Reasons to Buy During the Holidays
Although cyclical in nature, the housing market possesses various opportunities for different buyers and sellers all year long. There are times of the year that are more active than others, but there are always going to be houses on the market. So what makes the holiday housing market any different? There are a lot of factors that go into buying a home, and it just so happens that the end of the year is an opportune time to purchase a home in Orange County. If you’re on the fence about purchasing a home before the holiday season is over, here are some reasons that might persuade you to actually go through with it.
4 Reasons to Buy During the Holidays
Towards the end of the year, everyone wants to get that last sale in. And that means everyone that’s involved with the home buying process too. The seller, the agents involved and the lenders all want to close one last deal before year end. That makes them highly motivated to get a deal through quickly, but you need to make sure you have all your ducks in a row first. Having your pre-approval in hand can speed up the process even more.
Buying a home is always fun because you get to decorate it. But it’s even more fun to decorate when everything is on sale, and that’s exactly what happens during the holidays. Obviously, you need to watch your spending and don’t create a ton of debt that you can’t handle. But if you have been preparing to purchase a home, you have probably prepared or budgeted to furnish it with the necessities. Seasonal sales are a great way to furnish your home for half the cost your normally would.
Better Interest Rates
Interest rates are still at historical lows and towards the end of the year lenders are looking to close deals before the end of the year. Rates are still below 5%, and in October they peaked at 4.85%. Depending on the lender you work with at your closing, your rates could potentially be lower than that. Contact your preferred lender or get an idea of what the rates are currently at here.
If you’re a serious buyer, the holiday season is your friend, especially if you don’t want a lot of competition in your way. There is a negative stigma about listing homes during the holidays, but there are still listings that go on the market during this time. Usually homes are priced right during the holidays and heading into the new year when the inventory is still lower. The chances of you getting into a bidding war over your dream home are much smaller during this time of year, so take advantage.
Buying a Home in Orange County During the Holidays
The new year is right around the corner and there are only a couple weeks left to take advantage of all the perks of buying a home during the holidays. If you need an agent to represent you and get you on your path to homeownership before the new year, look no further. With more than 18 years serving the Orange County community, I am confident I can help you close out this year on a high note. Contact me today to find your perfect home before the holidays are over.
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