The holiday season is just around the corner, and with everything that goes on this time of year, you may think that buying a house right now would be crazy! But really, there are a lot of reasons it makes sense to buy a house at the end of the year. So, if you’ve been contemplating the purchase of a home, but thought you should put your search on hold, here are some reasons why you should consider the holidays a great time to buy!
- THERE IS LESS COMPETITION
Since many people probably think this is a bad time of year to buy a home and move, that means there will be fewer buyers and fewer people making offers on homes. You might get a great deal if a seller needs to be out of their house by the end of the year and you are the only one making an offer!
- MOTIVATED SELLERS
Let’s face it… nobody really wants to move during the holidays. But sometimes it can’t be helped. It’s likely that people who are selling their home over the holidays are highly motivated to do so. If you have a motivated seller combined with less competition from other buyers, chances are you are going to get a great deal on a home!
- MOTIVATED AGENTS
With less activity in the market this time of year, Realtors will be dealing with fewer clients. This means they will have more time to devote to you and your search for the perfect home. Also, getting a sales commission before the year’s end is sure to be a motivating factor in bringing your purchase to completion.
- LOWER PRICES
Some people drop home prices when selling during the holidays. This goes back to that “motivated seller” who really needs to move before the end of the year. Historically, December has lower home prices than any other month. There is no guarantee that home prices will drop, but it’s worth talking to a professional Realtor about the local market.
- FASTER CLOSINGS
Generally, all the people involved in a real estate transaction want it done before year’s end. As a buyer, you want to be settled in your new home and sellers certainly want to be moved and in their new homes as well. Lenders want to include the loan in their current year’s books. And Realtors want to include their commissions on the current year’s income. If you do your part and have all your paperwork in order, your closing will be as quick and smooth as possible.
So, the moral of this story is…if you’re thinking of buying a house, you don’t have to wait! Now is a great time to buy! If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!