It turns out the winter holidays are one of the very best times to buy a home. Surprised? You’re not alone. Here’s why during the last week of December, your very best gift may be the present moment to buy a home! Here’s why:
It may be too cold to get in the car and visit homes in most places in the US, but not here in LA, so work those holidays in your favor: With so many people focused on shopping and holiday parties, they won’t be stopping by that open house. Which means your dream home will have far fewer competing offers right now.
Sellers are especially motivated to sell their homes and move on before the end of a calendar year for both financial reasons, but also emotional ones. Whether they want to leave a home, a city or a state, most home sellers want to start the New Year fresh, and having successfully sold a home before New Year’s Eve helps with that.
The data bears out the December holiday deals. RealtyTrac found October 8 as the single best day to close, with an average discount of 10.8%. But December 31 followed closely behind with an average discount of 9.7% discount.