The holiday season can be busy—between gift shopping, cooking and hosting dinners, and visiting friends and family, it can be downright hectic! And with all that going on, it definitely might not seem like the ideal time to buy a home. But actually, the holiday season can be an advantageous and smart time to buy a home… here’s why.
Other Buyers Are Scarce
One of the biggest perks to buying a home during the winter or holiday season? You likely aren’t going to have much competition! During the busy spring and summer seasons, you might feel hurried to make an offer on a home before another buyer, or even end up in a bidding war (which can lead to higher prices). Or worst of all, you might watch your dream home get snatched out from under you before you even have a chance to make an offer!
During the holiday season, you’ll have plenty of time to tour homes, weigh the pros and cons, and make a decision that’s financially comfortable for you.
Sellers Are Eager (Or Desperate)
Sellers who list before or during the holidays are usually pretty eager to accept an offer and close before the madness of the holidays set in or the year ends. Because it’s a less popular time to list, most sellers with homes on the market at this time are pretty serious—they might be moving for work or financial reasons, or they might even be left over from the spring or summer season (which often comes with a nice price drop)!
Whatever their reasons, sellers during the holiday season are usually pretty eager to close, which means you’ve got all the negotiation power.
You See The House in… Less Than Ideal Weather
It’s nice to tour homes when the grass is green, flowers are blooming, and the weather is beautiful! But what about when it’s cold, windy, and dreary? It might not sound like a great time for touring homes, but seeing a home at its worst is actually pretty strategic. As you walk through the home, you might notice drafty windows or doors, cold rooms, heaters that clank and rattle or don’t seem to work properly…
Touring homes during the colder months is a great time to see how well they hold up to the elements—and ensure you’re getting a cozy, well-functioning home that’s not going to cost a fortune in heating or repairs!
You’ll Close in Time for Tax Breaks
Buy your home before the year ends and you’ll be looking at some pretty nice tax breaks come next year! Just what kind of breaks are we talking about? Well, any interest you pay on your mortgage and property taxes is deductible, as are a variety of closing costs and fees.
Savvy homebuyers (or those with savvy accountants) can find a lot of nice breaks for home buyers and home owners as well (so you can deduct next year, too)!
Thinking of Buying a Home in Bayonne?
Are you thinking of relocating to or buying a home in Bayonne, NJ? Then it’s time to contact Century 21 Viewpoint Realty. We’re here to help you explore the area, discover its fantastic community, and find a home that’s just right for your needs.