In the real estate market, there is a perception that spring is
THE time to buy. But consider the facts. In hot markets like the DC metro area,
spring and summer can be (and was again this year) a very frenzied time to look
for a house. In addition, you may face issues like bidding wars, escalation
clauses, and no contingency or minimal contingency contracts.
Now consider fall. It can be a great time for prospective
buyers. Good deals can often be found for houses that didn’t sell in the spring
or summer, as owners may be more willing to negotiate. Or they want to sell
before the holidays. In any case, you will almost certainly have fewer buyers
competing against you.
So, if you were trying to buy this year but have come up short
so far, contact Margie to
see how much of a mortgage loan you can qualify for and to get a Qualification
Letter. Then go looking for your house!
Steven H Hofberg, Operations Manager