5 Reasons to Buy a Home During the Holidays
Buying a home during the holidays sounds daunting, right? You’ve got gatherings, gifts and vacation plans on your mind. Yet, if you know what to anticipate and how to address it, you can make the most of the late fall and early winter real estate market landscape.
If you’re ready to get serious about finding a home you’ll love, here are five reasons why you should consider buying a home during the holidays.
1. Motivated sellers
Are buyers really house shopping during the holiday season? Yes, but some shoppers may be so preoccupied with holiday festivities that they spend less time searching for a new home. That slower market pace can motivate sellers. If their house was recently put on the market, this could mean they don’t have time to waste and need to sell fast. On the flip side, if a property has been on the market for some time, the sellers may be more willing to negotiate a lower price.1 This is good news for you — both scenarios could potentially save you some cash.
2. Less competition
Between celebrations and family gatherings, many buyers put their house hunting on hold during the hustle of the holiday season. That means less competition for you and less of a chance you’ll end up in a bidding war.2 As the number of buyers shrinks, the chances of your offer being accepted increases. Less competition and less stress make end-of-year homebuying a win-win.
3. Quick closings
Just like sellers, mortgage and title companies are motivated to close deals and reach their goals before the new year begins. This can translate into getting your deal done quickly.
4. Easier to hire professionals
One might assume that finding professionals such as movers, inspectors and contractors would be challenging during the holidays. But, as is the case with real estate professionals, demand for their services tends to decrease during the holiday season, potentially making it easier for you to find help.
In other words, with fewer homebuyers in the market, you’ll have more choices and more availability to find the professionals you need.
5. School winter breaks
For most families, timing a move can be crucial to ease the transfer of children to a new school.3 The holidays provide an ideal opportunity to transition to your new residence while schools are out for winter break. Your family will have time to settle in and get ready for the upcoming semester in the comfort of your new dream home.
The takeaway
As you can see, there are many benefits to buying a home this holiday season. Do keep in mind, however, that every real estate market is different — even within Central Texas — so it's important to work with a knowledgeable real estate agent who can provide insights into the local market conditions and help you navigate the homebuying process.
Are you planning to sell or buy a Central Texas home soon? Remember that RBFCU’s preferred real estate partner, Kuper Sotheby’s International Realty, is here to help you move beyond your expectations toward an extraordinary real estate experience.