Are you planning on buying a home during the holidays but you’re not sure if you should wait after January 1st until you resume your home search?
Even though many buyers and sellers postpone their Real Estate goals until after the first of the year, the reality is that December can be a great time to buy a home. Why? Homeowners who have already listed their homes, or are planning on listing them in December, are motivated and want to sell.
Reasons Why Some Homeowners Sell Their Homes During December
Why do some homeowners list their homes for sale during December when most people are planning celebrating the holidays or going on vacation? This can happen for a variety of reasons; we’ve seen many homeowners sell their homes during December over the years because they took jobs out of state, or were transferred out of state by their employers.
Other homeowners list their homes for sale during December because they like the fact that their home will not be in competition with many other homes for sale in SoCal and less competition means that they may be able to sell their house faster than another time during the year.
Connecting with a motivated seller means that there’s a strong possibility that you may be able to take advantage of a great deal if you choose to buy a home during December.
Take Advantage of Great Interest Rates
Another great reason to buy a home during December is that interest rates are doing really well right now and as a buyer you should want to lock in a low-interest rate before buying a home.
Locking in a low interest rate can potentially save you tens of thousands of dollars during the lifetime of your mortgage loan.
If you’re in a position where you’re qualified to buy, you should know what you’re searching for in a home, and have strong employment, you shouldn’t hesitate to buy a home during December.