9th
Number 7. October 12th
Number 6. December 1st
Number 5. December 21st
Number 4. December 29th
Number 3. December 4th
Number 2. December 7th
Number 1. December 26th