Thursday, December 1, 2016

Buying A Home During The Holidays


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2017 is only weeks away and you still haven't made home ownership a reality.  If you found it challenging getting an offer accepted during the summer months, then buying a home during the holidays is definitely less challenging.

 June thru August is considered a "seller's market, so purchasing a home during the summer months is very competitive.  The Federal Reserves  compiled data showing that the most popular time to buy a home is during the summer months as it's when kids are out of school, the weather is perfect and curb appeal is bliss.

December thru February  could possibly be the best months to find  the best "bargain" in the housing market.    A seller seeking to sell a home during the winter where daylight is shorter,  is a "motivated seller".    A motivated seller is more likely to contribute more towards a buyer's closing cost,  more likely to pay a "decorating allowance and or is more likely to accept a discounted offer.

 A motivated seller is more likely  to discount the list price to a "short sale" negotiation during the winter months as the average home buyer usually buys a home during peak "home buying" season.  Beware that buying a short sell usually means buying the property in it's "as is" condition.

What ever the seller's reason's for selling, don't be the average home buyer and wait until after income tax returns .  If possible; make you offer now, during the winter months or over the holidays - it could be to your advantage.







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