Why The Holiday Season May Be a Great Time to Buy a Home
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If you believe conventional wisdom buying or selling a home in the holiday season makes no sense. The buyers are looking at real estate agents looking for a break and sellers who do not want to open their homes during the holidays if they haven’t already pulled their listing already.
My opinion, if you believe in conventional wisdom in this real estate market you are the greater fool.
Sellers who are listing in the holiday period are motivated. Odds are they have a job change, a life change, or a mortgage they have to get out of. They need to sell their home and want to do so as quickly as possible.
Meanwhile, the buyers in the market are motivated. Who wants to slog around looking at homes in the holiday season when it is cold and bleak and all their friends are drinking the egg nog and having parties? Not these buyers, they too are motivated to make a deal.
So when trying to decide whether to list your home right now expect fewer potential buyers. But be assured that these folks are actual buyers, not tire kickers.
In addition to the typical holiday sellers - those going through major life change or relocating for a new job - there’s another crop of homeowners who are deciding now is the time to sell, according to Coldwell Banker’s Droubi.
“We’re seeing some people with adjustable rate loans whose payments have come up and who are very overextended enter the market,” she said. “At this time of year you’re dealing with people for whom time is not on their side. They need to sell and they need to sell quickly.” via the SFGate
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Pingback by Holiday Season is the Best Time to Find Deals! | on 2 December 2007:
[...] Why the Holiday Season may be a Great Time to Buy a Home [...]
Comment by Cash on 2 December 2007:
I AGREE! You always want to be doing what everyone else isn’t doing. Right now, this time of year, that’s buying real estate! Talk about a great time to pick up investment property! How exciting!
Comment by dean on 2 December 2007:
Tommy,
BJ Droubi is one of the most respected Realtor/brokers in the SF Bay Area. She ran her own company for years and recently decided to sell her business and move over to CB.
Now is a great time if find the right property, a seller who must get out from under, and you have the means (especially here in the Bay Area) to take advantage.
Comment by Madison Albright on 3 December 2007:
Sell and buy now, but use caution on advertising budgets as the Christmas season can have a impact on your purse.
Comment by Shirley on 6 December 2007:
That is so true, that the holiday season are the best time of the year to buy or sell one’s property. I personally agree with you. You I have been looking for a fine house for sometime now. But now seeing that it soon going to be Christmas I increased my search speed and have decided upon a house. My children really wanted to buy the house before Christmas as we can all be start our life afresh in the new house with celebrations. Besides, the festive season also makes its easier to interact with the neighbors. I will leave the link of my new home, please do check it out:(http://www.resortscape.com/default.aspx?ct=D&pid=16130&utm_medium=linktous&utm_source=PT).