End of Season Part 2: Preparing to buy a home in 2012

In last week’s blog we discussed what home sellers can do during the approaching holiday season to increase their chances of selling their home in 2012. This week, we would like to shift gears and discuss what actions need to be taken at the end of the year to prepare for purchasing a home in the first quarter of 2012.

Historically, February is the 2nd highest listing volume month of the entire year. Many industry experts believe this is because sellers have a propensity to wait to list their property until after the holidays. With that being said, home buyers should be preparing now to ensure that they are ready to move forward with the buying process when they find the home they want to buy. Therefore, one of the best proactive tasks a buyer can do is get pre-approved for their home loan…NOW to prepare for the first quarter home selling season.

Also, it is important to note that in general banks are looking to get their inventory “of the books” by the end of the year. As we enter into the fourth quarter of 2011, you are more likely to find an amazing deal than any other time. It is critical that you and your REALTOR®  practice the due diligence necessary to find these incredible year end deals that are scattered all over metro Atlanta.

In closing, homes  in metro Atlanta are being drastically reduced in price for a “year in clearance” if you will. Now is the time to make sure that you are set up for home buying success by taking the steps to get pre-approved for a loan.  Paige Slyman is an expert is assisting clients in the home buying process. Call him with any questions and to get insight on the best ways to prepare to buy or sell a home.

Give us a call at 770.405.0100 x 222 or email us at slymanfamily@comcast.net.