Plodding Pace of Year-End Deals

Hurry Up and Wait

If you're a prospective home Buyer who initiates a deal just before Christmas -- especially if it's a bank-owned property -- you're likely to get everything wrapped up a week into the New Year (if you're lucky -- I've got one in progress now).

If you're a Buyer who initiates a deal after the 1st, you're likely to get everything wrapped up . . . about a week into the New Year (if you're lucky).

Which is a pretty good case for just waiting until after the 1st.

That's especially true for first-time Buyers, who typically have the hardest time waiting to find out if their offer has been accepted, rejected, countered, etc.