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Traditionally, real estate sales tend to lull in the winter season - between Thanksgiving and New Year's Day. Records have noted that this period is the toughest time of year to sell a home since the majority of prospective buyers are involved with holiday activities and are willing to postpone buying their dream homes until next year. Also, many sellers take their properties off the real estate market so they too, can concentrate on holiday activites.
However, this period in 2004 may be NOT a good time to take your house of the market. Home mortgage interest rates are continuing to remain low as home sales for 2004 remain strong, carrying a momentum that is expected to continue through the holiday season.
Real estate agents all across the country believe that motivated sellers might be given a special opportunity this season. There will be fewer than normal properties listed for sale, and the few buyers in the market usually are highly motivated to purchase.
As a seller, the limited supply of competitive homes available in many communities might allow you to receive a higher purchase offer than expected.
Also, buyers often want to close their purchase before the year ends so they can get extra itemized income-tax deductions for mortgage loan fees, interest and pro-rated property taxes.
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