December is a good time to buy a home for several reasons. For starters, the holiday season is typically a slower time for the housing market, which means you’re more likely to find good deals on homes. Besides, Sellers are often more motivated to sell during the holidays, which can lead to better negotiations.
Alejandro Blé, marketing manager at Coldwell Banker, says that it is normally said that December is a good month to buy a house because Mexicans receive the bonus, because they were able to save all year and this will help them have a larger down payment and pay less. mortgage.
At the end of the year, people usually receive a Christmas bonus, savings accounts and even annual bonuses, so It is the period in which they usually have the greatest savings, which is essential for a down payment.
“If we look at it that way, December is a good season, generally, it is when rental contracts end, then you can separate yourself from the income without incurring compensation or penalties,” he commented in an interview with Real Estate Market & Lifestyle.
In turn, Leonardo Mendizábal, commercial director of Luximia, also commented for this publishing house that there are benefits, since you can obtain possible discounts and offers.
Both Blé and Mendizábal pointed out that Other reasons why buying a house in December is a good idea are:
-Reduced competition: The holiday season is typically a slower time for the real estate market, meaning there is less competition from other buyers. This can provide more leverage when negotiating the price of a home.
-Best offers: Sellers are often more motivated to sell during the holidays, which can lead to better deals on homes. They may be willing to accept a lower price or offer assistance with closing costs to close the deal before the end of the year.
-Flexible schedules: Since families are often busy with holiday activities, sellers can be more flexible about display hours during the holidays. This can make it easier to find a time to view a home that buyers are interested in.
-More inventory: There is typically more inventory available on the market during the holidays. That’s because many sellers put their homes on the market in the fall, hoping to close the deal before the end of the year.
Less stress: Buying a home is a big decision and can be a stressful time during work. However, buying a home during the holidays can help reduce stress. There are fewer people looking to buy homes, which means you’re not likely to have to compete with other buyers.
Recommendations for choosing the best house
When you’re looking to buy a home, there are a few things you should keep in mind. For the experts at Coldwell Banker and Luximia, first, you need to decide what you’re looking for in a home. Do you need a lot of space? Are you looking for a certain location? Do you have any specific features you want in a home? Once you know what you are looking for, you can begin your search.
Experts offer some tips below for choosing the best house:
- Get pre-approved for a mortgage: This will define how much money you can spend on a house.
- Get a good real estate agent: A good real estate agent can help you find the right home for your needs and budget.
- Be realistic about your budget: Don’t get caught up in the excitement of buying a home and overspend. It’s important to be realistic about what you can afford.
- Do your research: Before you start looking at homes, research the real estate market in your area. This will help you have a good idea of what to expect when you buy.
- Take your time: Buying a home is a big decision, so you should take some time and find the right one for you. Don’t rush into anything or you may make a mistake.
- Define your needs and priorities: From the moment you start looking for housing, it is essential to consider the needs, such as the size of the property, location, amenities, amenities offered by the developments, transportation, security, etc.
2023-12-13 20:17:53
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