"The early bird gets the worm," as the saying goes, and the holidays create a perfect opportunity to avoiding competition, and benefit from lower prices and motivated sellers.
Reason #1: Lower competition means lower prices
During the holidays buyers can take advantage of the low prices this natural lull in the marketing cycle creates. Shopping for a home in the winter months makes you one of the special few spending their time looking at houses.
Reason #2: Serious sellers
Less competition means that people are motivated to sell their house. In the holiday season, buyers are a precious commodity. Sellers know that fewer feet will be treading on their carpet, so this small window of opportunity turns you into a buyer with a serious edge.
Reason #3: Better interest rates on mortgages
The drop in demand to buy a home during the holiday season means that lenders experience less requests for mortgage money at this time. This phenomenon usually manifests itself in favorable mortgage terms and lower interest rates.
Reason #4: Faster closings
Faster closings are historically more available in December, because of fewer overall transactions in the industry. Because lenders want to close their books at the end of the year, they may be inspired to close a transaction more quickly for people buying homes at this time.
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