WHY IT'S SMART TO BUY A HOME DURING THE HOLIDAYS
Spring is the start of the hot real estate season for a few obvious reasons, nice weather and the desire to move during the summer when kids are out of school at the top of the list. But embarking on a home search during the holidays can be advantageous to buyers. Thinking about taking the plunge? Here are a few reasons you should be looking for a new home now.
The potential for a great deal
There's an assumption that anyone selling over the holidays, and thereby taking time away from family get-togethers and Christmas shopping and is selling because they have to, not because they want to. That assumption tends to be true. And it can payoff for buyers.
"Sellers tend to avoid the end of the year due to the short days, wintry weather and conventional wisdom that says buyers are otherwise occupied, says Tim Deihl, associate broker at Gibson Sotheby's International Realty in Boston," said Bankrate. "But those who do choose to sell at year-end are often under pressure and highly motivated to cut a deal. And that's why the year-end might be a smart time to buy: Determined house-hunters can take advantage of sellers' urgency."
Lower prices
Experts say that homes listed over the holidays may have a lower sales price.
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