4 Reasons to buy a home during holiday season

Everyone looks forward to Christmas and the summer holiday season. After all, 'tis the season to be jolly. This year, it could also be the right time to buy a home. Here are 4 reasons why clever property buyers are considering making a purchase this holiday season.

Motivated sellers

Spring is one of the busiest times of year in Australia's property markets. That's when all the buyers are out in force and vendors have the best chance of getting their price. If a vendor is still trying to sell come summer, they're often highly motivated or even desperate to get a sold sticker on that notice board.

Motivated sellers are good news for you they may be more willing to negotiate.

Less competition

Looking for a property during spring can be a nightmare. Open home inspections are packed and by the time you decide you might be interested in a property, there's usually several offers already on the table. This can be frustrating and detrimental to your capacity to negotiate.

If you start your property hunt when others are away on holidays, you can avoid all the hassle and drama. Again, fewer buyers means vendors may be more willing to negotiate.

More Time

There's no getting around it, buying a property takes time and energy. It takes considerable research and a lot of time travelling around to open home inspections.

If you're working full-time, it can be hard to make time to do it right. You'll likely be devoting weekends and evenings to your property hunt. The solution? Do your research and inspections while you're off work and on holidays. That way you'll get it done faster.

Smoother settlements

Nothing motivates people to wrap up a deal quickly like the idea of taking a break. That goes for real estate agents, lenders, vendors and buyers! Things tend to go much more smoothly when demand is less, so you're more likely to see a hassle-free settlement during summer than a busier time of year. 

So, why not put beach life on hold for a while, and spend the holiday season looking for a bargain on a fantastic new home? If you're in the market to buy, chat to us about getting pre-approval on your home loan now. It could be a great way to start the new year off with a bang!

Happy house hunting!