Some Benefits to Investing in Real Estate in the Colder Months

Buying real estate during the winter months can provide some tremendous benefits for real estate investors. According Than Merrill – real estate investor and educator, “While summer and spring have earned the right as the most active time of the year for real estate investors, those that take advantage of the winter months could be in for a big surprise.”

One of the biggest advantages is that sellers who listed their properties during the summer months are often worn out by the time winter rolls around and their home is still listed. This puts investors in a great position to negotiate and strike a deal at the lowest price point. Here are some other advantages to investing in real estate during the winter.

Far Less Competition
Many people consider fall as the off-season for real estate. This leads to far less competition for investors during the winter months and narrows the field of motivated sellers that are working with multiple potential investors. For the most part, investing in real estate during the winter eliminates the hassle of bidding wars and clears the way for smoother negotiations.

Cheaper Prices
Studies suggest that home prices usually rise around 3 percent on average each year and most of the gains occur during the spring and summer months. Studies also suggest that prices tend to fall during the winter months, which makes it easier for real estate investors to find properties at their lowest price points during the year. With more desperate sellers than there are buyers during the winter months, it only leads to one thing, even cheaper prices.

Bank Inventory and the Winter Months
Many successful real estate investors know that the winter months are a great time to buy investment properties from lending institutions. Lenders want to clear out their inventory of bank- owned properties by the end of the year. Banks are not in the business of selling properties, and they certainly do not want to spend the extra money it costs to hold foreclosed properties. For …

Brooklyn’s Navy Yard has been known for years as an intimidating place to people who pass by. It has an extraordinary story behind it because it was established back in 1801, giving it over two hundred years of history. The idea of knocking down all of the old buildings just seemed absurd to the voluntary development community, Navy Green. Instead, they are planning to revamp Brooklyn’s Navy Yard to make it more appealing to the eye, as well as to attract people to the area for multiple different purposes.

Real Estate

Right now, if you try and search for real estate in the Brooklyn Navy Yard you will come up with absolutely nothing, but that is going to change over the next few years. The Navy Green megaproject plans to build up to twenty-three townhomes, and the first ten, although they are not fully developed are on the market now for purchase!

Over the next few years, there are going to major steps to reinventing the Brooklyn’s Navy Yard. The first major addition is the development known as Navy Green, which is a $146 million dollar housing complex that offers affordable apartments. The development corporation is also planning to remove some of the walls that make the Brooklyn’s Navy Yard seem so closed off from the rest of the community.

Shopping Centers and Eatery

Wegmans Supermarket was one of the first stores to be approved to build in the Brooklyn’s Navy Yard. Which any who has visited New York knows about Wegmans, which is a family owned shopping market which offers a wide variety of food, home goods, and clothing.

Another business that is going to open its doors in 2018 is the Brooklyn Brewery. Brooklyn Brewery comes out of Williamsburg and is now expanding its roots in Brooklyn.

Mast Brothers chocolate is also opening a 65,000 sq ft factory and brewery as well, which will bring chocolate and beers to visiting patrons.

Russ & Daughters also plans to allocate a spot in the Brooklyn Navy Yard. It is a huge manufacturing center and retail shop which …