Considering that the cold, shorter days of winter are upon us and the holiday hustle and bustle is lurking right around the corner – would this really be a good time to buy a home?  Yes, it could be!

Home sellers tend to avoid this time of year due to the weather and holidays, but also because conventional wisdom says that buyers are otherwise occupied.  Those sellers who do attempt to sell are usually highly motivated.  Determined house-hunters can take advantage of this urgency and could find the home of their dreams at a fabulous price.  Read on to discover some other great reasons…

Home inventory could work for or against you.  At this time of year the inventory of available homes is less than at other times of the year.  If you are very particular, you might have trouble finding the right house.  Should you be lucky enough to find your dream home, less competition from other home buyers and typically lower winter-market prices might mean you have more room to negotiate for a great deal!

Better interest rates, means better mortgage terms for you.  The drop in demand this time of year (December thru January), results in fewer requests for mortgage money.  In response to this slowdown, Lenders will sometimes offer lower rates and quite possibly even cancel a few of their normal fees.  Do your homework, shop around; find a lender who is willing to work for you!

Speaking of working, the same applies to the real estate professional you choose.  Carefully select a Realtor who will be highly-motivated and available to help you accomplish your goal before the end of the year!

Faster home closings are historically more conceivable in November and December.  Fewer overall transactions and lenders, who want to close their books at the end of the year, could be the inspiration needed to close transactions more quickly for people buying homes at this time.

A tax deduction for your mortgage interest can be another valid reason to buy a home before the year end.  Speak with a tax professional to determine if a mortgage interest deduction may be applicable to your circumstances.

Planning and effort is what creates your future.  Complete some of your holiday tasks ahead of time, focus on your year-end home shopping.  Find your new home and settle in before the holidays have passed.  When the spring and summer buying frenzy hits for everyone else, you’ll already be relaxing and enjoying your new home!

Begin your home search now!

 Tips for home buyers – http://www.prudentialhomesale.com/find-a-home/buyer-resources