Top Reasons to Buy a Home During the Holiday Season

The holiday season is officially upon us, and for many it will be an unusual one to cap what has been an unusual and challenging year. There is always a lot to do this time of year, from shopping for gifts to planning family gatherings to making resolutions for the new year. Buying a new home might seem like too big an undertaking on top of all that, but the holidays are actually a fantastic time to buy.

There are several important factors in the home buying process that tend to work in a buyer’s favor around the holiday season. Here are a few to keep in mind if you’re in the market for a new home in the Burnet County area.

Lower Average Home Prices

It’s no secret that home prices in Texas have been rising significantly over the past several years. The Hill Country in particular is one of the hottest markets around. However, historical data shows that average home prices are lower in December than in any other month. Of course, prices depend on a number of factors and this is not necessarily the case for all listings, but chances are you’ll be able to find a good deal if you focus your efforts around the holidays.

Plus, mortgage interest rates tend to turn lower at the end of the year. With rates still at or near all-time lows, savvy holiday buyers can save a lot of money over the life of their loan.

Home Sellers Are Extra Motivated

If you’re feeling anxious as a home buyer around the holidays, guess what? So are the home sellers! Many of those looking to sell this time of year are extra motivated to find the right buyer. Reasons might be a financial need to close the deal before year’s end, or an emotional need to move on and focus on a relocation. The prospect of a fresh start for the new year entices both parties involved in a home sale. Buyers can use this to their advantage to secure faster closings and better prices!

Less Competition from Other Buyers

A final reason to amp up your house search during the holiday months is that surprisingly few people do it. For all the reasons already mentioned, it can be a challenge to find and purchase your dream home while holiday activities are competing for your attention. But one buyer’s hassle is another buyer’s opportunity! In the real estate market, fewer motivated buyers means you’ll have a better chance of your offer being accepted. A property that might have sparked a bidding war during a busier time of year could be yours without issue.

Ultimately, there is no such thing as the perfect time to buy a house. But, with these helpful tips in mind, you may find that the holidays are a great opportunity to get the best deal on your forever home. Check out our buyers page for more detailed information about the buying process, and contact G2 Real Estate Group today to start your Texas real estate journey!

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