Thinking About Buying A Home During the Holidays

The conventional wisdom is that it is a bad time to buy a home during the holidays. The conventional wisdom is wrong.

We all know that families are busy buying gifts, decorating the homes, going to holiday parties and the like. But there are some very good reasons why buying a home during the holidays is in fact a great idea!

1. There is less competition during the holidays — in our market it is not uncommon to have multiple offers on a home. But during the holiday season, many home buyers have decided to wait until the new year to buy. Because of this, you will not be competing with others potentially driving the price of the home up. This can help get you the home you want and at a price has not been driven higher.
2. Motivated sellers — during this season, most sellers are quiet motivated to get this house sold and off the market. This means that they will be more likely to negotiate a contract to get the home sold
3. Tax advantages — getting in the home before the new year could benefit you with a mortgage interest deduction and property taxes. There is also a potential to deduct some closing fees — for all of these please consult your tax advisor.

If you would like to search for homes in Northern Virginia, please reach out to our website at www.LuxuryNorthernVirginiaHomes.com