Your Ultimate Guide to Real Estate on Chicago's North Shore

Why buying a home during the holidays could be a good time to make your move

image

Maybe you’re relocating for a new job or making a move to accommodate you’re families needs. Whatever the reason may be, if you’re house hunting over the holidays, there are advantages to purchasing a home at this time of year.

Less Competition

The holidays become a slow season for buying a home. House hunting during this time of year, lowers the chances of multiple offers and bidding wars with other buyers.

Serious home sellers

Why would sellers pick such an inconvenient time~ while everyone is busy entertaining family and friends and enjoying the spirit of the holidays~ to list their properties? Probably because they need to sell and may feel compelled to do so before the end of the year for tax purposes. What this means for you: less hassle when it comes to negotiating; a greater willingness, on the part of the seller, to agree to concessions; less chance of the seller waffling; and greater respect for your offer, even if it’s a little lower than the seller was perhaps expecting.

Faster mortgage approval

Lenders aren’t as busy this time of year, and less volume could mean faster approval. Some lenders might even be willing to reduce fees during the off-peak season in hopes of gaining your business. Regardless, don’t just go with the first lender who comes along. It pays to shop around.

Greater affordability

Sure, home prices have been rising, but they’re typically lower in December than during any other month (so you don’t have to be as aggressive with your initial first offer, compared with buying during peak to high Season). If you want to take advantage of low interest rates, the time to act is now.

We are North Shore real estate specialists and one of the top Realtor teams in the area. If you would like to consult with the Come Home North Shore team about getting your home sold, please call 847-881-6657 or send us a note here.

– See more at: http://northshoreviews.com/#sthash.07bhxcm3.dpuf

Tags: ,

Leave a Reply