Page 16 - AreaNewsletters "Dec'19" issue

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HEALTH • WELLNESS • LIFESTYLE
Bene ts of Buying a Home
During the Holidays!
By Ti any Brown, Motto Mortgage Summit
1. Less Competition – The same issues that make holiday moving a hassle tend to keep people from shopping for homes at that time. While there may be fewer homes available, there are also fewer homebuyers – and that should equal less competition for any home that ts your needs.
2. Motivated Sellers – Home sellers don’t enjoy moving over the holidays any more than homebuyers do. It’s likely that people who are selling their homes over the holidays are highly motivated to do so. Perhaps they must relocate for a new job, or their home has been on the market for a long time and they need the money from a sale before the year is out. Combine motivated sellers with decreased competition and you have great leverage to get a better deal.
3. Lower Prices – Home prices have been rising rapidly, in part because of an overall shortage of homes. However, December historically has lower home prices than any other month, due in part to the reasons listed above.
4. Faster Closings – As a general rule, everyone involved in a holiday real estate transaction wants to complete the transaction before the year ends. Buyers want to settle in their new homes (and if sellers are relocating, they want to settle in before the holidays as well). Lenders want to include the loan on the current year’s books. Real estate agents and brokers want to include their commission on the current year’s income. Motivated parties should make the closing process go as smoothly as possible.
5. Better Interest Rates – Interest rates are still near historical lows. Now is a great time to take advantage of those low rates. 6. Motivated Agents – Lower activity in the housing market means that real estate agents are dealing with fewer clients. They have more time to devote to your situation, and to get
your deal closed quickly!
7. Related Seasonal Sales – Need new furniture or other items
for your new home? Plenty of seasonal clearance sales will be available to help you apply a personal touch. l
Video Credit: Erie G., Castlewood Ranch
oving during the holidays can be a headache with all the seasonal activities and obligations – not to mention the chances of weather that makes a move dif cult. However, there are plenty of positives to buying a home during the holidays that may make the headaches of moving worth the effort, including the seven listed below. And don’t worry – Santa will still nd you!
M
Mary Kay
Jackie Pavlosky Independent Sales Director
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December 2019 • Castle Rock “AreaNewsletters”
16