Should You Buy Real Estate During The Holidays?
So should you? Well, only if you like less headaches and a bargain! Many would be home buyers put the skids on their real estate search during the holiday season. Too much time and stress for most. No need to explain, I get it. But for those who do decide to partake in the real estate market, many great deals can be had in addition to a much smoother process than in the peak real estate home shopping times. Here are several reasons I believe the holiday season can be a great season to be house hunting:
You are in a Far Better Position to Negotiate a Great Deal
There are far less buyers searching for real estate and bidding on homes. This accomplishes two very desirable results: Less buyer demand usually means lower prices and less buyers making offers means a reduced chance of getting into any type of bidding war. Bidding wars can be won but who needs the stress if you can avoid it.
Motivated Sellers
Sellers on market usually fall into the category of every buyers favorite catch phrase “motivated seller”. They are usually on market because quite frankly they need to sell for whatever their reasons might be. This means they may be more willing to negotiate, drop the price, include other favorable buyer incentives, and just be generally more agreeable on the entire process. This is a very different attitude to take than what most sellers might be like during the peak home buying season. Sellers are also motivated to sell in order to claim their tax incentive before the year is up in January.
Tax Deductions
Making your first mortgage payment before the new year means you will be able to take advantage of the tax incentives, especially the mortgage rate interest deduction. Just like Jimmy Fallen says “Who doesn’t like to save money”?
Faster Closings
There are less transactions so expect a much more smooth and efficient process. More lines at Best Buy and Walmart mean shorter lines for you at the underwriter, appraiser, and other entities associated with closing your transaction. This can pay huge dividends in making your contingency period far less stressful.
San Diego Real Estate for Sale
So Should You Buy Real Estate During The Holidays? I would venture to say Yes!
Questions? Comments? Please send them my way anytime.
