Buy at the year- or quarter-end6 of 8"Particularly for a cash buyer, this strategy makes a lot of sense."Make your offer at the end of a month, quarter or year," says O'Toole. "Many times, banks will want to get deals closed and off the books.So, consider making a November or December offer and highlight the fact that you can close by Dec. 31," he says. You can get a lower price simply because it works for the bank's timing. Related Articles:Mortgage MattersHousing market recovery?Interest Rate RoundupRate Trend Index4 steps to refi mortgageRelated Links:Calculate your mortgage30-year or 15-year mortgage?Balloon mortgage calculatorCalculate your mortgage paymentHow much paint will you need advertisement
"Particularly for a cash buyer, this strategy makes a lot of sense.
"Make your offer at the end of a month, quarter or year," says O'Toole. "Many times, banks will want to get deals closed and off the books.
So, consider making a November or December offer and highlight the fact that you can close by Dec. 31," he says. You can get a lower price simply because it works for the bank's timing.
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