Real estate sales are always higher during the spring and summer months, but don't let that discourage you from searching for your next fix and flip outside of those prime selling months. Now that summer has ended and autumn is here, consider these three advantages to buying a fix and flip during the California fall.
There's Less Competition
Fall is a slow season for real estate, but of course, there are always homes for sale. And fall is the perfect time to look at them, because you're more likely to find a bargain during fall than in the summer. Houses that didn't sell while on the market during the summer could be lowered now that it's fall and there aren't a lot of offers. Negotiating the price down is much easier when you're not up against competing offers. Plus, it's not unusual for a seller to want to move the house before the holidays. Pair slow real estate months with a motivated seller, and you've got the makings for a very good deal on your next fix and flip property.
Sellers are Tired of Waiting
It happens a lot, a seller lists their house during the prime selling months, and they price it too high. The house sits there for months with no buyers. Now that it's fall, and they still haven't sold the house, they'll likely entertain an offer that they would have rejected during the summer months. They don't want to keep waiting around. Find a seller who's had a house on the market for a few months, and you'll find a golden opportunity for a great deal on a fix and flip.
You Get More Attention
During the summer months, real estate agents get flooded with customers, so you don't get their full attention. You're just one in a sea of people who they're working with. During the fall months, they're less likely to have an overwhelming amount of business, so they'll give you more attention. If you're thinking about using a real estate agent to help you find a good fix and flip property, fall is the perfect time of the year. You'll get better service, and that can make a huge difference when it comes to finding the perfect fix and flip opportunity.
If you're in the business of fixing and flipping, take advantage of the fall season, and start reaping the rewards. If you need financing for your next fix and flip project, please contact us.