While it might seem counter-intuitive to put a big-ticket item … like a house … on your holiday shopping list, it actually makes a lot of sense! While everyone else is hitting the stores to snatch up the best holiday discounts, you can make the purchase of a lifetime!
Here are 5 reasons why it’s advantageous to purchase a home for the holidays:
#1) Less competition from home buyers
What is everyone doing come holiday time? You guessed it! Celebrating, attending parties, hosting family and friends and all the other frenzy associated with the season. This is a bonus because fewer buyers are in the market to buy real estate this time of year, so the stress of competing with multiple offers isn’t an issue.
#2) Motivated home sellers
As mentioned in #1, there might be less competition on the market, which makes sellers more flexible and open to negotiation. Most sellers have a compelling reason for putting their house on the market during the holidays, whether it’s due to relocation or perhaps just wanting to utilize a tax deduction for this calendar year if the property was a rental.
#3) Tax advantages
Not just the sellers might be looking for a tax break before turning over a new year. Tax benefits go both ways! Purchasing your home before the end of the year allows you numerous tax perks, (i.e.: deducting mortgage interest to property taxes).
#4) A realistic picture of the house
Ever notice how most real estate pictures are cheerful with lush gardens and the house is radiant with sunlight? Not to say a home might not be during the winter season, but you will get a more realistic impression of the house during colder weather. This gives you an opportunity to notice conditions that might not be noticed, such as leaks, heating issues or warping to the floors, walls or structure.
#5) Greater accessibility to professionals
In the Real Estate Business, things tend to slow down by December. You’ve hit the jackpot when it comes to accessibility to Realtors, Movers, Inspectors and Brokers! Your real estate professionals will be bending over backwards to help you close before the end of the year. There’s no better present than a new house to call a home!