10 Reasons You Should Shop for a New Home This Holiday Season
This entry was posted on Dec 18th 2017
You might have heard that the holidays are not the best time to list or shop for homes because everybody is too busy celebrating with family and friends to pay attention to real estate. But if you want to buy a new home in Gainesville, don’t let the approaching festivities stop you. These 10 reasons to buy a home now go beyond that first instinct to show you why real estate shopping this holiday season may be a good idea.
Upgrade Your Holiday Parties
As the holidays approach, you might worry that you don’t have enough space in your current home to fit all the decorations you want to display or loved ones with whom you want to celebrate. Take this as a sign to search for homes with open floor plans and spacious kitchens and living rooms that will allow you to manifest your love for hosting and throw the best parties next holiday season.
Relocate to an Eventful Neighborhood
If you’re bored at your current neighborhood, the holiday season is the perfect opportunity to look for a more lively area where you could have plenty of things to do. Picking a home in an area full of retail stores, restaurants and professional services, such as Haile Plantation and the Tioga Town Center, may not only keep you entertained but also make your life easier when shopping for gifts.
Start the New Year With Excitement
Why should you wait until next year to start reaping the benefits of buying a new home? Making plans to decorate your home, provide more space for a growing family, or invite friends for a good time is more exciting when you have tangible access to a place. If you make your purchase or move in near the holidays, you will welcome the new year feeling productive and motivated to make your new place feel like home.
You might not find as many Gainesville, FL, homes for sale around the holidays as you might see during spring or summer. But don’t get discouraged! In many cases, people who do choose to list their homes near the holiday season are motivated to sell them as quickly as possible and more inclined to give you a good deal. So, you are likely to find homes priced to sell if you shop near the holidays.
Less Competition in the Market
Instead of following the crowd’s decision to ignore the market during the holidays, going against the grain may give you the advantage of clearance prices. Simply put, less competition reduces the likelihood of bidding wars and gives you more leverage to negotiate the prices of homes with sellers.
Have Your Agent’s Attention
Although many real estate agents go on vacation during the holidays, some work because they know potential buyers will be using their time off from work to look at homes. With fewer clients requesting services at this time, shopping near the holidays might the closest you can get to having your real estate agent’s full attention on your inquiries.
Faster Mortgage Approval
Lenders being less busy during this time of the year may lead to faster approvals, merely because they have less paperwork to go through before they get to yours. Some might even be willing to reduce fees during the offseason in hopes of gaining your business. Have the patience to reach out and get quotes from multiple lenders to try to score the best deal.
Potential Tax Advances
If you itemize your taxes, you can deduct any points, property taxes and mortgage interest upon closing. Depending on how many deductions you have this year and expect to have next year, it might be more beneficial for you to close before the end of the year. Consult with a tax professional to know whether you would have any tax advantages if you purchase a home during the holiday season.
Better Interest Rates
In general, you should see preferable interest rates during the holidays compared to the times immediately before or after. This cyclical trend of lower interest rates during the holidays is probably due to limited demand forcing greater competition among lenders.
People Are in the Holiday Spirit
Some people get in the “holiday spirit” and feel more motivated to help make other people’s lives easier. Others just want to get things done as quickly as possible so they, too, can get off work and begin to relax. In either case, if you get lucky and find your sellers, agents and lenders in a kind, seasonal mood, the process of buying a home could be accelerated for you if you go through it near the holidays.
Real Estate Agents in Gainesville, FL
With years of experience, Rabell Realty Group is your first choice if you want to buy or sell your home in Gainesville. Our realtors stay up to date on market conditions, regulations and developments and use this knowledge to make your buying or selling process flow seamlessly, even during the offseason. Call us for assistance today!