3 Benefits of Holiday Home Buying

Holiday Home BuyingDecember is a month of family, celebration and... home buying?

Purchasing real estate is often not in consideration for many this festive season. Unbeknownst to many, December is a great month to buy a home, according to market experts.

What are the benefits? Here is some great insight into holiday home buying, adapted from Zillow.

1. Sellers Are Motivated to Sell

There's the potential for substantial price benefits to be gained by working with a seller this time of year. Homeowners who are listing during the holiday seasons are usually more motivated to sell, as displayed by keeping their property listed on-market in a historically challenging month.

Motivated sellers are almost always ready and willing negotiators, which works strongly in your favor. Work with your agent to learn as much about the seller's motivation as possible. Is their eagerness based upon a home sale comtingency on their next purchase?

These are significantly powerful contributing factors which can work in favor of your desired price point.

2. Less Market Competition

Bidding wars have predominated in the market over the past few months, working in the favor of the seller. However, even the most motivated of buyers often dwindle during the holiday season, leaving the market open and less competitive. You gain negotiating power during the holiday season for this reason alone.

3. Lower Rates

This is specifically true for this December of 2014. Rates are at a historic low right now. However, statistics show that this may not last. We can anticipate higher rates going into 2015, which can make or break homeownership for many prospective buyers.

Acting quickly will benefit prospective homebuyers, particularly during this home buying season.

Questions on the home buying process? Don't hesitate to send us an email or give us a call! We'd be glad to help.


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