Is the Christmas season a good time to purchase a home?

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November 30 2012 - US
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Answers (10)

Best Answer
Chynita,

Great question, and I get this question a lot. To determine when it's a great time to buy a home depends on what the rates are. Although, there are many factors that help determine whether morgages will be good or bad. The best indicator is the 10-year Treasury bond yield. If the 10-year bond yield is up, mortgage rates will be up. If ther 10 year bond yield is down, then mortgage rates will be down.

Right now 10-year bond yield are down so now is a great time to buy a house. 2 years ago rates were horrible as you may know and no one can really predict what rates will do in the future. Right now rates are good! I would definatly get a quote on what a bank could offer you on a home based on your credentials before rates went back up.

You can get my contact information from my profile, and I would be happy to assist you in a quote.

Thanks,

Shamere
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November 30 2012
Less competition during the holidays...
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December 30 2012
With a huge increase of rental demand and low mortgage rates, now is the perfect time to buy.  Home Prices are predicted to go higher next year.
Best of Luck,

Maria Cipollone
Century 21 tenace
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December 29 2012
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Christmas can be a suitable season to buy a house for sure. As a very low percentage of people are there who spend for house during Christmas, hence the sellers won't tie you up with unexpected amount. Few can sell their house along with furniture. Go for it, only if they are not wooden and your pocket is not burnt!
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December 28 2012
Absolutely! There aren't many people looking to buy during the holiday season, which means you probably won't have to compete with other offers. Inventory is generally lower during this season, but the homes that are listed probably have very motivated sellers, so you may get in at a lower price. Good luck!
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December 10 2012
There are actually several potential benefits of purchasing a home during the Christmas season. The biggest one is the inventory does go down, but if you can find a house you like the sellers are likely very motivated and want to sell. This gives you much more negotiating power!
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November 30 2012
The season should have nothing to do with purchasing a home, as long as you need a new home.   In colder climates than GA you cannot see the lawn since it is covered with snow most of the winter season, so you may be in for a surprise when the snow melts.  There are usually less properties on the market during the Christmas season, because some sellers, who do not NEED to sell, take the property off the market for the holidays.
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November 30 2012
Christmas is a great time for buyers provided you can find what you want. Sellers who have their homes listed during the Holidays will most likely be very motivated to sell. Otherwise they would probably wait until after the New Year. It is one time of year when an aggressive offer just may come together.
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November 30 2012
The best time to buy a house in an entire year is surely Christmas. Apart from the 12 month low prices, like the Easter Sunday, the chances are once again, that very few people will probably be trying to buy a house on 25th December as most people take the day off to spend the time with family and friends.
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November 30 2012
yes
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November 30 2012
 
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