Aside from the logistical issues associated with "closing" moving in the last week of December, buying a home for the holidays maybe JUST the right time.
Who wants to put up all those decorations, and fight crowds of people at the mall jostling for parking stalls, when you can scoop up a great deal during the Christmas Holiday break anyway. Besides REALTORS® don't really ever take breaks. What are some of the key benefits of buying a home in December? (psst sellers, check out this blog for some key tips)
Less competition from other buyers.
The dream home you have your eye on is available for you to make a no-pressure offer, without a bidding war.
Houses look and smell pretty.
The smell of fresh baked cookies, which if we're lucky the seller strategically left them out for us to snack on. Combine that with typical seasonal scents like cinnamon, spruce or pine tree and it's a delight to walk through. Well perhaps the odd house looks like the kids went crazy and it's a tornado disaster of tinsel and paper, but for the most part, homeowners have great pride in dressing their home up for the holidays and it shows.
Can you get a boxing day deal? Statistically speaking the average median sale price does tend to be lowest in December. The rationale behind that, sellers are more serious. Sometimes sellers will put their home on the market and "I'll only sell if I get MY price". In December, the seller's are committed to selling. They want to make a deal. Combine that with less competition from other buyers, and you can write an offer that is not competing while maintaining your usual conditions and terms that are favorable to your interests.
Other reasons to go house shopping and buy a home over the holidays?
REALTORS® are less busy. If you're wanting to ensure your real estate associate has enough time to devote o your needs, December can be that matchmaker.
Who knows where interest rates will be in 2018? It's not going to be cheaper or easier to get a mortgage, that I'm confident about.
Can you get a home inspector in on the time you need? More than likely, December is also the best time to schedule in other service providers.
So You can stay home, bake, clean the house for the in-laws and have quality family time, or find the ideal dream home this holiday season. Click here to start your home search.