Is buying a home during the holidays the right option for you? Alexis Nickley breaks down why the holiday season is a great time to be in the market for a new home. Here are three reasons you should plus a bonus tip at the end.
Should you buy a home during the holidays?
Reason 1: Less Competition
Most northern states go through brutally cold winters making the home buying process unbearable. Nobody wants to decide on a home purchase while fighting the cold, snow, and busy holiday season. For these reasons across the country, you can see less competition in the buyer’s market. In Florida, we do not have the cold winters but many are busy visiting family and celebrating the holidays with their family. It is not the easiest time to move for families.
However, if you are in the position to be able to move during the holidays, now is a great time. Since most people do not want to move during the holiday season, we see significantly less competition in the market. In the last year and a half, since the pandemic’s start, most properties are receiving 20+ offers on them. The market has been so competitive. And while inventory is still very low, giving properties still a high number of offers, buyers are less aggressive during this time of the year.
Reason 2: Serious Sellers
If the sellers are listing during the holiday season and willing to move during this busy time of year, you have a very serious seller. Having a motivated seller makes them a little easier to work with. Maybe they are moving for a job and have to be in a new city or state by the new year. They are more likely to make the transaction a lot easier for both parties.
Reason 3: Interest Rates are going up!
We have been saying this for quite some time now, but interest rates are rising in the upcoming year. We want to ensure that our buyers are getting the best ‘bang for their buck’ when using financing. A slight difference in your rate can completely change the price point you are looking within. Tom Nickley recently made a video with his two cents on the topic of buying now and how interest rates will be changing.
Bonus Tip: You get out of hosting for the holidays!
We love the holiday season but it can be very stressful when you are the host. You don’t have to stress over the food, the decor, or the clean-up (before and after). So while buying a home during the holidays can be stressful, at least there are no expectations of hosting the whole family over.
If you want to make a move this holiday season, our team of experienced buying and listing agents are ready to help. Give us a call at 407-906-2456 to set up a free consultation with one of our agents.