Fall and Winter are Great Times to Buy Investment Properties

[Alan Walker]

As we move into the fall and winter, market inventory increases and homes tend to sit on the market longer and fewer homes sell. This can be a great time to buy investment properties. Sellers are often more amenable to negotiation in these circumstances since many of them need to sell for one reason or another or they would wait until Spring to list again.

Below is a chart (based on Utah MLS data for Salt Lake County), shows that October and December are the two best months in the fall to buy. For every home sold, there were 2-3.5 active properties on the market. There are typically fewer buyers and they have more options when choosing a home.

Investors, what’s been your experience in purchasing homes in the fall and winter?