Reduced prices await home buyers this time of year
With the holiday season underway, many home buyers do not expect to be celebrating the holidays in a new home because they’re with planning getaways or trips to shopping centers. While signing for a home in December may be tricky, J.Christopher Real Estate Group would like to remind hopeful homeowners that they can still surprise the family with keys to a new home this upcoming season.
“Besides the obvious reasons why sellers might delist their homes in December, many properties will remain on the market. Buyers who continue their search through the winter will find better deals than they normally would in the spring or summer months,” said Jarrod C. Lewis, owner of J.Christopher Real Estate Group.
While buying a home around Christmas can be hectic because of unusual schedules, there are several reasons why December could be considered the best time to buy.
- The number of home listings and total number of buyers tend to decrease in December because few people want to deal with tours or signing legal documents when one could instead spend time preparing for the big celebrations ahead. This means there is less competition for buyers, but they will also have fewer options to choose from this time of year.
- Homes that remain in the market during the winter months tend to be listed by motivated sellers. While many sellers will remove their listings until the spring or summer to get a better price on their home, the sellers who are welcoming buyers into their homes for tours will usually want to close a sale as soon as possible. Add to the fact that there aren’t too many buyers at the moment, and what happens is that buyers have a little more leverage to purchase a home at a lower price.
- Although this doesn’t happen in every scenario, the Christmas season can pull some heartstrings for sellers who want to help make another family’s dream of homeownership a reality.
With the magic of the season all around, J.Christopher Real Estate Group wants to help you move into a Winter Wonderland that you can call your own. Speak with one of our agents today at 401-830-6906 so you can kick off the New Year with a fresh start.