Moving into a new house after the new year has officially begun can be a great experience. It’s the time of year that people start embarking on their New Years’ resolutions with adjusted lifestyle habits, and it’s even more motivating to do so when you’re in a brand-new home and environment. Here are 3 reasons why it is beneficial to move into a new home after the new year:
1. LESS COMPETITION FOR A HOME.
The first couple of months of the new year is often considered some of the slowest months in the real estate market. Recovering from the holidays, weather conditions, and the timing, in general, tends to turn away potential home buyers. Because the market is slower, your chances of finding a home you like are greater, and there is a smaller possibility that you will be competing for a home with other buyers.
2. GREATER CHANCES OF FINDING A HOME AT A GOOD LISTING PRICE.
Because this is the time of year the real estate market is less active, many home sellers end up reducing their prices to increase their chances of getting buyers. Chances are, if you find a home you’re interested in, the listing price will be lower than its initial price when it first hit the market. Buying a home after the new year will allow you to take advantage of those savings!
3. LOCK IN MORTGAGE RATES EARLY.
Once you have found the right home at the right price, by buying the home now, you can lock in mortgage rates before they have the chance to increase later in the year. The beginning of the year is the perfect time to guarantee lower rates, which will save you up to thousands of dollars in the long-run.
Of course, the first step towards moving to a new home is choosing one! Once you have evaluated your budget and your needs, now it’s time to begin your search for the home that is right for you. Looking for a single-family home, condo, townhome, or apartment? Give our talented and experienced real-estate agents a call so we can help match you with the perfect home!