Reasons To Buy A Home At The Holidays

Dated: 11/15/2016

Views: 561

It seems home buying is the last thing on our minds at this time of year, and especially this year, being an election year, and of course we're officially full speed into Thanksgiving and Christmas time. As noted, it SEEMS to be the last thing on our minds, but savvy buyers will know that this is actually the perfect time of year to purchase a new home. Below are a few good reasons why this time of year is the perfect time of year to buy:

1). Less Competition in the Market. With winter weather may come less than favorable weather for buyers to shop for a new home, meaning there may be fewer people looking for homes during the winter and holiday periods. This lack of buyer activity can be a very good thing, lessening the number of offers, further lessening any chances of bidding wars, etc. Lower demand could equate to better bargains and more negotiating leverage for buyers.

2). Serious Home Sellers. Sellers who list at this time of year have a lot on their plate; hoping to enjoy family on holiday occasions, and dealing with the stress of selling at the same time. You may find sellers a little more open to negotiate on price, closing costs, concessions and the like. A very good thing for a home buyer. 

3). Possibility of a Faster Mortgage Loan Approval. This time of year tends to be a more slow time for lenders, for exactly the same reason real estate seems to be more slow at this time of year. 

Fewer loans could result in quicker approval times. A quick closing could help you negotiate a better deal on the home you’re buying.

4). And finally, possible Tax Benefits. Closing by December 31 can mean tax benefits for home buyers, like deductions for mortgage interest, property taxes and some closing costs.

Are you in the market, thinking now is NOT the time to buy? Call us! We'd love to make you a believer! We're in the office and ready for your call at (423) 433-6517. Or, while you're out and about in the hustle and bustle, take a break and stop in for some coffee, and great conversation! We're located inside Keller Williams Realty at 1033 Hamilton Place in Johnson City. Let's mark a new home off your shopping list!

Wes Shields

Wes Shields, Team Owner and Listing Agent for The Shields Team at Keller Williams Realty of Johnson City Tennessee, has a long and very impressive list of accomplishments in his 10+ years in the real ....

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