Should you shop for a home during holidays?

by | Dec 15, 2022

With so much going on during the holiday season, who has time to buy a house? Yet, buying a home during the holidays could be an unconventional strategy that may get you ahead.

It might be hard to believe, but it’s possible to take advantage of today’s market. Here are some reasons why this holiday season could be the time to move in on a home of your dreams.

Fewer buyers

Some would-be buyers are in hibernation this time of year. As a result, the real estate market is less crowded. As demand subsides, the chances of your offer on a home being accepted may be higher. Home sellers are also aware of this wintry dynamic. They may be unlikely to list their home given the lack of competition. Their eyes could be set on spring, and prospects of a larger pool of homebuyers. So, if they do decide to list during winter, it’s more likely that they are well motivated and in sell-now mode  – which is another leg up to the homebuyer.

Discounted home services

The industry’s support service providers also experience a lull to their business this time of the year. Movers, inspectors, contractors and others with a professional lane in real estate might be more inclined to offer specials and discounted rates in the winter months.

It’s also less of a hassle to hire them during the holidays, which may help homebuyers save on time in addition to money. Since it’s not the typical season for home buying, this is another financial perk homebuyers may be able to count on if they decide to buy in the coming weeks and months.

Faster closing

Most people engaged in the real estate business right now want to get a deal done fast. Motivated sellers, for example, will work with real estate professionals to speed things up and might even make concessions along the way. Real estate agents, for example, might heed to their clients’ urgent schedules. And because it’s the holidays, they also might want to get off the hook and move forward with expediency wherever possible.

If you’re looking for an accelerated timeline to your home purchase, this could be the time to get it.

Greater flexibility from agents

Homebuyers might have better luck finding a real estate team to get them across the finish line. Since demand is not in peak, agents could have a little extra room to guide you through process. And if you’re entering the market to buy a home during winter, the real estate team knows you mean business and should be more than happy to help fulfill your holiday wish of becoming a homeowner.

If you need any help with the loan side of the purchase during the holidays, we can help! We would be honored to partner with you. Contact us today to learn more.