December is usually when people are looking to deck their own halls—not buy new ones. But buying a home in December and January can be a smart move.
Michael Corbett, a real estate expert and a bestselling author, is a big fan of the holiday season, what he likes to call “the lull.” He says that savvy home buyers should take advantage of this time if they’re serious about buying.
Corbett explains why the holidays are no time to take a long winter’s nap if you want to buy a home.
Reason # 1: There isn’t a lot of competition. People know they’re going to be busy or traveling during the holidays, so most deals have been wrapped up or people have put off looking until after the New Year. There are still homes on the market, but not as many people gunning for them. This is an advantage to both buyers.
Reason # 2: Sellers are motivated. These are likely the homes that for whatever reason didn’t go during the peak season. The sellers will want to get the deal closed, especially for tax purposes. For a lot of people, it’s mental. It’s the end of the year and they want to tie up loose ends. This is an advantage for buyers, especially if there are points to negotiate.
The above article was written by Pauline Millard and was obtained from www.forbes.com.