4 Advantages of Buying This Holiday Season

The holiday season is usually a time for gatherings, partying and spending quality time with family and friends. However, there are people who like to take advantage of the holidays to buy a home. Here are the benefits of deciding to buy a home during the slow season.

1. Less Market Activity
   Family, school and work activities during the holiday season lead to fewer real estate transactions. Fewer people are looking to buy houses, therefore there is less competition which gives the buyer leverage over his or her preferred house. Holiday home sellers often have to adjust their price downward or make other concessions if they want to sell.
2. Motivated sellers
   With very few buyers, sellers compete with each other to get your attention. Winter sellers are also more motivated to sell due to special circumstances, like job relocation or divorce. You may be able to use this urgency or special circumstances to your advantage.
3. Better Interest Rates
   Generally, we can see a cyclical trend of lower interest rates during the holiday season. This is also one of the effects of limited demand forcing greater and fiercer competition among lenders.Buyers should be able to see better interest rates around the holiday season compared to the times immediately before or after.
4. Faster Closings
   All parties involved in the transaction are more motivated to close faster towards the end of the year. Lenders want to close their books, real estate agents want to receive their commissions before the year closes, and buyers and sellers want to settle in their new homes. It is easier to put everything in place for a smooth and rapid closing because all parties are motivated.