Never thought about buying a home during the holidays? You may be missing out on the best time of the year to make that move!

Many people are counting down the days until the holiday season in anticipation of parties and other fun events, but you might be considering the wisdom behind buying a home during the holidays. Let’s explore the benefits of purchasing your new home before the end of the year.

πŸ€” Why should I buy a home during the holidays?

You may think it’s an unusual time to purchase a home, but buying a home during the holidays can offer tax benefits and other incentives. Apart from the financial benefits, it’s exciting to start the new year in a new home.

Buying a home during the holidays - snowing

πŸ‘·β€β™€οΈ What are builder incentives?

Take advantage of the typical pause in sales that cause issues for home builders during the holiday season. Because they are hoping to attract potential buyers, they offer incentives that include upgrades to finishes, appliances, counters, floors, and fixtures.

Tip: Builders sometimes offer to pay closing costs or take a percentage off the listing price on new construction.

🏘️ Richmond New Construction Homes

πŸ’΅ What are the possible tax benefits?

Some couples choose an end of the year wedding to make sure they can benefit during the upcoming tax filing period, and the same consideration can be made when buying a home during the holidays. If you’re a first time home buyer, there may be special tax deductions you can utilize if you close on a home before the year ends.

Possible tax deductions include interest points, mortgage interest, and property taxes. If you’re relocating due to a job, there are tax credit options for moving expenses.

Check your projected purchase timeline with a tax professional to make sure you meet essential deadlines.Β 

Calculator with Tax Buttons

⚠️ Are there less homes for sale?

It makes sense that the real estate market slows down during the holidays, but that doesn’t mean there are fewer homes being offered for sale. This is great news for potential buyers who want to take advantage of the homes that are getting less attention

Tip: Your offer has less chance of coming up against competition during a holiday purchase.

☎️ Buying a Home During the Holidays? Contact The Wilson Group!

We can help!
We strive to make our client’s real estate transaction an overall great experience. Our business model is deeply founded in the fact that it is all about the experience! Give us a call at 804-396-4625.

πŸ€·β€β™€οΈ Why do people avoid buying during the holidays?

People tend to shift their attention from life goals to the beauty of the season and celebrations during the holidays. Instead of visiting open houses many people are focused on community events, family gatherings, and shopping adventures.

Reasons people are less inclined to buy at this time of year include being overwhelmed with other activities, financial concerns, and lack of interest in packing to move. Benefit from the usual slow buying season by being ready to cut back on holiday spending and focusing on the incredible experience of starting the new year in a fresh space.

🀝 Are sellers willing to negotiate?

The seller is just as excited about receiving your offer as you are in sending one during the holidays. Because there is less interest at this time, a seller is more likely to be willing to negotiate the asking price and terms of the sale.

Tip: Sellers may agree to pay closing costs as part of the new terms. The best news? We handle all the negotiations on your behalf!


πŸ—“οΈ When is the best time to move?

We’ll agree that moving can be stressful, tiring, and time-consuming. You do have certain things on your side to make moving during the holidays a bit less overwhelming. People usually have more time off during this time of year that can be utilized for moving.

Tip: Use holiday time or vacation days to set yourself up for a move that allows you to get settled in and still enjoy holiday fun. Moving companies are also slow this time of year, so you may get a great deal there, too!
decorating christmas tree after buying home during holidays

πŸ“„ What do I need to know about closing day?

Everyone is busy during the holiday season, which is good news when it comes to getting a faster closing day on schedule. People are ready to get business wrapped up so they can enjoy festivities.

Tip: Mortgage lenders are super motivated to close before the end of the year reports are complete. Sellers want to get the money from their sale as quickly as possible.

Do your part to make the closing day as easy as possible by meeting deadlines, having the necessary money on hand, and completing paperwork in a timely manner.

πŸ‘©β€πŸ’Ό How can a real estate agent help?

  • Negotiations
  • Home Searches
  • Open Houses
  • Answering Questions
Tip: Help your real estate agent by providing them the best ways to contact you during the holiday season to avoid delays.
Buying during the holidays - communication

πŸŽ„ Buying a Home During the Holidays

While others are focused on shopping and busy holiday tasks, make the most of the season by finding the perfect gift — a new home! It’s true that buying a home during the holidays isn’t right for everyone, but the benefits are well worth considering.

You could be celebrating the joys of being a new homeowner as the clock strikes midnight to welcome in the new year. Give us a call today at 804-396-4625!
Your Guide to Buying a Home During the Holidays
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Your Guide to Buying a Home During the Holidays
Never thought about buying a home during the holidays? You may be missing out on the best time of the year to make that move!
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The Wilson Group
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