Top 12 Reasons to Buy a Home During the Holidays
Wow! You'd think, from anecdotal evidence, that no one sells or buys a home during the holidays. Obviously, that's not the case; the housing market statistics show that homes do close during the months of December and January. Here are my top 12 reasons to buy a home this holiday season:
1. Uncertainty regarding loan programs and limits that may not be available in 2009 or after we have a new President in the White House.
2. Because there are less buyers shopping for a home at this time, you may be in a stronger negotiating position.
3. With fewer buyers on the market during the holidays, there may be less multiple offer situations, especially regarding REO properties and Short Sales.
4. The transaction load is lighter for lenders at this time, so your file may be handled quicker, more efficiently, and more accurately. This is true also for Title and Escrow.
5. It's nice to get a feel for a home when it's decorated for the holidays.
6. You may have more vacation or free time instead of having to ask off work to look at homes or complete paperwork, signings, etc.
7. You can show your visiting friends and family your prospective new home.
8. With fewer buyers on the market at this time, it may be easier to schedule inspections, etc., allowing you to shorten a contingency period in exchange for a more favorable price or lock in an interest rate on your loan.
9. You'll be enjoying your new home in the spring as opposed to waiting to move in.
10. January is typically the best time of the year to buy decorating items or home improvement items as the retail industry doesn't want a huge slump after the boom in holiday shopping.
11. If you have kids, they can transfer to their new school at the start of the new semester and avoid "getting behind".
12. What could be a better gift for the family than a NEW HOME FOR THE HOLIDAYS!
1. Uncertainty regarding loan programs and limits that may not be available in 2009 or after we have a new President in the White House.
2. Because there are less buyers shopping for a home at this time, you may be in a stronger negotiating position.
3. With fewer buyers on the market during the holidays, there may be less multiple offer situations, especially regarding REO properties and Short Sales.
4. The transaction load is lighter for lenders at this time, so your file may be handled quicker, more efficiently, and more accurately. This is true also for Title and Escrow.
5. It's nice to get a feel for a home when it's decorated for the holidays.
6. You may have more vacation or free time instead of having to ask off work to look at homes or complete paperwork, signings, etc.
7. You can show your visiting friends and family your prospective new home.
8. With fewer buyers on the market at this time, it may be easier to schedule inspections, etc., allowing you to shorten a contingency period in exchange for a more favorable price or lock in an interest rate on your loan.
9. You'll be enjoying your new home in the spring as opposed to waiting to move in.
10. January is typically the best time of the year to buy decorating items or home improvement items as the retail industry doesn't want a huge slump after the boom in holiday shopping.
11. If you have kids, they can transfer to their new school at the start of the new semester and avoid "getting behind".
12. What could be a better gift for the family than a NEW HOME FOR THE HOLIDAYS!
posted by Allan Domb at
7:31 AM
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