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U.S. News and World Report recently came out with some great insights which I can confirm from my boots-on-the-ground perspective. If you are a buyer still beating the bushes looking for a home, there are some serious advantages to buying a home around the holidays:
1. “There is less competition. This makes it not only easier to find a home but to get a good deal when you do.”
2. “There are typically fewer buyers in the market, which gives you more negotiating power.“
3. Sellers are usually more motivated to sell during this time of year because they want to get their home sold before the end of the year.
4. Some sellers may be willing to accept a lower offer or offer contingent options such as buying down points for buyers to lower their monthly mortgage payments or paying part of the closing costs.
Finally, buyers looking for a home before the end of the year may be in luck. Price-wise, the best days to buy a home are all in the last two months of the year beginning after Thanksgiving through the end of December — “Nov. 28, Dec. 5, Dec. 12, Dec. 19 and Dec. 26 to be exact.”
