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December Home Buying

December is an amazing time of the year. The colours are rich, the air is fresh, and everyone is busy planing the holiday events.

A common question I’ve been getting lately from some of my buyers is, “Should I put off my home search until after the Christmas holidays?” That’s a great question and since more than one person asked me the same question this week, I thought I’d write this post as there may be a couple of you out there also wondering the same thing.

Here’s my opinion:

There is never going to be the perfect time to buy a house. Mortgage rates could always be lower, homes could be cheaper and you could always wait a little longer to see how the market shifts. All that being said you’re still thinking about buying a home.

So you’ve been looking for a while now and it’s the middle of November. Should you stop looking since the market is slowing down and everyone is getting ready for the Christmas season or should you continue your search for a new home?

While many buyers postpone their search until the new year and undecided sellers put their listing plans on hold until the spring, Christmas is actually a great time to buy a home and negotiate a good deal!

Christmas is a tonic for our souls. It moves us to think of others rather than of ourselves. It directs our thoughts to giving. ~ B. C. Forbes

It’s true, inventory may be slightly lower as most homeowners prefer to wait in order to list their home however those who are selling in December are very motivated to do so whether it be for financial reasons or job relocation. These homes are priced to sell!

You see, the Christmas season is known for social events, family dinners and very busy schedules entertaining guests. The last thing you want on your mind is making sure your home is perfectly clean and having to leave your home for hours at a time on short notice to allow for showings.

This is exactly why if you’re on the hunt for the perfect home you may want to look twice as hard during the Christmas holidays. Any of the active listings during the month of December means the sellers are seriously motivated to sell.

Furthermore, since many buyers have put their search on hold until after the holidays, you have less competition when it comes to putting in offers allowing for more negotiating powers when it comes to price and you’ll have a better chance at getting the closing dates you want.

So go ahead, call your realtor and let them help you buy your dream home this Christmas, after all we both know you deserve it! 🙂

 

Are you a first time home buyer? Here is a great article about: Advice For The First Time Home Buyer