Viewing entries tagged fast loan approvals Subscribe to feed

5 Ways To Capitalize On The Holiday Sweet Spot For Wholesalers

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 28 November 2013
BestTransactionFunding
We are now entering the holiday sweet spot for scooping up better bargains on real estate. Savvy wholesalers will use the next few weeks to their incredible advantage to lock up great deals on properties to finish the year big and kick off the New Year with a bang!

According to Zillow the holiday period is the best time of year for buying homes and recent data backs up the data firm’s arguments. So it’s time for ambitious real estate wholesalers to load the pipe. Here’s where the advantages lay, and how to capitalize on them…

1. Fewer Competitors

If there is one thing that real estate investors and home buyers have been begging for over the last 11 months and which tops their wish list to Santa, it’s less competition. Fortunately there can be a lot less bidding wars and house hunters in the market at this time of the year; creating more opportunity for wholesalers to get in and get the spreads they want. So get out there and make the offers that work for your criteria.

2. Home Price Dip

An annual home price dip normally comes with fall each year, and can become even more pronounced during the end of year holiday season as fewer buyers kicking the tires gets sellers and their real estate agents sweating. Veteran investors and those that know their real estate cycles know that it’s time to put the blinders to media stats that are tainted by this and push through. Now is the time to get better deals on all of the properties you couldn’t over the last few months.

3. Serious Sellers

Zillow says that when it comes to listing houses for sale this time of year is only for serious property owners. That means the landscape can be less foggy with those just testing the market. It can mean better prices, better terms and faster closings for wholesalers. Another plus is real estate agents can be a lot more desperate at this time of year which can help to fuel things along and put agents on the side of investors versus the sellers.

4. Fast Loan Approvals

Some say that this is also a time when mortgages and loans get approved faster due to less volume in the pipeline. This isn’t necessarily true at big banks where files are constantly handed off between staff headed on vacation during the last couple weeks of the year, but wholesalers can access flash funding for flips in just days with Best Transactional Funding.

5. Networking

While many industry professionals find this a very frustrating time of year due to so many parties and cocktail happy hours and dinners taking people out of the office, those that will win are those that get comfortable with it and use these networking opportunities for warm prospecting and closing more deals.
Rate this blog entry
0 votes