HOUSE HUNTING DURING THE HOLIDAYS

If you’re house hunting over the holidays, you’re likely a serious buyer with an immediate need.  Perhaps you have to relocate for a new job opportunity, or there’s been a change in your personal life? Regardless, while you may assume it’s not an ideal time to be looking — namely because there isn’t much to look at — there are some advantages to buying this time of year. First and for most, there is less competition in the real estate market this time of year. This makes it easier for you to take your time while house hunting, and making it so that you do not go against multiple offers or go through a bidding war for a certain home in the Las Vegas area. During the warmer months, and especially in summer you can put an offer on a home that has only been on the market for 3 hours and there will be multiple offers on the home, in the winter it is so much slower making it easier to get into your dream home. More than likely, if someone is listing their home during the holiday seasons, it is because they desperately need to sell the home. Rather it is because they got a new job, and have to move fast, or if it is because they want to sell the home before next year’s taxes, there is typically always a reason on why the home owner is selling right in the middle of the Holiday Season. You will more than likely get a fast loan approval around the holiday season, with the lenders slowing down with less cliental they will be more available for you and your home loan. Some lenders might even be willing to reduce fees during the off-peak season in hopes of gaining your business. Regardless, don’t just go with the first lender who comes along. It pays to shop around. Get multiple quotes and check out lender reviews online before you go with the first one you find. HOME SELL VALUE GOES DOWN DURING THE HOLIDAYS; yes I said it. As we all know, the buying and selling market have been at an all time high, and seems like it is just going up and up, but studies show that homes go down in value more in December than any other month in the year, so when you are putting in offers on homes, you will not need to be as aggressive with the bidding wars as you would in the peak of the Summer. Buying a home seems like all fun and games, but do your research with EVERY aspect of the home, think about what agent you want to represent you, and what lender will have your back and give the best deal, then do research on the community you are looking in, not every home is worth what it is being sold for. There are thousands and I mean thousands of research pages online, and even getting an agent you trust will give you ALL the information on the properties you are looking at and purchasing will make this really go smoother.