December has rolled around again, and for many of us (unless you’re in retail) this time of year means a whole lot of social functions and not too much productivity. Then January comes and we’re still in slow-mo holiday mode, waiting for February to arrive and for things to speed back up to our normal crazy pace.
It’s a great time of year to connect with friends and family, relax and refresh. But, it can also be a great time to put that spare time to good use and buy an investment property.
- You have time. You can put your downtime to good work by figuring out your investing strategy and your budget and then doing your research to pinpoint where you want to invest and why. Just make sure you still have your long lunches, your days at the beach, your naps and afternoon cocktails! They’re important too.
- Sellers are motivated. People want to move stock before the end of the year, so they’re likely to be happy to talk turkey on price. They want to record another sale during their traditionally quiet period, you want a great deal – so you both can win!
- There’s not much competition around. While everyone else is taking time off, you might be the only person showing genuine interest in a property, so the seller will be excited that they’ve got a bite. Capitalise on the lack of competition by negotiating a great deal.
- If your finance is ready, you’re in a perfect position to buy. Most banks are on skeleton staff during the Christmas/New Year break and many solicitors offices close, so it’s important to get your finance ready before the close down and to have your solicitor/conveyancer review contracts as soon as possible so they’re on standby to get your call when they re-open. This also shows the seller that you’re a serious contender despite the fact that you’re also in holiday mode.
If you want to invest in property, put your holiday break and the quiet time to good use!
Relax, connect with loved ones, enjoy the summer and, most of all, enjoy the fact that you’ve done something great that will positively impact your future.
If you want to skip a few steps, we’re happy to do the legwork for you. Just give us your goals and your budget and we’ll present you a shortlist of options. We can do the negotiation for you and we can even help you arrange finance through Love Home Loans.
Officially, our office will be closed from Friday 23rd December, re-opening on Monday 6th January. Unofficially, we’re not going anywhere, so we’ll still be able to take your calls and emails.
Let me know if you want to discuss investing options. There are some great opportunities just waiting for you!
Merry Christmas, Happy New Year and make the most of your downtime.