Saving in December

Looking at the data of single-family homes and condos purchased from 2013 through 2017, seven of the 10 days with the largest price discounts from full market home value occur in December.

No doubt you’re aware the Seattle market is finally bouncing back in inventory, another reason this December might be the perfect time to buy. Less home-hunters will be out and about and according to most indicators, the average seller will be more motivated. Receiving even a 1% seller credit towards closing costs will put those recent black Friday sales to shame.

According to Blomquist, “Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations.”

Let’s Review:

Shopping for a house in December means

  1. Less competition
  2. More motivated sellers
  3. Opportunity to take advantage of lower 2018 rates

So, Merry Christmas and Happy House-Hunting Holidays to you! If you want to learn more about seller credits and buying down your rate – give one of our loan officer’s a call this December. They’ll do all they can to help you get that home this year! (Including connecting you with a top realtor if you need one.)

Learn more on about the 10 Best Days of the Year for Home-Buying.