It’s the most wonderful time of the year. And if you’re buying a home during the holidays, it can also be the most stressful.
With everything that’s happening in December, homebuyers could feel a little overwhelmed with the process of buying and moving.
But there are some upsides to moving during the holidays. The following five tips will give you peace of mind that everything will be just fine as you take on this exciting life event of moving into a new home.
Sellers are eager
Just like you, sellers might feel a little reluctant to move during the holidays.
But they might have extra incentive to sell quickly.
A new job opportunity or a major life change that requires relocation could be nudging them to sell. As they hustle to beat the clock, you might have a little extra leverage to get the deal done on terms that lean in your favor.
It’s the holidays for everyone. So when it comes down to the nitty gritty of closing on a home sale, everyone involved will want to get it done as quickly as possible and before year’s end.
Lenders and real estate agents, for example, prefer to have the transactions tallied on this year’s record book. And of course, it sure would be nice to receive that commission in time for Christmas.
This accelerated mindset means you’ll enjoy a faster closing process and more time with your family.
Unbeatable interest rates
Even with the typical slowdown of winter homebuying, interest rates remain historically low.
As a homebuyer, you’ll have comfort knowing that financing a home is as affordable as it’s ever been.
The savings of low interest rates will last for the duration of the loan. Those savings on interest paid will truly add up as the years pass by.
If you plan to furnish your home with new furniture and appliances, you can take advantage of all the holiday sales and discounts.
There are plenty of clearance items and other special offers this time of the year.
But a word of caution: It’s important to be selective especially on financing any major purchases. The last thing you want is to disturb the home financing process.
While it’s true that the real estate market remains red hot, the winter months are also typically the slowest.
Like you, people don’t want to move over the holiday season.
So as you enter the real estate market you’ll have the upper hand of fewer competitors, bringing you extra holiday cheer on the road toward homeownership.