The holidays are right around the corner, which means it’s the best time of the year for festive parties, eggnog, and giving (and receiving!) the perfect gifts.
And, apparently, it’s also the best time of the year to buy a home.
According to a recent analysis from real estate data firm ATTOM Solutions, the best days of the year to buy a home all fall in the month of December. And the two best days of the year to buy a home just so happen to coincide with peak holiday season—December 26, the day after Christmas (-0.3% below full market value) and December 31, New Year’s Eve (-0.1% below full market value).
“Closing on a home purchase the day after Christmas or on New Year’s Eve can be one of the most financially beneficial holiday-season gifts you can get,” said Todd Teta, chief product officer with ATTOM Data Solutions, said in the article. “While lots of folks are shopping the day-after Christmas sales or getting ready to ring in the New Year, our data shows that buyers and investors are buying homes on those days at a discount. That’s a far cry from buying during June, when they are likely paying about a 7 percent premium.”
So, what does this mean for you? If you’re thinking about buying a home, you should definitely consider giving yourself the gift of homeownership this holiday season. Not only will it make for a happy holiday, but it can also make for a great deal.
Want to find the home of your dreams?
A Home Buyers Guide
For the ones who do their homework!
Keri L. Bateman, Broker
The Progeny Team of Benchmark Realty, LLC
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