Top Six Reasons for Buying a Home During the Holidays

The holidays are just around the corner. Chestnuts are roasting, and lords are leaping. It’s a busy time for most people as the events and gatherings fill up their days and evenings. In spite of how busy this time of year is, buying a home during the holidays is one commitment you may want to add to your calendar.

The holidays can be an excellent time to purchase a house. Seriously. That may come as a surprise, but buying a home at Christmas can be one of the best decisions you will make. With all the hustle and bustle of the season, it may feel like the worst time to attempt something as big as buying a home. But the savvy house hunter finds that crucial factors work in their favor over the holiday season.

Getting a home loan

If you are considering buying a home, don’t let the season stop you. The experts at TwinCity Lending have all the tools you need to get a home loan no matter the time of year. It is essential to understand the home buying process in general and make sure you set yourself up for success when buying a home during the holidays.

Home buying during this time of year creates some challenges. But it also offers fantastic benefits. You may be surprised by these six perks to house hunting in the offseason.

1. Not As Many Buyers Competing With You

Probably the most significant advantage of buying a home during the holidays is that most people don’t do it. Typically, the housing market is much brisker in the spring and summer months than it is November through January.

There are many reasons for the downturn in buyers during the winter:

  • inclement weather 
  • hectic schedules
  • travel plans
  • mid-year school changes

Whatever the reason, fewer people shop for homes during the holiday season. This slow down is great news for you if you are buying a home at Christmas. So as others busy themselves with silver bells and sleigh rides, you can take advantage of the lack of competition. You will have an excellent chance of getting into the home you want during the holidays.

2. Sellers Are Highly Motivated to Sell

Buy a home during the holidays

With fewer buyers in the market, sellers are looking to please you and woo you. Many people who put their homes up for sale during the holidays are eager for the process to happen quickly. They may want to be in a new home of their own before Christmas, making them quick to negotiate in your favor.

You are likely to get a more favorable deal on a property during the fall and winter. You would probably have to pay more if you were to buy the same home in May or June. Since these months are notoriously difficult for sellers, it may mean that they need to sell and move quickly for some reason.

While it may not be good timing for them, it could be excellent timing for you. Be sure you get preapproved for your home loan to help things move even more quickly. Your TwinCity team can help you prepare.

3. A Need for Speed

For various reasons, many people involved in real estate transactions like to finish everything before the new year begins. Sellers may need cash quickly or want to move before Christmas arrives. Buyers may want additional tax deductions for the calendar year. Real estate agents might be looking to meet a personal year-end goal.

This desire for speediness could mean a faster closing process for you. Sellers may not quibble over repairs and the sale price so that everything will move faster. 

When you work with TwinCity Lending, we can usually close within two weeks once we have your loan application and all of your documents in hand. The holiday season is a motivating time. Everyone is eager to get things done so they can move on to the festivities and family gatherings.

4. Lower prices

Isn’t everyone looking for good deals over the holidays? Black Friday, anyone? Winter months historically have the lowest property prices, so buying a home during the holidays is great for bargain hunters. And when you add motivated sellers to low home prices, you get a perfect market for eager buyers.

Save money buying a home at Christmas

In addition to lower home prices, you may find that related services are cheaper too. The holiday season is a slow time of year for painters, handymen, and movers. You may be able to find an amazing deal from someone who wants to fill their work calendar.

5. Eager Real Estate Agents

Realtors are just as eager to earn a living at Christmas as any other time of the year. Since it is a slower season for them, your agent may not have as many clients to juggle as they usually do. They will be able to give you a lot of time and attention. And they can move quickly to get you under contract on the home of your dreams.

6. Year-End Deals

Furniture, flooring, and so much more tend to go on sale at the end of the year. Stores need to clean out inventory, and they want to make you a deal. Buying a home during the holidays can mean that you can find end-of-the-year sales on everything you need for your new house.

TwinCity Is Your Lender for Buying a Home During the Holidays

Clearly, there are plenty of reasons for buying a home at Christmas. It is not always a simple decision, but the benefits of holiday home shopping are fantastic. You will have less competition and save money. It’s a great time to be a buyer.

So if your schedule allows and you don’t mind some winter weather, consider trying out the holiday real estate market. Buying a home this time of year could turn out to be one of the smartest decisions you will make. 

New home at Christmas

Your TwinCity Lending team is here to get you home for the holidays. From filling out your loan application to closing on your new house, we make sure the process is smooth and painless. Reach out today to get started.

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