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When December sets in, many home buyers decide to get serious about their goal. It is the time for holiday vacations, which pave the way for more time in doing things outside of work. Such activities include research on homes up for sale and home viewings.
Christmas is a time for giving and receiving. As a home buyer, you are prepared to give your hard-earned money in exchange for the home that you want. Below are some of the pros and the cons of purchasing your new home this Christmas:
PROS:
It is the last month of the year. The home seller’s house may not have gotten enough attention early in the year. Since you have finally arrived with interest, the seller could give you the opportunity to negotiate a more reasonable price for your budget.
December is the season for parties and reunions. Many potential home buyers postpone their house hunting during this month, so you should expect less competition and fewer open houses. This leaves you with all the time that you want to view the property that interests you. If the sellers are still in the house that’s for sale, you could get a better idea of how the living space functions.
It is an ideal time to buy a house if you intend to rent it. Once January steps in, you will have a lot of renters inquiring. Anticipate a lot of phone calls to answer once you place that ad online.
Transactions usually finish quickly during this time of year because the sellers want to settle everything smoothly. They, too, want to move into their new home with peace of mind, knowing that their old house has been sold to proper buyers.
CONS:
You might get carried away by the warm feeling you get walking through a house that’s decorated with Christmas ornaments. This might distract you and make you forget about the important details of the home. Despite the festive atmosphere in the house, do not forget to ask the seller important questions. Also, try to get past the decor and look at the house behind them.
Some areas that have high demand during peak home buying months, tend to be pricier. Since there are only a few sellers entertaining potential buyers, there might be much fiercer competition among them. Choose an area that is pleasant but not that exclusive.
Most companies who conduct surveys and property searches usually close during Christmas. It is better to have all the necessary papers ready before the holidays so that all you need to do is pick the house and close the deal.
Buying a home is never easy. It is even more challenging during Christmas if you do not anticipate documents and appointments. Consider buying your next home this Christmas but be armed with the money and the paperwork before you finalize anything. If you’re ready, that house with the large fireplace in the living room will be yours by the end of the year.
Cliff Johnson
Solid Source Realty
(678)495-6050
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