Buying a Home During Xmas

for-sale-snow.jpg
(Photo courtesy of yukonwheeler)

During the holidays, most people are busy setting up home decorations, stuffing themselves with delicious food, and visiting friends and family. Others, however, are still thinking about selling or buying a home.

According to an article on Realty Times, February and March produce the highest amount of sales, but at the same time November and December have the best exposure ratio. What does this mean? Simply that these months “have the highest amount of sales relative to the number of new homes that are listed on the market.” New homes are those properties that have been listed for 30 days or less. At the same time, people tend to put fewer homes on the market during November and December, resulting in less competition for sales, and more buyers looking at a smaller number of houses, hence the higher exposure ratio.

The same article says that the months after New Year are some of the busiest of the year in terms of real estate transactions. So the advantage of holiday house hunting for a buyer is that they can get ahead of the post-New Year bustle and look at some houses with less competition.

American Home Guides says that home buyers looking for homes during the holidays tend to be more serious buyers, and not just casual lookers. Moreover, HomeApply.com says that the holidays are a great time for buyers to “pounce” because lenders and sellers this time of year are usually eager to get deals done. This may mean bonuses for buyers, such as price cuts and closing costs incentives.

So if you are brave enough to venture out into the chilly holiday weather, a new home could be your Christmas present.

Read the full Buying a Home During the Holidays story


Rate this:
3.2
Sphere: Related Content

If you enjoyed this post, make sure you subscribe to my RSS Feed

Why first time buyers ought to wait to Grab Bargain Home Prices


Why first time buyers ought to wait to Grab Bargain Home Prices - Telegraph.co.uk

Why first time buyers ought to wait to Grab Bargain Home Prices
Telegraph.co.uk, United Kingdom - 6 hours ago
During the crazy, easy-credit with tax relief-fuelled housing boom of the 1980s, the Nationwide first-time buyer price/earnings ratio peaked at 3.9.

Rather than parade the naked self-interest of middle-aged homeowners – or people like you and me – most of these calls for action focus on help for first-time buyers.

Sounds so much less selfish that way, don’t you think? They should be ignored. No cyclical market setback is so bad that Government intervention cannot make it worse.

If there were any doubt about that, you need only consider the cack-handed imposition of Home Information Packs (HIPs); several hikes in the rates of Stamp Duty and Chancellor Alistair Darling’s recent dithering about whether this tax on homebuyers might – or might not – be suspended.

English councils to have right to buy The Herald
all 3 news articles

Read the full Why first time buyers ought to wait to Grab Bargain Home Prices - Telegraph.co.uk story


Rate this:
3.6 (2 people)
Sphere: Related Content

If you enjoyed this post, make sure you subscribe to my RSS Feed

In spite of everything in her home, by the skin of her teeth


Still in a home, by the skin of her teeth - MSNBC

Still in a home, by the skin of her teeth
MSNBC - 9 hours ago
It wasn’t any single catastrophe — just the relentless costs of being a single mom with teenagers — that that drove Kennebeck to the brink of disaster. In 1997, after parting ways with a longtime boyfriend, Kennebeck bought a house for herself and her three kids, Sheila, Andrew and Jesse, who were 15, 13 and 12. Taking advantage of a first-time home buyer’s loan, she was able to purchase a small single-story home in Cloquet for $60,000, with nothing down and a $500 monthly payment.

Read the full Still in a home, by the skin of her teeth - MSNBC story


Rate this:
3.5 (1 person)
Sphere: Related Content

If you enjoyed this post, make sure you subscribe to my RSS Feed