Why Buy A Home During The Holidays


Posted Monday November 28, 2022 in Mortgage

Why You Should Consider Buying A Home During The Holidays  |  by Silverton Mortgage

Buying a Home: As the holidays approach, there’s a good chance that you’re focused on gathering recipes for family dinners and finding the perfect gifts for your loved ones. Searching for a home is probably the last thing on your to-do list. However, choosing to make your real estate purchase during the holidays can have some major benefits.  

What Are The Benefits?

For starters, buyer volume is typically low during the holiday months as people are preparing for upcoming festivities. This means that the real estate world is yours for the taking. Because there are fewer offers during this time, competition is low, which means sellers are more likely to negotiate with you on the price. In fact, one study revealed that the best day of the year to close on a home is December 26, which can save you as much as $2,500 on the sales price. Other closing days that can save you are December 21 and 29, which means that you should consider making an offer on a home that has caught your eye around Thanksgiving.  

Another possible benefit to making a home purchase around the holidays is the possibility of tax benefits. For homebuyers who can close on a home before the end of the year, there is the chance that you can write off some of the expenses associated with your purchase. You should always consult a tax adviser for information regarding these expenses as well as other tax advice. In addition, there are usually an abundance of year-end sales, which can come in handy if you need to make large purchases for your home such as furniture or appliances. Combined, these can be substantial enough savings to convince buyers to step away from the holiday merriment and go house hunting.  

Starting A Fresh Chapter

As the year is coming to an end, everyone is eager to tie up loose ends and get ready for a fresh chapter as the new year approaches. Because of this, everyone involved in your real estate transaction will most likely be motivated to get to the closing table faster. Sellers want to prepare for their next endeavor and lenders want to include the loan on the current year’s books. Not to mention that real estate agents appreciate the extra income during the holidays. Closing agents, inspectors, and everyone else involved in the process will most likely also be happy for the business during a notoriously slow season and eager to get everything finalized. It’s a great combination that will most likely have you to the closing table sooner.  

Strategize Your Year End Purchase

So, you’re convinced and ready to consider becoming a homeowner before the year’s end. What next?  Here are some ways to strategize your end of year home purchase: 

First, you’re going to want to be organized. It can be tough juggling the responsibilities of purchasing a home along with the demands of the holiday. Be sure to consider hiring a real estate agent who is up for the challenge. A well-connected agent will be able to give you heads up on not only what’s on the market, but also what may be coming soon. Your agent also needs to be available and ready to move when an opportunity becomes available.  Second, with regards to new construction homes, builders will have spec homes or move-in ready homes. These are homes that are completed construction homes or homes close to completion. A number of these homes can close within 30 days.

Move-In Ready Homes

Move-in ready homes let you enjoy the buying process without having to endure the long construction process. You and your loved ones will be making new memories in your new home sooner than you think. These homes can be purchased immediately and feature beautiful finishes and modern layouts hand selected by interior designers.

While most people are preparing to coast through the remainder of the year, consider taking the opportunity to make your real estate move. There can be huge savings and perks that come with buying during the holidays. Want to find a qualified mortgage professional who Is ready to tackle the task that lies ahead? Contact Silverton Mortgage and let’s get to work!

Silverton Mortgage is Chafin Communities’ partner lender.

All loans are subject to credit approval. Silverton Mortgage is Chafin Communities’ partner lender.

*Silverton Mortgage is authorized to originate FHA, VA, and USDA loans. But it is not an agent of or affiliated with, the U.S. Government. All trademarks are property of their respective owners. Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking, Rhode Island Licensed Lender. Licensing information: https://silvertonmortgage.com/licensing/. All information is believed accurate and is subject to change without notice. CA Resident Privacy Policy | Clayton Homes and Legal and Privacy at Vanderbilt Mortgage and Finance (vmf.com)

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