Buying During The Holidays

Purchasing a home during the holidays can seem a bit overwhelming. There is no more overwhelming time during the entire year so that thought of adding the purchase of a new home on top of it can feel like too much. As your local Ventura County Realtor and real estate team we are here to show you that should the perfect home pop up it can actually be an ideal time for you to purchase a home. There are many benefits to trying to purchase a home during the holiday season.
1. Less competition: Many buyers who are looking to move just for the sake of moving will hold off until the new year or even into Spring and Summer if they can help it. This alleviates some of the strong competition we have seen in the market over the past year.
2. More time: If you are able to arrange your time so that you get all your holiday shopping done early or online you can use any extra breaks off school and work to hunt down the perfect home.
3. Lower interest rates: Mortgage interest rates are expected to rise again in the new year. Taking advantage of existing rates means that there has never been a better time to buy than right now.
4. Potential for negotiation: Sellers moving during the holidays likely need to move quickly and are therefore more likely to strike a deal. This is a huge benefit to being a buyer during the holiday season.
5. Tax break: Mortgage interest rate is a tax deduction that many buyers hope to take advantage of prior to the end of the year. Buyers are also able to write off many moving expenses. As your local Ventura County Realtor, we highly recommend taking the tax break and purchasing your new home prior to end of the year.