6 Reasons to Buy During the Holidays

While most people are busy with the hustle and bustle of the holiday season, buying or selling a home might be the last thing considered. However, there are some factors that make this time of year, a great time to make a real estate move. Here are 6 Reasons to Buy During the Holidays:

Motivated Sellers: Although, it is true that during the holidays, there are less people looking to buy or sell a home. However, the sellers who do have their homes on the market tend to be highly motivated and have a strong desire to sell their property - which puts you in a fair negotiation position.                                

Less Competition: Typically homebuyers are looking to move during the warmer months or to accommodate the school year schedule. If you decide that this time of year is as good as any to buy home, you might find less competition to deal with.

Cash Talks: While you have no doubt worked hard to save up your cash down payment, the holidays can wreak havoc on your home buying budget. If you consider buying a home during the holidays, your hard-earned cash down payment will be put to better long-term use.

Better Choices: With less competition and highly motivated sellers, you may find that the homes you have to view are at the top of the market place, not only in price but amenities and condition. A home you might have not seen because of higher inventory or because of multiple offer situations, might just be the ultimate home of your dreams.

Borrowing Money with Better Terms: During this time of year, the lenders and mortgage companies tend to be a bit slower as well, which increases your chances to negotiate better terms for your loan. You’d be surprised how many lenders will offer lower rates or special incentives for buyers looking to buy a home during the holidays.

Tax Benefits: If you purchase a home before December 31st, you are eligible for a variety of tax deductions and write-offs. You should consult a tax professional to learn what is available in tax benefits for purchasing a home.

If you or someone you know is thinking of buying a home or considering a sale, please contact Nate Martinez today.