While you may have heard that winter is not the best time to shop for a new home, don’t let that dissuade you. In fact, the holidays can be the perfect time to find your dream Laguna Beach luxury home. Not convinced? Here are six reasons why now is a great time to purchase a new home

Sellers are Motivated

Door of a new home giftedConventional wisdom dictates that spring is the best time to list your home for sale, so many homeowners who aren’t in a rush will wait to put their home on the market until the daffodils are in bloom. Those sellers who decide to list during the holiday season are likely more motivated, often for practical reasons such as needing to relocate for work. This could result in a great bargain for you if the current homeowner wants to close as quickly as possible

You Can Save Money

Since motivated sellers often result in the possibility of lower prices, now is the perfect time to be shopping for a new home if cost is a consideration. In fact, on average, December has lower home prices than any other month. In addition, buying a home before the end of the year can mean big tax savings for you, since you can deduct home purchase costs and associated fees from this year’s tax bill

Fewer Buyers to Compete With

Just like there are fewer sellers during the holiday season, there are also fewer buyers. Many people who may be in the market for a new home are put off from shopping for one during this time of year because of full schedules, travel plans and family obligations. Fewer buyers means less competition, which means you’re less likely to get into a bidding war with other people who are interested in the same property

Faster Mortgage Approvals

When the market slows down during the holiday season, it means lenders aren’t as busy processing large volumes of mortgage approvals. If you plan to purchase a home with financing, you’re likely to get a better deal and a faster approval when working with a lender this time of year. In fact, some lenders may even offer discounts on fees in order to gain your business during their off season

The Holiday Spirit is Contagious

This time of year tends to bring out the welcoming and generous side of most people. Motivated sellers may be more likely to invite you in, even if they are in the midst of holiday celebrations, and some may be more inclined to put in a little more effort during this season to make sure that you get the best deal. Now’s a great time to take advantage of all the good cheer

See Beautiful Homes

While it may not be the most important reason to buy a home during the holidays, nothing beats seeing a luxury Laguna Beach property all decked out in its holiday finest. When viewing homes during the holiday season, you’ll see them in the best possible light and will be able to easily envision what the holidays will look like next year after you’ve moved in

More Information

If you’d like more information about purchasing a luxury Laguna Beach home during the holidays, please contact The Stanaland Group. We have some of the finest properties available in Laguna Beach and would be happy to schedule a tour