Winter Is The PERFECT Time To Buy A Home

Winter Is The PERFECT Time To Buy A Home

  Baby, it’s cold outside...  Well, for Arizona that is! 


But if you are in the market to buy a home, this could be the perfect time to heat up your search. I recently took a look at the advantages of selling your home during the holiday season, so let’s flip the coin and look at it from the buyers side.
 For those who aren't hosting guests and parties this year, house-hunting over the holidays is advantageous for a number of reasons. A handful of the benefits buying a home during the holidays include:


1. Homes are priced to sell. Sellers who are actively looking to sell their homes during the holiday months – namely, October through December – are serious about shedding the weight of their residences. This often works in favor of savvy buyers looking to get a deal on discounted homes. For a typical residential property being put on the market for sale this time of year, this might be indicative of a necessity to sell, and if so, buyers are in a better position to negotiate. This necessity may be a result of a recent divorce, job relocation or other sudden financial shift the seller has faced during an unfortunate time of year.

2. There is less competition. 
Having less competition on the buyer's side can mean lower prices on homes in Arizona, in addition to fewer counter-offers to compete against. Without as many buyers eyeing a potential new home, shoppers have a greater likelihood of keeping savings on their side by avoiding the price creep consistent with multiple buyers interested in the same property.

3. Interest rates are still low.
Interest rates have been consistently low since the Federal Reserve suppressed rates to near zero. While the Fed has announced rates will remain low on mortgage loans at least into 2015, there's no denying the eventuality that rates are starting on the upward course.
 

4. People are in the holiday spirit.
In general, people are more inclined to put in a little more effort to help others out during the holidays. This is also true of companies on the receiving end of the mortgage loan approval process.
 

The bottom line:
Saving thousands of dollars on a home purchase may sound appealing, but executing the correct steps to secure these savings and a new property is still just as important. Don't hastily sign anything without first considering whether it makes the most financial sense for the long term. After all, in many cases, you might be stuck with this decision for 15 years or more.


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Phone: 623-703-7445
Dated: November 21st 2014
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