A mortgage is one of the biggest single debts you’re likely to willingly take on. As such, being able to properly manage your mortgage is very important. With so many options when it comes to,
Reasons To Buy A House During The Holidays
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: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.
There is less competition, having less competition on the buyer's side can mean lower prices on homes, 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. 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.People are nicer, but homebuying still requires a processand while it's true holiday home purchases are usually down during the holidays, don't expect a fast-track through typical lending checkpoints.
As in all markets, loan origination staffing will be down as employees go on vacation, so seeing a home purchase come to fruition during this time of year can prove just as challenging as peak months.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.Enjoy House Hunting and the Holidays!!
My name Yadira “Gina” Vazquez also known as JerzyGna and I’m a Florida REALTOR®, my office is located at 264 Central Ave Winter Haven, FL. I hold a Community Association Manager (CAM) License a....