Buying A Home Before the Holidays

As we continue to near the end of the year, we can be enchanted with the joy of a new season. From crisp fall weather to decadent turkey dinners, and from Christmas joy to the promise of a new year, we are truly excited to be back in the holiday spirit.

The holidays may spark something other than joy and excitement – it might also ignite the need for change and something new. If you are considering starting a new chapter and purchasing a new home, we’re here to tell you that now is a great time to buy a home. Most might shy away from buying a home before the holidays, but BSR Realty Group is here to tell you that now is just a good a time as any to take that leap! Here are the pros and cons of buying a home before the holidays:

 

Pros:

Just like with the auto industry, most builders are looking to get rid of their inventory by the new year. This could offer more wiggle room for negotiation since they are aiming to close their books. Other homeowners are also looking to get into a new home before the new year, so they might be more willing to sell their home at this time, giving you the opportunity to strike while the iron is hot.

That being said, because of the holidays, more people are wrapped up in gift-giving, parties, and shopping so there could be less competition for the home you are interested in. Time seems to stop during the holidays, and while most people are busy with the season, you can choose this time to focus your efforts on finding your dream home.

Buying a home before the holidays could also help your wallet as historically interest rates tend to be lower during this season due to low demand. Plus, once you get into your new home, you can take advantage of Black Friday and Cyber Monday sales so you can fill your home with the latest and greatest appliances and items at a reasonable price. You could also ask for these items as gifts for the holidays as well. It’s a win-win!

 

Cons:

While you may have the pick of the litter when it comes to purchasing a home, you might also have some trouble nailing down showings and walkthroughs as people are using busy or traveling during this time. People are pulled in a lot of different directions during the holiday season so this could appear frustrating and even put the home buying process on hold for you, especially if you have a particular home in mind.

Because people are so wrapped up during this time, this offers less inventory to choose from. There just aren’t as many people selling during the holidays, so your options may be limited. It may also take longer to close during the holidays as many lenders and inspectors may be taking time off for vacation. If you have patience and time to spare, the holidays might not be a bad time to purchase your new home. But, if you are in a pinch, you might want to wait until after the new year to start your house hunt.

 

Give yourself the best holiday gift this year – the gift of a new home! Contact BSR Realty Group to get started on the home buying process now!