According to HomeUnion Investment, those who are investing before or are going to invest for the first time will find that the following months are the best time to invest in a new real estate property. It has been established that between the months of June until August, the sales of real estate properties is lower due to the winter season wherein people are less likely to shop for new houses.
The same goes with properties for rent since tenants are more likely to move to a new place when the weather is favorable such as during summer and spring. If you have been looking for that property for more than six months with no luck then the winter season will give you enough time to look for that new home or new investment to add to your portfolio.
This is true even in open houses where less people are going to see the new home when the weather is bad or the rain is pouring heavily. In fact, a bad weather can greatly affect the number of people attending a house viewing. If you are planning on buying a new property during winter, it is best to see homes near the coastal areas since the market there is quitter compared to those properties located in the inland suburbs.
If you are a dedicated property buyer then you should devote time each week to see what is in the internet and in the paper. There are listings of properties that are available for sale. It is expected that wherever there is more properties available, that is where the sellers prefer to compete with one another.
One of the best choice would be to find a home that is being rented at the moment while the owner is putting it up for sale to make sure it coincides with the beginning of the next financial year. There is a big possibility that most of these properties are not maintained properly which could be an opportunity for a real estate investor to buy it in a much lower cost. Research properly before offering up your first offer and remember to gather some tips and tricks from seasoned real estate agents.