Should I Go Home Hunting During the Holidays?
Should I Go Home Hunting During the Holidays?
While spring and summer tend to see the most volume of home sales, this does not mean that they are the only seasons to buy a home. There are many pros and cons of buying a home during the holiday and winter season. So, we decided to put together some information for you regarding the myths and facts of buying during the holiday season.
The Myth About Buying in the Spring
Many people think that spring is the best time to buy a home. This is not necessarily true. Springtime can sometimes be the worst season to buy a home depending on your location and the current market. Shopping for a home during the most popular season can bring many setbacks and difficulties that could potentially be avoided during the holiday months.
Spring may be an appealing time for many buyers, but it does come with its fair share of challenges. Sellers tend to mark up their prices when they see a higher demand for their homes. Also, the heightened market can lead to expensive bidding wars and the closing process can last much longer than expected.
Why the Holiday Season May Be a Better Time to Buy
- Homes are priced accurately and priced to sell.
Most of the homes that you will find on the market during the holiday season are ones that are left over from the spring. Homeowners want to get their home sold quickly and will price the home to sell. Houses may also be on sale during this time due to the owners' urgent need to sell. The owner in this case will be willing to compromise on price. - Holiday Spirit Makes People Happier and More Agreeable
People tend to be in a better mood during the holiday season and this will work in your favor when it comes to the price of the home. You may be able to lower the home price and get some extras out of the deal. - There Are Fewer Buyers on the Market
With more people shopping for homes in the spring and summer months, there will be less competition when home hunting around the holiday season. This will give you an edge up in securing the home of your dreams. - More Real Estate Professionals Available
Holiday season is normally the slowest time of the year for home sales, giving you an advantage with your real estate professionals. Your agent will likely have plenty of time to show you houses since they will not be busy with many clients at the same time. Any real estate professional that you need during this time will likely be able to handle your needs fast and efficiently.
Shopping for a new home during the holiday season may be unconventional, but it may end up being the best decision for you and your home-buying needs.
Shopping for a new home? Contact AnnieMac Home Mortgage today to learn about our home loan options. We are here for you no matter what time of year you are shopping for a new home.