If you're thinking you should wait until after the holidays to buy your first home or your next home, you may want to think twice. Buying a home in Orange County, Los Angeles County, Riverside County, Ventura County, San Bernardino County, or San Diego County during the holiday season can offer a lot of benefits.
Since interest rates are still very low for SoCal homebuyers, this time of year can be advantageous for homebuyers, for 3 main reasons. Here's a look at 3 reasons to buy a home in SoCal this holiday season.
- Less Competition
During the holidays, many people are busy with family, work, and personal obligations. That means that there are typically fewer people seriously looking to buy a home in SoCal. As the result, your offer may not have to compete with so many others in the hot Southern California real estate market. This means you could have more wiggle room in terms of negotiating the price. So, if you're looking for your first home in SoCal this holiday season, you may find yourself in a prime position to get the most for your money.
- Sellers Are Serious
Sothern California homeowners who are selling their homes during the holidays, are often very serious sellers, who will carefully consider all offers. This may be due to a need to sell their home because they are starting a new job in the New Year, which requires relocation. It is also often a time for a quick escrow as some SoCal families take advantage of the school holiday so that their move can be completed while their children are on break.
- Tax Benefits
Buying a home before the end of the year can result in huge tax benefits for homebuyers in SoCal. Buyers should confirm with their trusted tax professional that closing the sale of the home before the New Year is indeed advantageous. The write offs may be incredibly advantageous.
If you're looking to buy a home this holiday season, Summit Lending can help. As a direct lender, and top-rated Orange County mortgage broker, we offer quick closings, low interest rates, and a huge variety of loan programs to fit your needs.
Based in Huntington Beach, CA, with offices throughout Southern California, the top rated mortgage consultants at Summit Lending can be reached online, on Facebook, or via phone at 888-451-9006. From conventional fixed rate loans to Jumbo loans, VA loans and cash out refinances, FHA loans and reverse mortgages, we can help you accomplish your short and long term real estate financing goals, by providing you with low interest rate loans and fast closings in Southern California.