Buying A Home During the Holidays? | ProWest Properties
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Should You Buy A Home During The Holidays?
Yes, yes you should.
Christmas cookies, eggnog, and keys to a new home? Yes, buying a home can be harder during the holidays, but there are many reasons why buying a home now may bring you some extra holiday cheer.
Here are five reasons you should start your HO-HO-HOme shopping this month:
Motivated Sellers
People selling their homes during the holidays are typically very motivated to get going. It could be that a servicemember is PCSing to a new installation, or they need the money from this sale to buy their next home. Or, maybe the home has been on the market for a very, very long time and the sellers just want to move on. In other words: these sellers want the home sold, and they want it sold now.
Lower Prices
You may not have to worry about inflated home prices in December. Typically, the last month of the year has lower home prices compared to the rest of the year. For example, the California Association of Realtors mentioned that December’s statewide median home price was $557,600, down 0.5 percent from November 2018 and up 1.5 percent from December 2017. There’s no guarantee that this year will continue the trend, but there’s a good chance you’d be
Faster Closings
Do you want to work during the holidays? No. But the REALTORS and real estate professionals at ProWest Properties will go the extra mile for you, even over the holidays. In fact, both lenders and REALTORS will move mountains to get the sale finished by the new year so they can include them in that year’s books. In other words: your team will go above and beyond to make your closing as smooth as possible.
Low Winter Interest Rates
It’s been a fantastic year for mortgage rates, and December should continue to deliver serious value. Typically, mortgage rates are lower in the winter. Today, rates are in the low 4%, which is significantly lower than last year. Comparing late 2018 to today, mortgage consumers are saving over $120 per month on a 30-year fixed, $300,000 mortgage.
Related Seasonal Sales
Between Black Friday, Cyber Monday, and the lead up to Christmas, there are ample opportunities to fill your new home with updated furniture, appliances, and electronics. Just be careful not to open new credit cards or take out a line of credit, which can affect your mortgage rate.
