It might not make sense, at first. Who would want to buy a home during the Christmas holiday season? Surely no one is selling right now?
Let me give you 3 good reasons why buying your next home now could be a wise idea.
1. You Have Less Competition.
Believing that no one is selling. Many home buyers make the mistake of staying out of the market. They decide to wait until spring. This means if a ‘cream puff’ comes into the market you may be able to get a really good deal IF you are active whilst others wait. If you wait until spring, you will almost certainly be in multiple offers and you risk paying MUCH more than if you buy now.
2. Homes Will Show Well & Smell Amazing
When does a home look the most inviting and smell the best? During the Christmas season, many homes are decorated and the aroma of all that baking, fills the air. There’s simply no better time to assess the potential for a home than during the Christmas season.
3. Interest Rates Increases May Affect Affordability
To reduce inflation, the government may continue to increase interest rates. If the government continues to increase rates you may have no choice but to lower your expectations. A one percent increase will generally shave 10 percent off your buying power.
Would it make sense to lock in now knowing what you can afford at todays prices?
And remember spring prices are ALWAYS higher, much higher than during the winter months.
To shop for ALL homes in the metro Edmonton area please go to our website www.AmbergateHomes.ca.
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