The holiday season is busy enough as-is, but it can feel even crazier if you’re also actively looking for a new home! While the real estate market typically slows down in November and December, this year is far busier than most. This is likely because the spring market was so competitive, and as a result, thousands of people in our region were unable to find their new home and are still home shopping during the holidays. Plus, buying is still affordable because mortgage rates are low.
But when you’re home shopping during the holidays, there are a few extra things to consider. First, you may want to request appointments to see a home a little further in advance than usual, as sellers tend to be busy this time of year. This is especially true if it’s the week of Thanksgiving or Christmas. Another thing to consider is that the sellers might celebrate different holidays than you, and may prefer to not have any showings during Hanukkah, for example. And generally speaking, Realtors and sellers prefer to not have any showing appointments on Thanksgiving, Christmas Eve or Christmas Day.
One great thing about purchasing a home this time of year is that while it’s still busy, it’s a far less chaotic time than the spring and summer months – so it’s possible that your mortgage may be processed a bit more quickly, and your real estate agent may have a more flexible schedule. That said, most lenders and title agencies typically try to avoid settlements for a couple of days right before Christmas, simply because so many people take off that week and sellers understandably don’t want to move during the holidays.
As always, EveryHome’s website will be updated every day, including holidays, so you can be sure that you’re getting the most accurate information. If you’re interested in seeing a home this holiday season, be sure to give us a call at (215) 699-5555!