Why You Should House Hunt During the Holidays

A new home may not be on your holiday shopping list, but this time of year is actually more ideal than you might think for house hunting. If you’ve had real estate on your mind recently, here’s some reasons you should consider homebuying over the holidays.

Less Competition

Like many markets, the holidays can mean a slowdown period for real estate, so there are less buyers to compete with in your home hunt. This means you’ll have a better opportunity to get a great price and avoid a bidding war.

Motivated Sellers

Because there are generally less buyers on the market during the holidays, sellers are motivated to make a deal. This will equate to a buyer’s market in real estate, and again, a better price for the home you’re looking for.

It’s a GREAT time to buy!

Here’s the three biggest reasons you need to know:

• Home prices are decreasing: with oil dropping, all of the industry experts are calling for home prices to decline.
• Mortgage rates are still low: we are still dealing with historically low mortgage rates, it’s still affordable to buy.
• Calgary’s rental market is sky-high: our city has the highest rental rate in the country, which means buying is the more affordable and savvy choice.

If you have questions about house hunting in our marketplace, or on mortgages in general, please feel free to contact me or find me on Twitter.

Tags : calgary home buying, calgary homebuying, calgary house hunting, calgary housing, calgary mortgage, calgary mortgage broker, calgary real estate, calgary rental