Buyers who are planning to buy a home soon should not hesitate to start their search now, over the holiday season. There are several good reasons why buyers should not wait, and the top four include the following:
1.) There is less competition during the holidays, as others are preoccupied with holiday activities. This could translate into lower prices and better negotiating leverage.
2.) The sellers currently on the market are serious sellers. These sellers have a real motivation to list their house and put up with showings over the holidays. Motivated sellers translate again to better negotiating leverage for the buyers.
3.) Mortgage lenders tend to offer better mortgage interest rates and terms when demand dips from December to January.
4.) Faster closings due to lower overall amount of transactions around this time of year.
You may also get a tax deduction for 2014, if you manage to close by December 31, 2014. Please consult your tax advisor for tax related details, and visit the full article for more advantages to buying a home over the holidays: http://www.realtor.com/home-finance/homebuyer-information/why-you-should-buy-a-home-during-the-holidays.aspx