What to Consider When Buying or Selling a Home During the Holidays

Holiday Home Buy

Buying or selling a home during the holiday season may not be the first thing that comes to mind when you think of holiday activities, but it can be a smart move. Here are some tips to navigate making a move during the holidays:

BENEFITS:

• Reduced competition in the market
• Buyers may have more bargaining power
• Sellers may attract more serious buyers who are motivated to close a deal
• Potential tax advantages such as mortgage interest deductions and property tax write-offs

FACTORS TO CONSIDER:

• More challenging to schedule inspections, appraisals, and other necessary services during the holiday season
• Inclement weather may impact the home-buying or selling process
• Holiday travel may also impact the process

TIPS:

• Work with a trusted real estate agent
• Be flexible with scheduling
• Plan ahead and be prepared for potential delays or challenges

Happy Holidays!

xo,

Lola Adeyi, REALTOR & CID