OK, maybe not the most common question, but buyers in Los Altos and other areas of Silicon Valley often ask "Is the Thanksgiving Holiday Week a good time to buy a home?". Simply put, yes. As a home buyer, this time of year is one of the best opportunities to buy homes in good areas with less competition and possibly at a better price than other times of the year.
If you've been looking for a while and you know where you want to live, now is the time to take a second look at homes still on the market. Some other suggestions for home shopping now...
- Take another look at homes that have been on the market a while (possible bargains!)
- There are fewer buyers in the market so new listings may sell with little or no competition
- Adjust your offer price based on the comps and days on market
- Don't be afraid to make an offer of any kind (within reason). Most buyers want a "SOLD" sign for Christmas
You should also be aware that because there is no broker tour (and usually no new listings), nothing new listings will come on this week in most markets of Silicon Valley. There will be new listings next week and the week after that. However, most agents will advise their clients not to list in the week before, during, and after Christmas because people are usually on holiday. So, the inventory you see is pretty much what you'll get. The number of homes for sale usually drops quite a bit during December.
So, all that said, now is the time to get in a nice home. If you're not working with an agent, give me a call. I can show you the existing homes this weekend but also let you know about homes coming on the market in the next 2 weeks as well as off-market listings.
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Bryan Robertson, CEO | T: 650.799.9951 | Email: firstname.lastname@example.org | Website: http://www.BryanRobertsonHomes.com |CA BRE# 01191946 | Catarra Real Estate, Inc | 171 Main St #220 | Los Altos, CA 94022