HOW TO BUY YOUR DREAM HOME DURING THE HOLIDAYS

It can be difficult to move to a new house during the holidays due to all the seasonal obligations and activities that you must attend to. There are many positives to consider when buying a home during holiday season. It is worth the effort.

Advantages of Buying a Home During the Holidays

There is less competition

People are often discouraged from looking for homes during this time due to the same concerns that make holiday moving difficult. There may not be as many houses for sale at this time, but there are still fewer home buyers. This means that there is less competition to find the right house.

Motivated Sellers

Home sellers don’t enjoy the holiday season as much as home buyers. Most likely, those who sell their homes during the holidays have strong motivations. They might need the funds to buy a house before the year ends. You have a great opportunity to get a better deal when you combine lower competition with motivated sellers.

Lower prices

The rapid rise in house prices can partly be attributed to the shortage of homes on the market. However, December has been a month with lower house prices. It is uncertain if this year will be the same, but you can still look at the prices of homes in your area if you are interested in buying a home.

Faster Closing

Everyone involved in a real-estate transaction during the holidays wants to close the deal before the end of the year. Buyers want to settle in their homes and sellers, if moving, want it done before the holidays. Lenders would also like to have the loan included on their books for the current fiscal year. Brokers and real estate agents would also like to include the common in their income for this year. The closing process should go smoothly for all parties. You must make sure you have all paperwork in order.

Higher Interest Rates

The interest rates are at an all-time low. The average interest rate for a 30-year fixed mortgage is now at 3%. This is despite the fact that it has been rising throughout the year. Online calculators can be used to determine how much you could save on your mortgage over the term of your mortgage, even with a slight decrease in interest rates. You may be amazed at how much you can save. Remember that your credit score can affect your mortgage rate, and even stop you from being approved for a mortgage. Check your credit score and credit reports.

Motivated Agents

Myrtle Beach’s real estate agents have fewer clients due to decreased activity in the market. With a reduced sales commission, they may have more time to assist you.

Similar Seasonal Sales

Are you looking for furniture or other items to add to your home? You will find a lot of seasonal clearance sales at this time of year that will allow you to personalize your new home. Be careful not to spend too much.

These tips may not be applicable to every market or every year. These are often the benefits that potential homebuyers get from holidays. You can learn about the market conditions and find out if you are able to find the perfect home.

If you’re looking to purchase a holiday home, call Full Potential Real Estate.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-236-0203

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FALL IS THE BEST TIME TO BUY A HOUSE

Many people believe the best time to buy a house is spring and summer. The other seasons like fall are often overlooked. Many home buyers believe that fall is all about hunting for houses and Halloween. Contrary to popular belief, fall is a great season to buy a house. It might even be the best time to start looking for your dream home.

Find Affordable Homes

The real estate market becomes more stable as the days become crisper, much like a beach after Labor Day. Summer buyers are likely to have found their dream homes by now, which means that fall buyers will be less competitive for houses currently on the market. Fall buyers will have more freedom to visit open houses because not many people leave the market before the New Year. With patience and perseverance, there are still many homes available.

Worn Out Home Sellers

People who put their homes up for sale in fall are sellers who really need to sell. If the seller has put their home on the market in fall, it can be a powerful tool to negotiate a lower price. If you’ve been eyeing a property for a while, you will be in control of negotiating a price that the seller can’t refuse. A house that has been on the market for a while will give the buyer more negotiation power.

The Holidays Are Near

Many home sellers feel exhausted after the summer selling season. They are also caught between a rock and a hard place as the holidays approach. If they want to be able to move quickly and settle down in time for Thanksgiving and Christmas, they must close as soon as possible. If they offer you a great deal, consider offering to help them move out of their home in Myrtle Beach.

Year-End Credits for Tax

No one wants to buy a house just to make their accountant happy. There is an additional incentive that allows you to buy a house at the end of the fiscal years. You may be eligible for tax deductions, including closing costs and property tax. Mortgage interest can also be used to offset your taxable earnings.

Spend more time with your real estate team

With fewer buyers, you’ll have more time with your real estate lawyer and mortgage broker as well as all other members of your house hunting team. All questions regarding earnest money and title transfers, due diligence, etc. will be answered.

Home Improvement Deals

You might consider upgrading your appliances when you close on the house you bought in fall. December is a great time to buy big appliances like washers, dryers, stoves and refrigerators at their lowest prices. There will be great deals on cookware and TVs.

If you need the assistance of a professional agent in real estate, please call Full Potential Real Estate.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-236-0203
https://fullpotentialrealestate.com