Thursday, November 21, 2013 / by Teresa Dipeso
Black Friday Real Estate Deals at the Jersey Shore; Thanksgiving Weekend Is the Perfect Time to Buy, Sell a Home
Thanksgiving weekend is a time to reconnect with family and friends while feasting upon turkey and pumpkin pie. It is also an ideal time to take advantage of Black Friday shopping deals!
Although it's well-known that Black Friday marks the beginning of the holiday shopping season, it may come as a surprise that it can also be a great time for buying and selling a home at the Jersey Shore. With both buyers and sellers in a deal-making mood, Black Friday real estate bargains may be lucrative. Lenders, looking to make end-of-the-year quotas, may graciously approve home loans to move property transfers quickly.
Buying a Jersey Shore Home Black Friday
Buyers should consider buying a Jersey Shore home on Black Friday because home buyer traffic is generally low in the winter and serious sellers will often get creative to attract a buyer.
Buyers may be able to take advantage of sellers who are motivated to sell before the winter sets in and it’s not uncommon to see prices lowered in November. Sellers may be aggressive with their price reductions over the holidays, dropping the price of their home up to $10,000 in the right conditions. Buyers can negotiate on price or even have some extras thrown in to close the deal, from furniture to big screen televisions.Here’s what awaits Jersey Shore home buyers.
Selling a Jersey Shore Home on Black Friday
Sellers may have an advantage on Black Friday because they face less competition. Since there are not as many homes on the market as compared to spring and summer, sellers may have an easier time attracting serious Jersey Shore home buyers. Many buyers are already in the mood to shop and Black Friday is the perfect time to negotiate a sale.
A recent survey by Realtor.com suggests that buyers are highly motivated on Black Friday to buy real estate. This means sellers may be able to take advantage of the psychology that enters into Black Friday purchases. A buyer might feel that if a purchase isn’t made immediately that the “deal” will be gone when Black Friday is over.
Sellers can also use the holiday season to their advantage. Decorating the home provides a window into the buyer’s future. A warm, cozy holiday atmosphere pulls on buyer’s emotions, making them want to seal the deal and enjoy the home as a holiday retreat. The sights and smells of fresh baked pies and cookies is also a timeless selling strategy to make the house feel like a home for family and friends.
Buyers aren’t the only ones who may benefit from a Black Friday real estate sale. The Jersey Shore real estate market is a lot less crowded during the winter and a homeowner who keeps his or her home on the market through Thanksgiving and beyond may be able to take advantage of buyers who want purchase a home quickly. Even if a seller drops the price of a home to entice Black Friday shoppers, the discount won’t necessarily need to be as deep if the market was crowded by laods of summer real estate.
Making a Jersey Shore Home Deal on Black Friday
Whether a homeowner expects a snowy winter or a mild holiday season, the slowdown in real estate activity is inevitable. Jersey Shore buyers and sellers can each take advantage of special Black Friday real estate deals.
Selling a home when there’s snow on the ground is difficult and Black Friday is one of the last true sales days of the year when selling real estate is a practical option. Many sellers don’t want to deal with the hassle of showing a home when it’s cold outside and buyers are usually concerned with the holiday season instead of touring potential home purchases.
Putting a home purchase on the holiday shopping list may allow a buyer to find a real estate steal and a seller might be able to sell a home before the deep freeze on real estate activity sets in for the season. Black Friday is the perfect time to get a real estate deal at the Jersey Shore.
Call the Jersey Shore Realty Group 609-780-1434 and schedule your appointment to buy or sell a home today. We look forward to working with you!