December may be time to grow your portfolio
Historically, sales in late December and into January tend to be slow compared with other months.
Investors making purchase decisions during this time may find less buyer competition for properties that are on the market and vendors who are keen to finalise a sale before the end of the year.
Sales activity will often drop off around mid December. People have different priorities at this time of year. They are thinking about their holidays, parties and celebrations, for example.
Searching for property is certainly time intensive, and may get put on the back-burner by some. As a result, the close of 2011 may be the perfect time for investors to negotiate a good deal and take advantage of motivated vendors.