What's the Best Time of Year for Home Buyers?

Posted at 5:54 AM, Nov. 24, 2006

First, only serious sellers, who are strongly motivated to accept a reasonable offer, will be showing their homes during the holidays.  These weeks are traditionally the slowest of the year for real estate sales.  Most people are thinking about holiday travel and family feasts, so if they can wait to put their house on the market they will. Therefore, homeowners who are having showings are serious about making a sale.

Second, most potential buyers are also concentrating on celebrations and the season – they've put their house hunting on hold for a few weeks.  That means there is less competition from other buyers, and that's an advantage in what is becoming a buyer's market. 

And I've saved the best for last…money in your pocket courtesy of Uncle Sam. There's still time to buy a home and settle before the end of the year, and that could mean a substantial tax deduction from your 2006 income. Of course, you'll want to consult your tax preparer about your specific situation. But mortgage rates are still low, and I can recommend lenders, inspectors, and attorneys who can shepherd deals through to closing quickly. 

Then when the clock strikes midnight on New Year's Eve, you'll really have something to celebrate. Call me today and let's get started.