Buying a home in Mission is probably the biggest investment you’ll ever make. It’s an exciting experience but can also be a stressful time. Knowing the best time to buy a House often plays an important part in finding the right home for the right price. Many feel that, despite the hustle and bustle involved, holidays may be the perfect time to make this life-long investment.
Are the Holidays a Good Time to House Hunt?
With Holidays keeping us busy with family dinners, shopping and just doing a lot of running around, you probably think you don’t have time to do much more, particularly look for a house to buy. However, many experts feel Holidays are the ideal time to look for homes for sale in Mission and even buy a house. Just what makes Holidays such a good time for house hunting?
Less Competition – It stands to reason that the less the competition, the better your chances of getting a good deal. Holidays generally bring cold weather with them, which makes it a less popular time for many to house hunt.
Sellers Are More Eager to Sell – Holidays often bring about more shopping and more debt. While this is unfortunate for the consumers, it’s fortunate for home buyers because the sellers are usually more eager to make a deal and sell their home. The result? A more attractive price.
Lower Interest Rates – Because fewer people buy homes during the Holidays, the lenders experience a decrease in business. You may find that your lender will offer a lower interest rate or even fewer closing costs during the holiday season just to get your business.
Tax Break – If you finalize your mortgage loan before year end, you may be able to deduct some mortgage interest or even the first payment on your next year’s taxes.
Quicker Process – Buying a home in Mission and closing the deal often can take several weeks if the lender is extremely busy. This is usually not the case around holidays. Lenders usually do not want open transactions on their books at year end, so they’re going to provide you with a faster closing.
Holiday Home Hunting Tips
One of the best ways to ensure you’re getting the home you and your family wants is to be organized. Now that you’ve finally decided to take that big step and become a homeowner, here are a few tips to help steer you in the right direction.
Location – The old saying ‘it’s all about location” really is true. Location is extremely important when buying a house or home. Even the most beautiful home can be marred if it’s in a poor neighborhood or just in the wrong location. Find out how far it is from work, schools, hospitals, shopping, public transportation, etc. With the cost of fuel, these are things you’re going to want to keep in mind, not to mention convenience.
Know What You Want – Sit down and make a list of what you want and need in a home. Determine what you definitely want, as well as what you don’t want. The perfect place to start is by making a list of what you like and don’t like about the home where you’re currently living.
Research – Don’t leave everything to a Mission Realtor. Years ago, we had to rely on Realtors to tell us what the market had to offer and how much we could expect to pay. With the help of the Internet, we have access to pertinent info such as current market trends, home prices, neighborhood statistics and what homes are actually available. Use this to your advantage.
Check Out Financing – Unless you’re paying cash for your new house, you’ll want to make sure the funds are available if and when you need them. Nothing could be more frustrating and disappointing than to find your dream home and then discover you couldn’t get a mortgage loan. Speak with a lender or mortgage broker and get pre-approved so you know what type of home you can afford to buy.
Make Time to House Hunt – Do not go house hunting when you’re on limited time. Schedule a day or several hours so you can take your time and browse through each home you see. Dress comfortably because you’ll be on your feet a lot.
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