Vail Daily column: Is Thanksgiving a good time to purchase?
I will be coming to Vail over Thanksgiving and will have the pleasure of staying in the area, off and on, until the end of the year. I have decided that I am going to take some of my invested money and finally buy here, since I love it so much. My question to you is, do you think that this is a bad time of year to look and purchase? Do you think most sellers wait until after the holidays to list their homes since they don’t want to be bothered with showings when they have guests and family in town? I would like as much selection as possible, so I am thinking maybe I should try to wait and come back in February? I just would like some insight into how the sellers think here and if this is a valid concern. Looking for some sound advice.
Dear Questioning Buyer,
You bring up several interesting points buyers need to think about. As each area in the resorts and valley have their own nuances, I am going to say right off the bat that you need to have a great agent that is knowledgeable in the area(s) you think you might like, and one that will work in your best interest to find the best home, price and terms for your wants and needs.
PONDER THESE THINGS
Here are the things I think you should consider:
• Properties that are on the market now and/or are coming on the market before Thanksgiving are usually sellers that want to sell. If they wait until after the holidays to list, then they often are not nearly as motivated to sell, which may mean they will list at a higher price and may be less negotiable with offers that are made.
• If you look soon, you may find a seller that would very much like to close this year for tax reasons and will therefore be more negotiable on the price if you have the ability to do a quick close;
• Since you apparently have a place to stay for the holidays, you could make a purchase offer on a property and allow the sellers to stay through the holidays to make your offer look more attractive. I guess it depends on what your sense of urgency and your desires are.
If money is not the most important object, then have your agent show you what is available online and look at anything that might work well for you. If you do not find anything that you like or that fits your criteria now, then go ahead and wait and see what new listings appear, as the season goes on, that might be of more interest to you.
If your Realtor is seasoned and really knows the area, then they may know of someone waiting to list or may be needing to sell soon. Connections and timing can be very important! Basically, we Realtors believe there are opportunities at every time of year if you know what to look for. Best of luck to you.
Joan Harned is an owner and broker for Keller Williams Mountain Properties and heads up Team Black Bear, her own real estate team. Harned has been selling real estate in Eagle County for 27 years, is a past chairman of the Vail Board of Realtors, past Realtor of the Year, past director on the Great Outdoors Colorado Board and a member of the Luxury and Land Institutes. Contact Harned with your real estate questions at Joan@TeamBlackBear.com, 970-337-7777 and http://www.SkiAndTeeHomes.com.