Slower market4 of 7With many people busy gift shopping, traveling and entertaining, November and December are traditionally slow for real estate. On-the-ball buyers can take advantage of that fact and find less competition for the most desirable homes. According to Elio Buoni, a Chicago-based broker with RealEstate.com, fewer buyers and plenty of listings on the market mean bidding wars with other buyers (which can drive up the cost of the home) are less likely to occur. Related Articles:10 steps to 'short-sale' buyingFind the right house for you7 steps to great foreclosure buy'Perfect' time to buy a homeRelated Links:15-year or 30-year mortgage?Fixed- or adjustable-rate mortgage?Rent or buy your next home?Estimate your FICO score – free! advertisement
With many people busy gift shopping, traveling and entertaining, November and December are traditionally slow for real estate. On-the-ball buyers can take advantage of that fact and find less competition for the most desirable homes. According to Elio Buoni, a Chicago-based broker with RealEstate.com, fewer buyers and plenty of listings on the market mean bidding wars with other buyers (which can drive up the cost of the home) are less likely to occur.
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