Boca Mortgage Blog

Why The Holidays Are A Great Time To Buy A Home

December 16th, 2014 4:31 PM by Leonard Silvestri

With the holidays keeping everyone occupied, how could December possibly be a convenient time to list a property?

Sellers listing properties during the holidays may be pressed to sell. Controlled inventories mean less homes to choose from, and a greater sense of urgency to sell homes. Holiday buyers are often serious and motivated by a career switch relocation or an unexpected change in housing. Extra vacation time during the season means buyers have more time during the week to scope out homes.

Because of the general disinterest among sellers at this time of year, for-sale homes are available in limited supply. "Old expires", homes that were for sale years before but never sold, may be available. Interested buyers can call brokers and ask about homes that aren't listed yet, but are being prepped for sale in the near future. Calling the right agents could result in finding hidden deals.

With less buyers in the market to compete with, it may be easier to negotiate a favorable price for a home you're interested in. Making a purchase before the year ends can also be advantageous to taxes, allowing the buyer to deduct property taxes, mortgage interest, and loan points on this year's tax return.

This holiday season could be the ideal time to purchase your new home. If you are interested in buying a home in time for the new year, contact our mortgage experts today.
Posted by Leonard Silvestri on December 16th, 2014 4:31 PM

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