Published : 7 December 2014
Thinking about the best Christmas present? How about giving yourself and the people that you love a new home this holiday season?
Buying a house during the Christmas holidays may seem counterintuitive but the truth is that the opportunity happens to be an amazing one. If you’re looking for a wonderful new place but you’re on a relatively tight budget, this season is going to be the perfect one for you.
Very few people consider Christmas home buying but here are some of the most important advantages that the opportunity has to bring.
Sellers Active during the Holiday Season are Serious
Let us face it – people that have decided to sell a home during the holiday season are obviously serious about it. They may need the funds urgently or they’re probably facing relocation, which necessitates the quick sale of a home.
There are fewer buyers interested in making a purchase during Christmas, which is why the buyers will be more than happy to negotiate with serious individuals that offer a reasonable amount for the property.
Communicating and negotiating with such sellers will bring the pressure down and enable you to strike the perfect deal. In addition, if the seller has been incapable of closing the deal for some time, chances are that you’ll get some additional flexibility.
The fact that the Christmas property sellers are serious about it will also contribute to the next important benefit, namely:
Even if you don’t have the perfect negotiation skills, you’ll still find yourself capable of closing the deal quickly and on your terms. This process will otherwise continue over a long period of time, especially if the buyer is unwilling to make concessions or accept a property offer that both of you feel comfortable with.
The situation happens to be somewhat different during the holiday season. A buyer that is trying to sell at this time of the year will usually be more flexible, which will contribute to much fast closing.
In addition, there are fewer transactions to close during this time of the year. Many property buyers find it easier to get a loan and speed up the entire process.
Fewer Buyers to Compete against
The number of people interested in purchasing property during the holidays is limited. Having fewer other buyers to compete against will enable you to find the perfect property, negotiate with the seller and acquire the house without having to worry about an offer somebody else is going to make.
The lower competition is historically connected to lower prices. When demand for property is high, chances of finding a bargain sale remain minimal. You’re in full control if you decide to opt for Christmas hope shopping.
Since the competition is going to be limited, you will not be forced to rush through the process. The market is slower and you have time to make up your mind and choose the perfect house.
A Few Important Things to Remember for Successful Holiday Home Shopping
Though holiday real estate shopping does come with numerous advantages, you’ll still have to keep the limitations in mind.
For a start, there’s going to be a smaller number of properties to choose among. Many potential sellers will wait until the holidays are over to put their listing up. You’ll need a bit of luck to find what you’re looking for, especially if you have very strict property selection criteria.
In addition, a house may look much brighter and more attractive when fully decorated. Don’t let the lights and the Christmas ornaments fool you. Try to be impartial and imagine what the property’s going to look like during a regular day of the year. If you can’t assess the condition of the house on your own, hire a professional to do the inspection for you and give you expert advice.
Finally, you should accept the possibility of not finding the home you’re looking for. If you aren’t drawn to any of the possibilities, it will be smarter to wait. Don’t make a huge compromise just because you’ve decided to buy during this time of the year. Property purchase is a serious step, which is why you should never rush through the process.
Holiday property shopping can be fun and exciting. It is a wonderful opportunity but limitations do exist. Being fully prepared and knowing what to expect will give you the chance to benefit from holiday house shopping, regardless of the limited number of listings.