Why Buying a Home During the Holiday’s Can Benefit You
This holiday season, treat yourself to a home. I have found a few great reasons why buying a home during the holidays can benefit you. When you start writing out your Christmas list, don’t be afraid to add a home to the top of the list. You may have to rearrange some of your holiday festivities so you will have time to choose the perfect home, but if you can work out your time and find a good real estate agent, you can find your dream home in time for the holidays.
Usually the holiday season causes the real estate industry to slow down. However, that doesn’t mean that home sellers are not eager to sell their homes. Along with social events, parties, and end of the year work, sellers will still let you come in take a look around. It’s a great time to see you’re a fit for the home or if the home is a fit for you.
Mortgages also slow down when real estate does. Therefore, this is an even better time to get a low rate mortgage. And, there’s the benefit that your loan could move through the whole process faster. The slowdown of people buying homes really helps move things along during the holiday season.
Many people believe that there are not as many homes on the market during the holidays. But, that is not always the case. If a seller has their home on the market before the holidays, most aren’t going to take it off the market for the holiday season. It’s the sellers who keep their homes on the market during these months that are the serious ones. And, in some cases you will find sellers with tax reasons to help motivate them to sell before year’s end.
You will also find that home prices are generally lower during the holidays because reports show that home appreciation slows in the fourth quarter, which makes homes more affordable. Home prices will start to rise again in the spring. You also won’t find as much competition from other buyers during the holidays. Fewer buyers mean more inventory for you to choose from.
Start your shopping of in the smartest way possible by making your list and checking it twice. Write down what you really want in a home and what you must have. Make sure you carry your list with you when you look at each home and you’ll find your dream home in no time.